TELNY Telenor ASA (QX)

By Dominic Chopping

STOCKHOLM--Telenor ASA said Thursday that it has proposed Jens Petter Olsen as the new chair of the board of directors.

The Norwegian telecommunications provider said that Mr. Olsen has extensive experience from the financial sector and capital markets, serving as a board member at DNB Bank ASA since 2019 where he also chairs the risk management committee, and previously held various management positions at Danske Bank AS as well as over 10 years of experience with Norges Bank and Norges Bank Investment Management.

"Gunn Waersted has served as chair of the board of Telenor ASA for more than seven years. In light of her long tenure and the start of a new strategic period, it is natural to do a change now," the company said.

Telenor presented its new strategy toward 2025 late last year, with four separate business areas aimed at building services and supporting profitable long-term growth.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

April 13, 2023 03:56 ET (07:56 GMT)

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