Incumbent Swisscom plans to appoint a successor to late CEO Carsten Schloter by the end of the year.
In an interim report on its H1 2013 results, the Swiss telco said its board of directors convened over the past few days to discuss a successor to…
Incumbent Swisscom plans to appoint a successor to late CEO Carsten Schloter by the end of the year.
In an interim report on its H1 2013 results, the Swiss telco said its board of directors convened over the past few days to discuss a successor to Schloter, who was found dead at his home in late July in an apparent suicide.
The board has set up a nomination committee to hire a successor, chairman Hansueli Loosli explained.
Loosli noted that the board has “every confidence” in interim CEO Urs Schaeppi and the rest of the management team.
Mario Rossi will chair the board of directors of Swisscom’s Italian broadband unit Fastweb ad interim, while Ueli Dietiker will become acting chairman of the Swisscom IT services board.
State-controlled Swisscom posted net revenues of SFr5.6bn (US$6bn) for H1 2013, down 0.4% year-on-year. EBITDA was down 5.5% to SFr2.1bn (US$2.3bn).
The company said it expects acquisitions made in H1 this year – namely business operations from Entris, which processes banking transactions, and a majority stake in content trading enterprise Cinetrade – to generate an extra SFr150m (US$162m) in revenues this year. The telco is targeting revenues for the full financial year of more than SFr11.4bn (US$12.3bn) and EBITDA of at least SFr4.25bn (US$4.6bn).
