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Airbus proposes Rene Obermann as next chairman from 2020

Airbus proposes Rene Obermann as next chairman from 2020
FILE PHOTO: Deutsche Telekom CEO Rene Obermann attends a news conference to present a joint initiative for encrypted email with United Internet in Berlin August 9, 2013. REUTERS/Thomas Peter   -   Copyright  Thomas Peter(Reuters)
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AMSTERDAM (Reuters) – European planemaker Airbus said it would propose former Deutsche Telekom 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 favourite of the German government for the post.

(Reporting by Tim Hepher; Editing by Sudip Kar-Gupta)

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