18 May 2018
| Alan Burkitt-Gray
Danish incumbent TDC is looking for a new CEO after Pernille Erenbjerg said she would step down at the end of 2018.
The company has appointed UK-based businessman Mike Parton
to oversee the process as interim chairman. Parton is stepping
down from his current role as chairman of Swedish operator
Tele2 as from 21 May. Tele2 is being merged with cable operator
The change in TDC’s management follows its
takeover – completed in April – by a
consortium led by Danish pension agency PFA. Allan Polack, the
CEO of PFA, said: "Mike’s wealth of experience
speaks for itself and we have full confidence in his ability to
help oversee our transformational growth plans for TDC."
Erenbjerg said: "I feel a strong sense of duty to assure that
the company undergoes this next transition phase in the best
possible way, which is why I have agreed with the new board of
directors to stay on as CEO in a transition period to help
implement the new strategy and business structure."
TDC said: "Pernille has been CEO since end of 2015, and has
been the architect and driving force behind the turn-around
strategy that has taken TDC group from double digit EBITDA
decline to organic growth."
TDC said it Parton’s successor as chairman would
be "a longer term chairman with a strong Danish presence,
network and track record", but gave no hints as it who it would
be – or who the new CEO would be.
As well as chairing TDC, Parton is also chairman of UK-based
tower company Arqiva. He came to fame in the telecoms industry
as CEO of equipment company Marconi in the early 2000s and then
ran Telent, carved out of Marconi when the rest was sold to
TDC said that "in the near term, [Parton] will oversee TDC to
help achieve the vision of delivering high-speed internet for
all households and businesses across Denmark".
Parton said: "It is a privilege to lead TDC into the next phase
of its growth and mobilise its leading role in developing
Denmark’s future digital infrastructure"