REG-TeliaSonera AB Changes in Group Executive Management of Telia Company <Origin Href="QuoteRef">TELIA.ST</Origin>

Telia ABAnnouncement

14/12/2016 08:15

      Changes in Group Executive Management of Telia Company    
    
      Telia Company will have a revised organizational setup as of January 1,       2017. The main change will be Finland and Norway as part of the Group       Executive Management. The new structure will enhance business focus and       enable us to speed up decision making whilst ramping up execution across       our Nordic/Baltic markets all at the same time while maintaining focus       on our responsible business agenda, says Johan Dennelind, President and       CEO, Telia Company.    
      The Norwegian and Finnish operations will from January 1 be part of       Group Executive Management. Abraham Foss, the current CEO of Norway will       join as well as the new CEO for Finland, Stein-Erik Vellan, who will       replace the current CEO Valdur Laid. The operations in Lithuania,       Estonia and Denmark will form a cluster overseen by Henriette Wendt who       is currently Head of Corporate Development. Henriette remains in Group       Executive Management. All countries will be reported as separate units       to the market and the previous regional layer will now be replaced by       people in the countries and from group functions, enabling further speed       and efficiency.    
      Corporate Holdings Our current shareholding in Turkcell and Megafon will       be managed by a new unit - Corporate Holdings - headed by Robert       Andersson, who is currently head of Region Europe. Robert will in this       new role remain member of Group Executive Management. The Latvian       operations, LMT and Lattelekom, will also become part of the unit as       they are only partly consolidated and Telia Company does not have       operational control. Telia Carrier is a global leading internet backbone       provider and has started to improve earnings and cash flow based on its       new strategy. Telia Carrier is an important part of Telia Company and       will also become a part of the unit. All companies will be separately       reported to the market in accordance with market rules and regulations.       Corporate Development dissolved In the new organizational structure,       Corporate Development will be split into several parts.    
      Corporate Affairs (previously Group Legal Affairs) will be responsible       for Mergers and Acquisitions (M&A), People and Engagement will take on       Sustainability and the CEO Office will be responsible for Group       Strategy, Risk Management, and also overseeing Internal Audit (who       reports to Audit Committee). Ingrid Stenmark, Head of CEO Office, will       become a member of Group Executive Management.    
      Region Eurasia continues to be headed by Emil Nilsson, reporting to       Johan Dennelind who also chairs the internal steering board governing       the region. The clear mandate is to deliver on business priorities and       secure a responsible exit over time.    
      Ethics & Compliance continues to report to the CEO as before.    
      Focus on execution Johan Dennelind, President and CEO, Telia Company,       says: With an increased focus on our operations in the Nordics and       Baltics, this new management structure will enhance transparency and       enable us to ramp up execution across all our markets. The new structure       will also ensure a continued focus and prioritization of responsible       business for Telia Company. I want to take the opportunity to thank       Valdur Laid for his hard work with transformation and laying the       foundation for an exciting next phase for our operations in Finland. I       welcome Stein-Erik Vellan to Telia Company, an appreciated and strong       leader. I am also looking forward to working even closer with our       Norwegian CEO Abraham Foss.    
      The Group Executive Management as of January 1, 2017;    
       President & Chief Executive Officer  Johan Dennelind    
       CEO Office / Strategy & Responsible Business  Ingrid Stenmark, SVP    
       Finance / Finance & Procurement  Christian Luiga, Chief Financial       Officer, EVP    
       Communications and Division X  Peter Borsos, SVP    
       People and Engagement / Human Resources & Sustainability  Cecilia       Lundin, SVP    
       Corporate Affairs / Legal, M&A and Regulatory  Jonas Bengtsson,       General Counsel, SVP    
       Corporate Holdings  Robert Andersson, SVP (currently Head of Region       Europe)    
       Global Services & Operations  Anders Olsson, Chief Operating Officer,       SVP    
       Sweden / Telia Sweden and Skanova  Hlne Barnekow, CEO of Sweden, EVP    
       Denmark and Lithuania and Estonia  Henriette Wendt, Head of Cluster,       SVP (currently Head of Corporate Development)    
       Norway  Abraham Foss, CEO of Norway, SVP    
       Finland  Stein-Erik Vellan, CEO of Finland, SVP    
      This information is information that Telia Company AB is obliged to make       public pursuant to the EU Market Abuse Regulation and/or the Securities       Markets Act. The information was submitted for publication, through the       agency of the contact person set out above, at 08:45 CET on December 14,       2016.    
      For more information, please contact our press office +46 771 77 58 30,       visit our Newsroom(http://www.teliacompany.com/en/newsroom/)       or follow us on Twitter @Teliacompany(https://twitter.com/Teliacompany).    
      Forward-Looking Statements    
      Statements made in the press release relating to future status or       circumstances, including future performance and other trend projections       are forward-looking statements. By their nature, forward-looking       statements involve risk and uncertainty because they relate to events       and depend on circumstances that will occur in the future. There can be       no assurance that actual results will not differ materially from those       expressed or implied by these forward-looking statements due to many       factors, many of which are outside the control of Telia Company. Were       Telia Company, the New Generation Telco. Our 21,000 talented colleagues       serve millions of customers every day in one of the worlds most       connected regions. With a strong connectivity base, were the hub in the       digital ecosystem, empowering people, companies and societies to stay in       touch with everything that matters 24/7/365 - on their terms.       Headquartered in Stockholm, the heart of innovation and technology,       were set to change the industry and bring the world even closer for our       customers. Read more at http://www.teliacompany.com/.    
      This information was brought to you by Cision http://news.cision.com    
View source version on businesswire.com: http://www.businesswire.com/news/home/20161214005448/en/
      TeliaSonera AB