Deutsche Telekom has signed up IBM Germany veteran Walter Raizner to head up its T-Online division, amidst an executive shakeup at the ISP unit.
Raizner, previously CEO of IBM Deutschland, will join Deutsche Telekom’s board of management as board member responsible for broadband and fixed line. He will succeed Kai-Uwe Ricke as chairman of the supervisory board of T-Online.
At the same time, Thomas Holtrop will resign from DT’s board of management, and as CEO of T-Online. T-Online’s supervisory board was due to meet this weekend, and to confirm CFO Rainer Beaujean as CEO of the unit.
In its most recent results, released last month, DT said the T-Online International AG Internet unit, in which it owns a 74% stake, recorded an 11.4% rise in sales after using discounts to sign up more clients for high-speed Internet access. However, the powerhouse of DT’s figures is its wireless unit, T-Mobile.