T-Mobile CEO resigns suddenly

29 June, 2012 - 10:17
Philipp Humm, who has been CEO of T- Mobile USA for the past two years, has stepped down.

T-Mobile chief operating officer Jim Alling will serve as interim CEO while the company conducts a search for Humm's replacement.

Whilst Humm was at the helm, T-mobile saw a steady decline in the number of subscribers, more than half a million in this year's first quarter alone. He also oversaw the doomed merger with AT&T, which regulators blocked over antitrust concerns.

Deutsche Telekom CEO René Obermann: “Now we need somebody who can convert initiatives into market-successes.”

For more on this story: http://www.huffingtonpost.com/2012/06/27/t-mobile-usa-ceo-philipp-humm_n_1631268.html?ncid=edlinkusaolp00000003

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