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TELIA - Telia AB News Story

SEK36.15 0.5  1.3%

Last Trade - 06/05/21

Large Cap
Market Cap £12.38bn
Enterprise Value £20.74bn
Revenue £7.51bn
Position in Universe 55th / 1831

Nordic telecoms group Telia's CEO to stand down

Mon 5th August, 2019 7:26am
STOCKHOLM, Aug 5 (Reuters) - Telia  TELIA.ST  Chief
Executive Johan Dennelind has handed in his resignation and will
leave the company in 2020, having transformed the Nordic
telecoms group's strategy since taking the helm in 2013.
    A rival to Sweden's Tele2  TEL2b.ST  and Norway's Telenor
 TEL.OL , Telia has retreated from central Asian markets to
focus on its seven Nordic and Baltic markets, where it is
seeking new ways to grow. 
    Board Chairwoman Marie Ehrling said Dennelind's leadership
had been crucial and that she and the board regretted his
decision to step down. 
    Dennelind will continue in his position for the time being,
Telia said in a statement, adding that the exact time of his
departure depends on the recruitment of a successor. The search
for a new CEO will begin immediately, it said.
    Telia's ongoing overhaul includes its planned takeover of
television group Bonnier Broadcasting, with the deal currently
being investigated by EU antitrust regulators.*:nL5N22M5R0*:nL8N21D1NT 
    "I will continue in my role to drive our current agenda
forward with full focus and commitment for as long as the board
wants,” Dennelind said in the statement. 

 (Reporting by Anna Ringstrom
Editing by David Goodman)
 ((; +46 8 700 1134; Reuters
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