CEO and chairman of Swiss telecom firm Sunrise quit after failed Liberty Global deal GlobeBusiness
CEO Olaf Swantee, left, and chairman Peter Kurer of Swiss telecom company Sunrise attend the company's annual shareholder meeting in Zurich on April 10, 2019.Sunrise Communications chief executive Olaf Swantee has quit and Chairman Peter Kurer said he will not run for re-election after a shareholder uprising blocked the group’s $6.3 billion bid for Liberty Global’s Swiss cable unit.
“In the past weeks Freenet has spoken with him about potential changes, and he made it clear that he sees a successful future for Sunrise as a stand-alone company. This convinced us,” Freenet said of Krause. “Management and the board – with the exception of the Freenet representative – were firmly convinced that the takeover of UPC was the best plan, but that does not mean Sunrise cannot be successful on its own, too,” the spokeswoman said.
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