Deutsche Telekom CEO Said to Hand Off Oversight of US Unit

Deutsche Telekom AG Chief Executive Officer Rene Obermann plans to hand off responsibility for the US unit so he can focus on boosting sales outside traditional phone services, according to a person familiar with the matter.

Chief Financial Officer Timotheus Hoettges will assume oversight of T-Mobile USA on the executive board to allow Obermann to concentrate on new services, including online offerings and telemedicine, said the person, who asked not to be named because the plan isn’t public. The reorganization may be ratified by the supervisory board of the Bonn-based company in December, the person said.