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Tele Columbus CEO to step down in 2020

Timm Degenhardt will end his term as CEO of Tele Columbus AG on Aug. 31, 2020.

Degenhardt decided not to extend his contract due to changes in the supervisory board of the German company, which is doing business as PYUR, according to a news release.

The supervisory board accepted the CEO's request and will appoint a replacement in due course.