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Kai-Uwe Ricke resigns as Deutsche Telekom CEO

Kai-Uwe Ricke resigned his position as CEO of Deutsche Telekom with immediate effect following a meeting with the company’s Supervisory Board. A meeting of the Board to discuss his successor is expected on Monday.

Kai-Uwe Ricke took over as Deutsche Telekom’s CEO on November 15, 2002. During his term there was not only the clear reduction of debt, but also for example the internationalization both in Eastern Europe and the USA, the T-Online merger as well as the development of the German broadband market.

http://www.telekom.de

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