Olaf Swantee, CEO of Swiss telecommunications company Sunrise, steps back and will be replaced by André Krause, currently CFO, with immediate effect.
No details were given on the reason for the resignation, but it is likely that the failed takeover of cable operator UPC Switzerland from Liberty Global played a role in the decision. Swantee will support Krause until the annual general meeting in April 2020 to ensure a smooth leadership transition.
Furthermore, Peter Kurer and Peter Schöpfer have decided not to stand for re-election as chairman and vice-chairman of the company at the 2020 annual general meeting.
