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Deutsche Telekom looking for a new chief?

Deutsche Telekom’s chief executive Kai-Uwe Ricke is expected to reveal a new strategy to the embattled German incumbent’s supervisory board tomorrow (Friday) as the clock ticks on the remainder of his contract.

As Telecoms.com reported earlier this month, several major DT shareholders are unhappy with Ricke’s performance and German press reports go as far as to suggest that a search for his successor is already underway.

DT was forced to cut its operating income and sales forecasts for 2006 and 2007 as the company struggles to deal with the increasingly tough market conditions in Germany. Ricke is, according to reports in the German press, expected to launch a major product and pricing strategy at the IFA consumer electronics trade fair in Berlin.

The reports suggest Ricke to unveil significant cuts ob combined broadband DSL, fixed-line and mobile phone services as well as a suite of new product families.

Ricke’s contract with DT expires in the autumn of 2007.


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