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Airbus proposes Rene Obermann as next chairman from 2020

Published 04/10/2019, 08:49 AM
Updated 04/10/2019, 08:50 AM
© Reuters. FILE PHOTO:  Deutsche Telekom CEO Obermann attends news conference to present a joint initiative for encrypted email with United Internet in Berlin

AMSTERDAM (Reuters) - European planemaker Airbus said it would propose former Deutsche Telekom (DE:DTEGn) chief Rene Obermann as its next chairman starting from 2020, completing the shift to what current chairman Denis Ranque called a "new generation of management".

Obermann was chief executive of Deutsche Telekom from 2006 to 2013. He is currently a managing director of private equity investor Warburg Pincus and had been seen in Berlin as the favorite of the German government for the post.

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