Deutsche Telekom's chief executive resigns

Deutsche Telekom chief executive Mr Ron Sommer faces a cliffhanger vote of confidence today as the company's supervisory board…

Deutsche Telekom chief executive Mr Ron Sommer faces a cliffhanger vote of confidence today as the company's supervisory board was split ahead of a meeting called to decide his fate.

Deutsche Telekom chief executive Mr Ron Sommer has resigned with immediate effect.

The company's supervisory board is yet to make a decision on his successor.

Mr Sommer said he didn't believe the supervisory board stood behind him and his strategy any more.

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He said: "If a management board chairman does not have the full trust of the supervisory board... resignation is the only step."

Mr Sommer says the management board has approved a further cost-cutting programme in order to cut the company's net debt more quickly.

His position was on the line at an emergency board meeting of the German phone giant.

PA