Telenor ASA — Board/Management Information 2015

Dec 17, 2015

Gunn Wærsted elected as new Chair of the Board of Telenor ASA

Gunn Wærsted elected as new Chair of the Board of Telenor ASA

The Corporate Assembly of Telenor ASA has on 17 December

2015 elected Ms. Gunn Wærsted as Chair of the Board of

Directors of Telenor ASA. Wærsted will assume her position

on 14 January 2016.

«The Nomination Committee has conducted a thorough

assessment of potential candidates for the role as Chair of

the Board of Directors of Telenor ASA. Gunn Wærsted's solid

management and board competencies and strategic experience

will contribute to further develop Telenor as one of the

world's leading mobile operators", said Anders Skjævestad,

Chair of the Corporate Assembly and of the Nomination

Committee.

Gunn Wærsted (born in 1955) is Executive Vice President and

member of the Group Executive Management in Nordea Bank and

Country Senior Executive in Nordea Bank Norway. During her

career, she has held a number of senior executive positions

within banking and insurance, among these are positions as

CEO of SpareBank 1 Gruppen and the SpareBank 1 Alliansen,

Group Executive Vice President of DNB and CEO of Vital

Forsikring.

Wærsted is Chair of the Board of Petoro and has previously

been a board member of Statoil, Statkraft and Ferd Holding.

Wærsted holds a Master of Business and Administration from

BI Norwegian Business School. Wærsted is a Norwegian

citizen.

«Telenor is one of the leading mobile operators in the

world, with a unique position and 200 million customers in

13 markets, including a strong position in the home market.

I am looking forward to continue Telenor's fantastic growth

and value creation. As the new Chair of the Board I will

thoroughly familiarize myself with the opportunities and

challenges the company is facing, as well as getting to know

the board, the management and the company", said Gunn

Wærsted.