January 3, 2020 / 6:14 AM / 6 months ago

Sunrise's Swantee, Kurer quitting after failed takeover bid

ZURICH, Jan 3 (Reuters) - Sunrise Communications Chief Executive Olaf Swantee resigned and Chairman Peter Kurer will not run for re-election after the Swiss telecommunications company failed in its $6.3 billion bid to buy the Swiss unit of Liberty Global.

Chief Financial Officer Andre Krause succeeds Swantee as the new CEO, effective immediately, Sunrise said in a statement on Friday. Also leaving the board is Vice Chairman Peter Schoepfer, who like Kurer declined to stand for election for another term after a shareholder revolt last year blocked Sunrise's move to buy Liberty Global unit UPC Switzerland. (Reporting by John Miller Editing by Shri Navaratnam)

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