Timotheus Höttges
Tim (Timotheus) Höttges (born September 18, 1962 in Solingen ) is a German manager and CEO of Deutsche Telekom AG . Previously, he was the company's CFO from March 1, 2009 to December 31, 2013.
Professional background
Timotheus Höttges studied business administration at the University of Cologne .
Mummert + Partner
In 1989 Höttges joined the management consultancy Mummert + Partner in Hamburg , where he last worked as a project manager in the “Services” division.
VIAG AG
In 1992 he moved to VIAG AG in Munich , where he worked in various commercial functions. In addition to positions in consulting / auditing, this included positions in investment management, controlling and corporate planning. From 1997 he was responsible for controlling and corporate planning as a division manager and later as a general representative. In this function he was also in charge of the Mergers & Acquisitions division , where he was most recently significantly involved in the implementation of the merger of VIAG AG and VEBA AG to form E.on AG , which came into effect on September 27, 2000.
Deutsche Telekom AG
Joined T-Mobile in 2000
At the instigation of Karl-Gerhard Eick, the then CFO of Deutsche Telekom, Höttges was appointed Managing Director of Finance and Controlling on June 30, 2000 by the Supervisory Board of T-Mobile (now T-Mobile Deutschland, now part of Telekom Deutschland GmbH ). The then 37-year-old Höttges succeeded Michael Günther on September 1, 2000, who had already been appointed CFO of the new holding company T-Mobile International AG & Co. KG on February 1, 2000. It was here that he first met René Obermann, then Chairman of the Management Board of T-Mobile Deutschland GmbH.
Promotion to T-Mobile International in 2002
In April 2002, Höttges followed René Obermann to this post, who in turn succeeded his mentor Kai-Uwe Ricke to the executive chair of T-Mobile International. In his role as head of T-Mobile Germany, Höttges was already a member of the European Management Team at T-Mobile International. On January 1, 2003, he also took over the “Sales and Service Operations” department on the Executive Board of T-Mobile International. Since January 1, 2005, Höttges has concentrated on his board duties at T-Mobile International and handed over the management of T-Mobile Germany to Philipp Humm . As Chief Sales and Service Officer (CSSO) he was responsible for sales activities and customer care in the European T-Mobile majority companies in Germany, Great Britain, the Netherlands, Austria and the Czech Republic. In addition, Höttges was appointed head of the international savings program “Save for growth”. The aim of the program was to save one billion euros in operating costs by the end of 2006.
Board member for Broadband / Fixed Network from 2006 to 2009
As part of the realignment of the Deutsche Telekom Group by the new CEO René Obermann , Höttges was appointed Board Member Broadband / Fixed Network ( T-Com , now merged with T-Online to form T-Home) on December 5, 2006 , and took on group-wide responsibility for sales and services in Germany. In March 2008, Höttges caused some irritation in the course of his presentation of the German business with unexpected statements about expected declines in sales. The T-Share lost fourteen percent of its value within a few minutes.
Chief Financial Officer of Deutsche Telekom AG from 2009 to 2013
In February 2009, the Supervisory Board of Deutsche Telekom approved Obermann's proposal and appointed Höttges as the new CFO. He succeeded Karl-Gerhard Eick in early March. 52 days after Höttges' move from Germany to finance, Deutsche Telekom shocked the markets on April 21, 2009 with a profit warning. The price of the Telekom slumped by more than 10 percent to as low as € 8.66. The reason was the wrong assessment of the foreign markets in the USA, UK and Poland. After this initial shock, he was able to restore his reputation on the capital markets through the following services, among other things: His signature bears the three-year dividend promise of Deutsche Telekom, the transfer of the ailing mobile communications business in Great Britain to a joint venture with France Telecom, the takeover of the remaining shares of the Polish subsidiary PTC. He was also jointly responsible for ending all related legal disputes and for the contract with AT&T for the sale of T-Mobile USA for $ 39 billion, which was announced in March 2011, but which was prohibited by the regulatory authorities. Due to an agreement reached during the sales process, AT&T was obliged to pay T-Mobile USA $ 3 billion "breakup fee" and to make mobile radio frequencies available. This agreement forms the basis for the merger with the mobile communications provider MetroPCS 2013 and the new positioning of T-Mobile USA as a "un-carrier".
From his predecessor Eick, Höttges also took over the chairmanship of the organizing committee of the International L. v. Beethoven Competition for Piano in Bonn , which is organized every two years by Deutsche Telekom.
CEO of Deutsche Telekom AG since 2014
On December 20, 2012, the previous CEO of Telekom, René Obermann , announced his resignation for the end of 2013. Höttges succeeded him in early 2014.
