The CEO of Telekom Austria Group (TAG’s) home market brand A1 has quit less than 18 months after taking the role.

Margarete Schramböck left the company by “mutual agreement” on Monday (16 October), with CTO Marcus Grausam stepping into the role while a permanent successor is sought.

Reports in the Austrian press suggested a rift between Schramböck and TAG CEO Alejandro Plater. At the time of publication, TAG had not responded to a request for comment on the reasons for Schramböck’s departure.

In a statement, Plater said: “Margarete has significantly contributed to the success of our company and has together with me and the leadership team founded the basis for the further transformation of the Group.

“With her digital knowledge and her leadership skills she was an important member of our leadership team. We thank her and wish her all the best for her future.”

A flurry of executives left Telekom Austria Group in the wake of América Móvil taking a controlling stake in the operator in 2014, including its then CEO, CTO, Director of Communications and HR and Regulatory chief.

Schramböck's departure comes as TAG prepares to roll out the A1 brand, active in Austria since 2010 and Slovenia since April this year, to the six other countries where it operates.

It also comes ahead of TAG’s Q3 results announcement next week, after Q2 saw sales rise 2.5 percent at the then Schramböck-headed Austrian operation.

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