TeliaSonera proposes major board shuffle

TeliaSonera proposes major board shuffle

TeliaSonera has nominated a new board with six of the company’s eight members to be replaced in the wake of a damaging review into the carrier’s Uzbek operations.

The company’s nomination committee, representing 54.2% of votes, said it had worked with “different scenarios” after the decision to appoint law firm Mannheimer Swartling to investigate any irregularities in its Uzbek operations.

“The conclusion of the nomination committee is that TeliaSonera needs a new start in many respects. This conclusion is based on the Committee’s interviews with board members and the former CEO regarding the board’s internal work and the company’s current situation, as well as on the conclusions in the Mannheimer Swartling report and the subsequent external communication by the Board of Directors of TeliaSonera,” said the company in a statement.

The committee has proposed that former Nokia chief Olli-Pekka Kallasvuo and interim president and CEO, Per-Arne Sandstrom keep their positions.

Marie Ehrling, vice chairman of Nordea, Mats Jansson, chairman of the board at Delhaize Group, Tapio Kuula, CEO and president of the Finnish Fortum, Nina Linander, board member at Neste Oil, Martin Lorentzon, founder of Spotify and Kersti Sandqvist, head of corporate sustainability at TeliaSonera have been appointed as new members.

The announcement follows a major reshuffling of the company’s management since the results of the review were first presented earlier this month.

TeliaSonera president and CEO, Lars Nyberg, stepped downand was replaced by CFO, Per-Arne Blomquist, in an interim role.

The carrier’s head of corporate control, Christian Luga, has replaced Blomquist as CFO and Telia also appointed a new head of its Eurasian business, Veysel Aral, the former CEO of Kcell and regional head of central Asia.

The board nominations are in preparation for the company’s annual general meeting on April 3.

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