During his time as CEO there were various realignments, including a. with service in Germany, with the subsidiary T-Systems, with the establishment of T-Security as a separate division for cybersecurity as well as with the creation of a separate board department for corporate development and the USA under Thorsten Langheim. He rebuilt the Telekom board of directors by appointing Dirk Wössner for the Germany department, Birgit Bohle for the HR department, Adel Al-Saleh for T-Systems and Srini Gopalan for the Europe department. In 2019, Telekom recorded growth in earnings before tax (EBITDA) in all of the Group's segments for the first time in years. Höttges also invested in the growth of T-Mobile USA , which is now one of the Group's largest profit makers.
Also under Höttges as CEO, Sprint was bought by T-Mobile in the USA, UPC Austria was bought by T-Mobile Austria and renamed Magenta Telekom and Tele2 Netherlands was bought by T-Mobile Netherlands . The influx in Austria followed Höttges' strategy of developing Telekom in Europe into an integrated provider of fixed network and mobile communications.
In Germany, Höttges is focusing on accelerated network expansion and increased investments from four billion euros in 2013 to five billion euros most recently (group-wide around 13 billion euros). In addition, under Höttges, Telekom is increasingly relying on collaborations in the expansion of both mobile communications and the expansion of fiber optics (FTTH).
Höttges modernized the corporate headquarters of Telekom in Bonn, but dispensed with a new building, which was also discussed.
Board member at FC Bayern Munich
Höttges is a member of the supervisory board of FC Bayern Munich . In his position, he supported the decision made by the Supervisory Board to maintain the offices of Ulrich Hoeneß, who was convicted of tax evasion, at FC Bayern Munich.
Supervisory board at Henkel
Höttges has been a member of the Henkel Supervisory Board since April 11, 2016 .
Supervisory board at Daimler
Höttges has been a member of the Supervisory Board of Daimler AG since July 8, 2020.
criticism
At the annual meeting of the Schmalenbach-Gesellschaft für Betriebswirtschaft on April 14, 2011 in Cologne on the subject of “Reform considerations on corporate governance and auditing in the EU”, Höttges gave a lecture entitled “A group's expectations of auditors using the example of a tender for auditing of Deutsche Telekom AG '". In it he announced that the supervisory board had commissioned him to select an auditor and admitted frankly that he had considered almost only the criteria of the board of directors: the auditor had to give him, the chief financial officer, "around the clock, seven days a week" are available, have “a deep understanding of the Telekom business model” and the telecommunications market and actively advise the management board in current decision-making situations “in order to avoid liability issues”. He was heavily criticized for this because, according to the Corporate Governance Codex, the Supervisory Board has to select the auditor. This is to ensure the necessary independence of the auditor, whose task it is to review the management and who is not an auxiliary body of a board of directors. The Börsenzeitung ran the headline on this incident with “Mr. Höttges and his choirboys”. The Telekom supervisory board nevertheless stated that the company had complied with the rules of the Corporate Governance Codex in 2011. Höttges has not yet commented publicly on the incident.
Private life
Höttges is married, has two sons and lives with his family in Bonn Bad-Godesberg. He is one of the initiators of the Rheinviertel community foundation in Bonn Bad-Godesberg, which he supports as a member of the board of trustees.
Höttges has been a close personal friend of René Obermann since his early days at Telekom , to whom he was always subordinate to a career level for a long time. The two of them bought a building plot together on the Bad-Godesberger Rheinufer and were temporarily neighbors there.
Awards
- 2014: Marketing Man of the Year
- 2015: World Communication Award
- 2016: Best Annual General Meeting Speaker
- 2017: Best Annual General Meeting Speaker
- 2018: Best Annual General Meeting Speaker
- 2019 Best Annual General Meeting Speaker
- 2019 Appeal of Conscience Award
Web links
- CV on the website of Deutsche Telekom AG
- Article about Timotheus Höttges on faz.net
Individual evidence
- ↑ Handelsblatt dated Feb. 2, 2009 "Höttges, the one with the balancing act"
- ↑ Deutsche Telekom is restructuring the group - Höttges becomes CFO , February 26, 2009
- ↑ price slide: Telekom shocked with profit warning , manager magazin, 21. April 2009
- ↑ T-Mobile gets 7-year roaming deal, AWS spectrum as part of AT & T / T-Mobile breakup fee. In: FierceWireless. Retrieved July 28, 2016 .
- ^ Website Beethoven Competition Bonn
- ↑ Telekom boss Obermann leaves at the end of 2013 , Spiegel from December 20, 2012
- ↑ Deutsche Telekom AG: More service for our customers. Retrieved February 3, 2020 .
- ↑ Deutsche Telekom: Telekom wants to radically downsize T-Systems. Retrieved February 3, 2020 .
