This content is not available in your region

Airbus proposes Rene Obermann as next chairman from 2020

Access to the comments Comments
By Reuters
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)

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)