Swisscom CEO Carsten Schloter found dead

Summary:The suspected suicide is an additional blow to the company as it copes with slowing demand for its services.

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Photo: Swisscom

The chief executive officer of telecommunications giant Swisscom, Carsten Schloter, was found dead at his home today, according to various news reports.

Police suspect the cause of death is suicide.

Schloter, 49, was Swisscom's CEO for seven years. Urs Schaeppi, head of the company's Swiss business, was named interim CEO.

He "successfully positioned Swisscom in a highly competitive and rapidly changing market," Swiss Transport Minister Doris Leuthard said in a statement.

Schloter, a German citizen, joined the company in 2000. As chief executive, he led the 4.6 billion euro (approx. US$6 billion) purchase of Italian fixed-line provider Fastweb in 2007 in an attempt to reverse declining growth at the company, accelerated by increasing carrier competition—and declining prices—on the European continent. The turnaround never quite happened.

Topics: Telcos

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Andrew Nusca is a former writer-editor for ZDNet and contributor to CNET. He is also the former editor of SmartPlanet, ZDNet's sister site about innovation. He writes about business, technology and design now but used to cover finance, fashion and culture. He was an intern at Money, Men's Vogue, Popular Mechanics and the New York Daily Ne... Full Bio

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