Telenor ASA — Board/Management Information 2017

Jan 12, 2017

Telenor makes organisational changes

Telenor makes organisational changes

Telenor Group has today announced changes to its

organisational structure and its executive management team

in order to transition into a more integrated global company

and to deliver on its digital strategy. The changes will be

effective from 1 March 2017.

"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 CEO.

The new Services and Operations unit will standardize and

consolidate the development and operations of networks, core

IT platforms, infrastructure and shared services. The new

Products and Customer Interaction unit will focus on

improving and scaling customer innovation by working on

products, customer journeys and analytics.

The announced changes to the organization will not impact

Telenor Group's financial reporting structure.

The new executive management team will consist of:

- Sigve Brekke, President and Chief Executive Officer

- Jørgen C. Arentz Rostrup, EVP and Chief Financial Officer

- Jon Erik Haug. EVP and Head of People

- Wenche Agerup. EVP and Head of Corporate Affairs

- Jon Gravråk, EVP and Head of Digital Businesses

- Morten Karlsen Sørby, EVP and Head of Transformation

- Svein Henning Kirkeng, EVP and Head of Products and

Customer Interaction

- Ruza Sabanovic, EVP and Head of Services and Operations

- Petter-Børre Furberg, EVP and Head of Emerging Asia

Cluster

- Lars Åke Norling, EVP and Head of Mature Asia Cluster

- Alexandra Reich, EVP and Head of Central & Eastern Europe

Cluster

- Berit Svendsen, EVP and Head of Scandinavian Cluster

Gunnar Sellæg, Patrik Hofbauer, Jesper Hansen, Ingeborg

Øfsthus, Michael Foley, Albern Murty, Irfan Wahab Khan,

Sharad Mehrotra and Lars Erik Tellmann will step down from

Telenor's Group Executive Management team. The business unit

CEOs will continue to be CEOs of their respective business

units. The new Cluster Heads will also remain in their

position as local CEOs.

Contact

Glenn Mandelid

Head of Media Relations

Telenor Group

Mobile: +47 92 66 13 00