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T-Online CFO resigns
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September 27, 2000: 9:51 a.m. ET
ISP suffers third senior executive departure in five weeks; shares tumble
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LONDON (CNNfn) - Shares in Europe's largest Internet service provider T-Online International AG suffered a fresh blow Wednesday as the company's chief financial officer resigned, the third senior executive to quit the German firm in just over a month.
Christian Hoening resigned for personal reasons, said T-Online (ATOI), which named Rainer Beaujean to replace Hoening. Beaujean is currently the assistant to parent company Deutsche Telekom AG's finance director Karl-Gerhard Eick,
Deutsche Telekom (FDTE) owns 81.7 percent of T-Online, which has some 6 million subscribers.
 T-Online stock plunged 5.4 percent to  24.69 in Frankfurt, while Deutsche Telekom slipped 0.5 percent to 38.22.
Wolfgang Keuntje, who had headed T-Online and its predecessor company since 1996 and oversaw it through Europe's largest Internet IPO in April, quit on Aug. 25. Last week saw the resignation of Ralf Eck, T-Online's management board member responsible for marketing. 
-from staff and wire reports
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