FRANKFURT (Reuters) -The pinnacle of T-Cell U.S., the fast-growing and worthwhile subsidiary of Germany’s Deutsche Telekom, is because of step apart earlier than the top of his present contract, German newspaper Handelsblatt reported on Monday.
Handelsblatt reported Mike Sievert, who has headed the cellular operator since 2020, wished to take a break and that Chief Working Officer Srini Gopalan, till not too long ago head of Deutsche Telekom’s Germany enterprise, was a number one candidate to succeed him.
The chief govt would step down this yr or subsequent, the newspaper added.
“We don’t touch upon rumors or hypothesis,” mentioned a spokesperson for T-Cell U.S., including Sievert “loves his job … Mike and the board are delighted that we’ve recruited Srini to affix our staff as COO and convey his expertise to our enterprise.”
Deutsche Telekom didn’t instantly reply to a request for touch upon the report.
Beforehand going through troubles, T-Cell has develop into a income and revenue driver lately. Due to sturdy figures from the U.S. cellular operator, Deutsche Telekom has raised its earnings targets a number of occasions.
T-Cell U.S. buyer progress fell wanting expectations firstly of the yr because of an intensified worth conflict. The subsidiary nonetheless goals to win 5.5 to six million new customers by 2025.
Sievert, who joined T-Cell as advertising head in 2012, had been because of stay in publish till 2028.
(Writing by Thomas Escritt; Enhancing by Nia Williams)