Telekom Austria Chief Executive Ametsreiter To Leave

   By Natascha Divac 
 

Telekom Austria AG (TKA.VI) said Monday that Chief Executive Hannes Ametsreiter is leaving the company effective July 31 at his own request.

The company said that the supervisory board will address his leaving at its next meeting in July, but didn't make other personnel announcements.

Mr. Ametsreiter joined the mobile business of Telekom Austria 19 years ago, and in the following years held several management positions. He has been CEO since April 2009.

Telekom Austria is now majority-owned by Mexican telecommunications giant America Movil SAB de CV (AMX.MX), which last year raised its stake in the company to just under 60% of all of the shares. Telekom Austria's second-largest shareholder is the Austrian state holding company, which signed an agreement with America Movil giving the Mexican company operational control.

"On behalf of the Supervisory Board I would like to express our thanks to Hannes Ametsreiter for running the business through quite challenging times, also in the transition phase of Telekom Austria Group becoming an affiliate of America Movíl," said Wolfgang Ruttenstorfer, chairman of the supervisory board.

Write to Natascha Divac at Natascha [e-mail]

Subscribe to WSJ: http://online.wsj.com?mod=djnwires