Deutsche Telekom has hired a new CEO to lead its underperforming enterprise division.

The identity of the new exec is being kept under wraps “on request of the individual's current employer”, the Germany-based operator said, but they will start their new role on 1 January next year.

The announcement means Reinhard Clemens (pictured) departs the company after leading T-Systems for almost 10 years.

The former HP and IBM exec has paid for sales falling over five percent to €3.4 billion in the first half of this year and 3.5 percent to €7.9 billion in 2016.

Adjusted EBITDA slumped over 24 percent to €232 million in H1 2017 and over 21 percent to €582 million last year.

The company blamed “sustained price pressure” in IT services and a failure to replace some big legacy deals for its most recent financial performance.

Clemens said: "The essential aspect of our work in recent years was to make the company future ready and to focus on the challenges posed by digitisation.

“We did so successfully, even though we have not yet achieved all our objectives completely.”

Ulrich Lehner, the Chairman of the Supervisory Board added: "I would like to thank Reinhard Clemens for his nearly 10 years of service on the Board of Management.

“In a difficult competitive environment, he provided the company with important momentum.

“His successor possesses the necessary experience and know-how to continue to drive consistently T-Systems’ transformation."

Read more: BT, Deutsche Telekom target enterprises with PaaS, public cloud launches

Deutsche Telekom has hired a new CEO to lead its underperforming enterprise division.
The identity of the new exec is being kept under wraps “on request of the individual's current employer”, the Germany-based operator said, but they will start their new role on 1 January next year.
The announcement means Reinhard Clemens departs the company after leading T-Systems for almost 10 years.
The former HP and IBM exec has paid for sales falling over five percent to €3.4 billion in the first half of this year and 3.5 percent to €7.9 billion in 2016.
Adjusted EBITDA slumped over 24 percent to €232 million in H1 2017 and over 21 percent to €582 million last year.
The company blamed “sustained price pressure” in IT services and a failure to replace some big legacy deals for its most recent financial performance.
Clemens said: "The essential aspect of our work in recent years was to make the company future ready and to focus on the challenges posed by digitisation.
“We did so successfully, even though we have not yet achieved all our objectives completely.”
Ulrich Lehner, the Chairman of the Supervisory Board added: "I would like to thank Reinhard Clemens for his nearly 10 years of service on the Board of Management.
“In a difficult competitive environment, he provided the company with important momentum.
“His successor possesses the necessary experience and know-how to continue to drive consistently T-Systems’ transformation."
Read more: BT, Deutsche Telekom target enterprises with PaaS, public cloud launches
https://eurocomms.com/industry-news/12525-bt-deutsche-telekom-target-enterprises-with-paas-public-cloud-launches


More News

Iliad enters content game in France, finally launches Italian mobile business Iliad enters content game in France, finally launches Italian mobile business Iliad has acquired football rights in France and launched its opco in Italy as it looks to reboot after a disappointing set of financial results. More detail
Three UK appoints new CCO, CFO Three UK appoints new CCO, CFO The departure of Three UK's Chief Commercial Officer after just 18 months in the job has triggered a shake-up of the mobile operator's top team. More detail
TalkTalk to sell enterprise customer base to Daisy as it registers full-year loss TalkTalk to sell enterprise customer base to Daisy as it registers full-year loss TalkTalk has agreed to sell 80,000 business customers to rival Daisy Group in a £175 million deal. More detail
A1 Telekom Austria Group rebrand reaches Bulgaria A1 Telekom Austria Group rebrand reaches Bulgaria Bulgaria is the third A1 Telekom Austria Group opco to get rebranded as the telco looks to market itself as a provider of "advanced" IT, IoT, cloud and content services. More detail
Orange Business Services puts IoT to use on saving ships’ fuel costs Orange Business Services puts IoT to use on saving ships’ fuel costs Orange Business Services has expanded its work with Dobroflot by developing a customised IoT solution for the Russian fishing company. More detail
    

 

European Communications is now
Mobile Europe and European Communications

  

From June 2018, European Communications magazine 
has merged with its sister title Mobile Europe, into 
Mobile Europe and European Communications.

No more new content is being published on this site - 

for the latest news and features, please go to:
www.mobileeurope.co.uk 

 

@eurocomms