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MarketScreener Homepage  >  Equities  >  Oslo Bors  >  Telenor ASA    TEL   NO0010063308

TELENOR ASA

(TEL)
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Telenor Group announces CEO changes in Asian subsidiaries

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01/16/2020 | 05:01am EDT

(Fornebu, 16 January 2020) Telenor Group today announces new Chief Executive Officers in three of its Asian subsidiaries; Telenor Myanmar, dtac in Thailand and Grameenphone in Bangladesh.

Sharad Mehrotra, CEO of Telenor Myanmar, has been appointed the new CEO of dtac, Telenor Group’s mobile operator in Thailand. He replaces Alexandra Reich, who is seeking new leadership opportunities. Hans Martin Hoegh Henrichsen, currently Chief Corporate Affairs Officer in Telenor Myanmar, will become acting CEO after Mehrotra. Grameenphone’s deputy CEO and CMO, Yasir Azman has been appointed the new CEO of the Bangladeshi operation, with current CEO Michael Foley relocating to Africa, where his family is based.

“After leading our Thai mobile operator through a challenging transition including new spectrum and network rollout and a renewed focus on customer satisfaction and distribution excellence, Alexandra Reich has delivered solid results according to the back-to-growth strategy outlined in dtac’s Capital Markets Day in June 2019. We are grateful to Reich for her willingness to step in and support dtac in the very important transformational phase, and we wish her all the best in her next leadership role. With Reich seeking new opportunities, we are pleased that Sharad Mehrotra will join dtac and bring valuable insights and knowledge to Thailand from Myanmar and India, where he has managed a strong commercial turnaround,” says Sigve Brekke, President and CEO of Telenor Group.  

“I am also pleased Yasir Azman has accepted the challenge to lead our operations in Bangladesh. While also serving as deputy CEO, he has run one of our best performing sales and distribution organisations in Telenor Group. Having risen through the ranks, it’s extra special to welcome Azman as the first home-grown CEO of Grameenphone. I’d like to take this opportunity to thank Michael Foley for leading the company through an impressive digital transformation as well as his valuable contributions also in Pakistan and Bulgaria,” adds Brekke.

The changes are effective as of 1st February 2020.

Press contact:
Hanne Knudsen, VP, Telenor Group Communications
M: +4790804015 | hanne.knudsen@telenor.com
For high resolution images, visit our multimedia gallery.

Bios:

Sharad Mehrotra has served as CEO in Telenor Myanmar since 1 August 2018. In his ten years in Telenor, he has also served as CEO of Telenor India and as the first CMO in Telenor Myanmar. Mehrotra has background from companies such as Aircel, Ericsson and BPL Telecom in India. Mehrotra will report to Albern Murty, EVP and Head of Telenor Group’s Developed Asia Cluster.

Yasir Azman has served as CMO of Grameenphone since June 2015 and also as deputy CEO of the company since May 2017. Before this, Azman was Telenor Group's Head of Distribution & eBusiness and worked across all Telenor operations. Azman will report to EVP and Head of Telenor Group’s Emerging Asia Cluster, Irfan Wahab Khan. High resolution image of Yasir Azman can be downloaded here.

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© GlobeNewswire 2020
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Sales 2020 127 B 13 368 M 13 368 M
Net income 2020 13 450 M 1 421 M 1 421 M
Net Debt 2020 110 B 11 639 M 11 639 M
P/E ratio 2020 14,9x
Yield 2020 6,48%
Capitalization 197 B 20 783 M 20 842 M
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EV / Sales 2020 2,43x
Nbr of Employees 20 000
Free-Float 44,0%
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