Reuters
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FRANKFURT (Reuters) -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.
(Writing by Thomas Escritt; Editing by Nia Williams)