- ↑ Telecom trade: Telekom wants to found a security service provider. Retrieved February 3, 2020 (German).
- ↑ Deutsche Telekom AG: Thorsten Langheim takes over the new board department “USA and corporate development”. Retrieved February 3, 2020 .
- ^ Deutsche Telekom AG: Board member of Deutsche Telekom AG. Retrieved February 3, 2020 .
- ^ Deutsche Telekom AG: Financial results. Retrieved February 3, 2020 .
- ↑ boerse.ARD.de: T-Mobile remains the engine of Telekom | Stock news. Retrieved February 3, 2020 .
- ↑ New umbrella brand: Telekom is attacking again in Austria with “Magenta”. Retrieved February 3, 2020 .
- ↑ Deutsche Telekom AG: EU Commission approves acquisition of Tele2 Netherlands by T-Mobile Netherlands without conditions. Retrieved February 3, 2020 .
- ↑ Acquisition or partnership. Retrieved February 3, 2020 .
- ↑ Balance sheet check: Deutsche Telekom wants to invest more than ever before. Retrieved February 3, 2020 .
- ↑ heise online: Mobile radio: network operators cooperate in the expansion. Retrieved February 3, 2020 .
- ↑ Deutsche Telekom AG: Telekom and EWE are allowed to found Fiber Optic Northwest. Retrieved February 3, 2020 .
- ^ Claudia Mahnke: Deutsche Telekom: Open office worlds for the digital era. Retrieved February 3, 2020 .
- ^ FC Bayern München AG, members of the supervisory board. Retrieved April 27, 2019 .
- ↑ Höttges Supervisory Board defends adherence to Hoeneß. May 11, 2013, accessed May 23, 2019 .
- ↑ Supervisory Board. Henkel, accessed May 18, 2019 .
- ↑ Management / Supervisory Board: Timotheus Höttges. Daimler AG, accessed on August 11, 2020 .
- ^ Schmalenbach Gesellschaft: Program of the 2011 annual conference
- ↑ The auditor serves the supervisory board , FAZ on April 15, 2011
- ↑ Mr. Höttges and his choirboys , Börsenzeitung
- ^ Deutsche Telekom: Declaration of Conformity in accordance with Section 161 of the German Stock Corporation Act. (No longer available online.) In: Telekom.com. Archived from the original on July 28, 2016 ; accessed on July 28, 2016 .
- ^ T-Mobile manager Timotheus Höttges: Die All Zweckwaffe , Wirtschaftswoche, December 5, 2006, accessed on January 6, 2016
- ^ Community Foundation Rheinviertel ( Memento from January 10, 2010 in the Internet Archive )
- ↑ HORIZONT Award for Timotheus Höttges, Marco Seiler and Donata Hopfen. In: www.dfv.de. Retrieved July 24, 2016 .
- ↑ Höttges best general meeting speaker ;. Retrieved August 10, 2016 .
- ↑ About champions and missed premieres. Retrieved June 17, 2017 .
- ↑ Which CEO gives the best speeches?;. Accessed May 31, 2018 .
- ↑ Telekom CEO Tim Höttges is the best speaker. Retrieved November 8, 2020 .
- ↑ Annual Awards /. Retrieved February 3, 2020 .
Current members: Timotheus Höttges (Chairman) | Adel Al-Saleh (T-Systems) | Dirk Wössner (Germany) | Thomas Dannenfeldt (Finance) | Christian Illek (Staff) | Thomas Kremer (data protection) | Claudia Nemat (Europe)
Former members: Manfred Balz (data protection) | Josef Brauner (Sales) | Detlev Buchal (product marketing) | Karl-Gerhard Eick (Finance) | Jeffrey A. Hedberg (International) | Max Hirschberger (Operating Office) | Hagen Hultzsch (Technology / Services) | Guido Kerkhoff (Southeast Europe) | Heinz Klinkhammer (Personnel) | Edward Kozel (CTIO) | Joachim Kröske (Finance) | René Obermann (Chairman, USA) | Walter Raizner (T-Com) | Konrad Reiss (T-Systems) | Kai-Uwe Ricke (Chairman) | Thomas Sattelberger (Personnel) | Marion Schick (staff) | Helmut Sihler (Chairman) | Ron Sommer (Chairman) | Helmut Ricke (Chairman) | Gerd Tenzer (Technology / Networks)
| personal data | |
|---|---|
| SURNAME | Höttges, Timothy |
| ALTERNATIVE NAMES | Höttges, Tim |
| BRIEF DESCRIPTION | German manager |
| DATE OF BIRTH | September 18, 1962 |
| PLACE OF BIRTH | Solingen |