T-Mobile US boss set to leave post early: Report
HighlightsMike Sievert, the Chief Executive Officer of T-Mobile U.S., is reportedly planning to step down before the end of his current contract, according to German newspaper Handelsblatt. Senior Vice President Srini Gopalan, formerly head of Deutsche Telekom's Germany business, is considered a leading candidate to succeed Mike Sievert as Chief Executive Officer. Despite facing challenges, T-Mobile U.S. has experienced significant growth in revenue and profit, prompting Deutsche Telekom to raise its earnings targets multiple times.
The head of
T-Mobile
U.S. , the fast-growing and profitable subsidiary of
Germany
's
Deutsche Telekom
, is due to step aside before the end of his current contract, German newspaper Handelsblatt reported on Monday.
Handelsblatt reported
Mike Sievert
, who has headed the mobile operator since 2020, wanted to take a break and that Chief Operating Officer
Srini Gopalan
, until recently head of Deutsche Telekom's Germany business, was a leading candidate to succeed him.
The chief executive would step down this year or next, the newspaper added.
"We don't comment on rumors or speculation," said a spokesperson for T-Mobile U.S., adding Sievert "loves his job ... Mike and the board are delighted that we have recruited Srini to join our team as COO and bring his experience to our business."
Deutsche Telekom did not immediately respond to a request for comment on the report.
Previously facing troubles, T-Mobile has become a revenue and profit driver in recent years. Thanks to strong figures from the U.S. mobile operator, Deutsche Telekom has raised its earnings targets several times.
T-Mobile U.S. customer growth fell short of expectations at the beginning of the year due to an intensified price war. The subsidiary nonetheless aims to win 5.5 to 6 million new users by 2025.
Sievert, who joined T-Mobile as marketing head in 2012, had been due to remain in post until 2028.
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