Tele Columbus AG appointed Dr. Daniel Ritz as Chief Executive Officer (CEO) and Member of the Management Board effective per 01 February 2020. As announced on 16 December 2019, Timm Degenhardt decided not to prolong his contract which was scheduled to end on 31 August 2020. He will step down as CEO per 31 January 2020 and Member of the Management Board per 31 March 2020 to enable a smooth handover.