“We can confirm that the first elements of the investigation make us think it was a suicide. It is impossible to say at this stage how long the investigation will take,” said Pierre-Andre Waeber, a police spokesman in Fribourg, told The Guardian.
Schloter joined Swisscom in 2000, and became chief executive in 2006. Previously he had worked for Mercedes, and Debitel in France and Germany, reports The Guardian.
Schloter had recently spoke on personal issues he was having, which included the ending of his marriage, and inability to escape from work, reports The Guardian.
“Swisscom has lost an excellent CEO, and Swiss business a defining personality,” Doris Leuthard, Swiss cabinet minister for the environment, transportation, energy and communications, told Reuters.
SCMWY shares have decreased marginally as of Tuesday evening.