By Kim Richters

Deutsche Telekom AG said Wednesday that management-board member Dirk Woessner is leaving the company when his contract expires on Dec. 31, 2020.

Mr. Woessner is also serving as managing director of the telecommunications company's German business Telekom Deutschland GmbH, the company said.

"He will become chief executive of a fast-growing software company from 2021," the company said, without specifying.

Deutsche Telekom has started the search for Mr. Woessner's successor, it said.

Write to Kim Richters at kim.richters@wsj.com

(END) Dow Jones Newswires

February 12, 2020 08:27 ET (13:27 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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