The boss of the amalgamation of Orange and T-Mobile has handed in his resignation and will step down in August.
A year ago, when T-Mobile and Orange came together under the banner of Everything Everywhere, they created an enormous company with over 30 million subscribers. Just over a year on and the man charged with driving this new company forward, Tom Alexander, has announced his resignation.
The reason for Alexander leaving the company has not been made clear, but reports suggest that the two main shareholders, France Telecom and Deutsche Telekom, have been unhappy with the speed at which streamlining and change has been taking place within Everything Everywhere.
When Alexander took over as CEO in May of last year, he took charge of 16,500 full time employees (11,626 Orange, 4896 T-Mobile) and 700 stores nationwide (420 Orange, 293 T-Mobile). At the time merger, it was speculated that streamlining would take place including the companies sharing masts in order to reduce the amount needed. The two main shareholders had been hoping for $3.5 billion in savings as a result of the merger but this has clearly not been delivered. In the first three months of 2011, Everything Everywhere saw a fall in users and a two percent drop in earnings.
In a statement today, Alexander was complimentary about his time at Everything Everywhere but gave no indication if he resigned of his own volition or if he had been pushed: "It's been my privilege to serve Everything Everywhere these past 12 months, and Orange before that. There is never an easy time to leave a company that you care deeply for but, for personal reasons, I feel now is a good moment to step back."
Olaf Swantee, the head of France Telecom's mobile operations across Europe and a member of the Everything Everywhere board will replace Alexander.