Telekom Austria is to lose its longstanding CEO Hannes Ametsreiter as of 31 July, the company announced today. The executive, the company said, had requested a “mutually agreed premature termination of his contract”
Ametsreiter, who will step down…
Telekom Austria is to lose its longstanding CEO Hannes Ametsreiter as of 31 July, the company announced today. The executive, the company said, had requested a “mutually agreed premature termination of his contract”
Ametsreiter, who will step down at the next planned supervisory meeting, received an offer too good to decline, an insider explained. Employees, continued the insider, were “astonished” that their popular chief was to leave after a 20 year stint at the company.
The supervisory board will immediately start its search for a replacement, and if one is not found before the supervisory meeting on 31 July, current COO and Deputy CEO Alejandro Plater will become interim CEO.
Plater was appointed by Telekom Austria majority owner America Movil, but the CEO role is decided by the Austrian government, a spokesperson explained.
Wolfgang Ruttenstorfer, Chairman of the Supervisory Board, credited Ametsreiter with “running the business through quite challenging times, also in the transition phase of Telekom Austria Group becoming an affiliate of América Movíl. His work is also well recognized internationally and the strong market position, which Telekom Austria Group has gained under his guidance, deserves appreciation…Personally I wish Hannes Ametsreiter all the best for his private and professional future.”
Ametsreiter is credited with turning the company around and implementing a convergence strategy in six out of its eight markets, primarily in Central and Eastern Europe.
