Telenor has slimmed down its executive structure in a reorganisation the Norwegian telecommunications company says will help its to transition into a more integrated global company and to deliver on its digital strategy.
Patrik Hoffbauer, CEO of Telenor Broadcast Holding and EVP and CEO of Telenor Sweden and his Norwegian counterpart Jesper Hansen are among nine executives stepping down from Telenor’s Group Executive Management team. The business unit CEOs will continue to be CEOs of their respective business units.
Former Conax boss Berit Svendsen, becomes EVP and Head of Scandinavian Cluster.
“In 2015, we included the business unit CEOs into the Group’s executive management to ensure a closer connection with customers and the development of a unified global strategy. With the changes announced today, we are taking the next step and continue to evolve into a more global company, leveraging economies of scale and driving innovation across Telenor,” says Sigve Brekke, President and CEO of Telenor Group.
Telenor Group’s business units will be organised into four clusters: Scandinavia, Central and Eastern Europe, Emerging Asia and Mature Asia. Each cluster will be led by a Cluster Head, reporting to the Group President and CEO.