Alexa

Deutsche Telekom taps Henkel CEO Ulrich Lehner to head supervisory board

Deutsche Telekom taps Henkel CEO Ulrich Lehner to head supervisory board

Deutsche Telekom AG said Wednesday that it has chosen Ulrich Lehner, the chief executive of household products manufacturer Henkel KGaA, to take over as chairman of its supervisory board.
Lehner will succeed Klaus Zumwinkel, the former CEO of Deutsche Post AG, who resigned both that post and the chairmanship of Telekom's board this month after becoming entangled in a massive German tax-evasion investigation.
The supervisory board will propose Lehner's election to a shareholder meeting on May 15, Deutsche Telekom said in a statement. Until then, Klaus Schlede will serve as interim chairman.
In Germany, a company's supervisory board is responsible for appointing top managers and endorsing strategic decisions. Its management board is in charge of day-to-day operations.
Lehner plans to step down as Henkel CEO in April when he reaches that company's retirement age of 62.
Deutsche Telekom said that he also sits on the board of directors of Swiss drug maker Novartis AG, and on the supervisory boards of German utility E.On AG, steelmaker ThyssenKrupp AG and automaker Porsche AG, as well as HSBC Trinkaus & Burkhardt AG.


Updated : 2021-04-18 02:42 GMT+08:00