Benedicte Schilbred Fasmer is appointed new President & CEO in
Telenor Group
Oslo (May 23rd 2024) - Telenor Group’s Board of
Directors has appointed Benedicte Schilbred Fasmer as new President
& CEO. Sigve Brekke is stepping down December 1st after more
than 9 years as President & CEO of Telenor.
Telenor’s Board of Directors has carried out an extensive
process to identify the right candidate for the position of
President & CEO, as Sigve Brekke, the current CEO, has a
contract that stipulates retirement at the end of 2024.
"The board has been looking for the most qualified candidate to
lead Telenor and we are pleased that Benedicte Schilbred Fasmer has
agreed to take on this role. Telenor is an institution of great
importance for the 200 million customers in our footprint and for
the societies we empower. We need a CEO with great leadership
skills, who understands how technology will enable us to deliver
secure and superior customer experience and someone who will ensure
profitable growth," says Chair of the Board Jens Petter
Olsen.
The board started the process of finding Sigve’s successor this
winter. As part of this thorough process, several strong internal
and external candidates were considered.
"Benedicte, together with all the talented employees in Telenor,
will continue to deliver great results in the company’s next phase.
Telenor’s financial targets stand firm, and there are no plans for
any strategy shifts. Benedicte’s strong track record from
technology and customer driven companies, and extensive top manager
and board experience have impressed the board, " says
Olsen.
Benedicte Schilbred Fasmer is currently the CEO in SpareBank 1
SR-Bank, which is in the process of executing on the largest
Norwegian banking merger in 25 years. She has previously been
a Group EVP of the insurance company Fremtind Forsikring and a
Group EVP in DNB Bank as Head of Corporate Banking. In addition,
she has significant capital markets experience including private
equity, corporate finance and several banks including Citibank, as
well as from the FMCG industry. Her board experience includes
serving as the Chair of the Oslo Stock Exchange, a member of the
Supervisory Board of the Central Bank of Norway, and being a board
member of Vipps, Norway’s market-leading payment app. Benedicte is
from Bergen, is married and has two children.
“I feel incredibly privileged to be given the opportunity to
lead Telenor, which is in a class-of-its-own when it comes to
profitable growth and customer experience in the European telecoms
industry. I have been working with digital innovation and
transformation for two decades, and in my opinion banking and the
telco industry are facing similar disruptions. I am very much
looking forward to contributing to continued growth and customer
centricity in Telenor, says Benedicte Schilbred Fasmer.
Sigve Brekke has been CEO of Telenor since August 2015. Since
Sigve Brekke’s commencement date, Telenor has outperformed the
S&P European Telecommunications index by 50% on a
dividend-adjusted basis.
"Congratulations to the board on having found a good successor.
Benedicte is taking on one of the most exciting and challenging CEO
positions in Norway. I’ve had fun at work every single day, and it
is a great privilege to be CEO of an organization like Telenor,
with so many talented employees. I’ll give full throttle the last
few months, then I’m looking forward to welcoming Benedicte to
Telenor," says Sigve Brekke.
Telenor is currently the only operator with a solid footprint in
all Nordic markets and has delivered 5 percent mobile service
revenue growth in the Nordic region for six consecutive
quarters.
"Sigve has done a terrific job on behalf of Telenor for several
decades. His nine years as CEO have been a very demanding period
for European telcos. Nevertheless, the company has grown and
outperformed the industry," says Olsen.
CV Benedicte Schilbred Fasmer
Jan 2021- CEO in SR-Bank
ASA (OSE: SRBNK)
2020
GEVP in Fremtind Forsikring, Corporate Banking
2015-2020 GEVP in
DNB Bank ASA, Corporate Banking (OSE: DNB)
2011-2015 Argentum Asset
Management
2007-2011 GEVP Sparebanken
Vest, Capital Markets & Treasury
2002-2007 Rieber & Søn
ASA, Group Treasury & Investor Relations
2001-2002 Pareto Securities
ASA, Corporate Finance Advisor
2000
Nautopolis.com, Country Head Norway
1991-2000 Citibank, VP
Board Experience (selection)Has held the role
of Chair in SpareBank 1 Gruppen, Fremtind Forsikring, Finance
Norway, Oslo Stock Exchange. Board member in Vocalink Ltd, Norges
Bank (Central Bank of Norway), Entra, Vipps, Norwegian Air Shuttle,
Sevan Drilling, Vesta Forsikring, Fana Sparebank.
Contact for media and investors: Frank Maaø,
SVP Capital Markets & Investor Relations, tel: +47 91 67 40
45 Thomas Midteide, SVP Group Communications, tel: + 47 96 23
20 17 David Fidjeland, Head of Media Relations, tel: +47 93 46 72
24
- Benedicte Schilbred Fasmer
- Benedicte Schilbred Fasmer
- Sigve Brekke, Jens Petter Olsen and Benedicte Schilbred
Fasmer
- Benedicte Schilbred Fasmer is appointed new President & CEO
in Telenor Group
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