Changes in the Group Executive Management of Telia Company

Telia Company will have a revised organisational setup as of 1 January next year. The main change will be Finland and Norway as part of the group executive management. “The new structure will enhance business focus and enable us to speed up decision making whilst ramping up execution across our Nordic/Baltic markets all at the same time while maintaining focus on our responsible business agenda,” says Johan Dennelind, President and CEO of Telia Company.

Telia Norway and Sonera in Finland will become separate units as of 1 January 2017 and be represented in the group executive management (GEM). Norway will be headed by Abraham Foss who becomes a member of GEM.

Stein-Erik Vellan will replace Valdur Laid as CEO of Sonera in Finland and will also become a GEM-member.

Telia Company’s operations in Lithuania, Estonia and Denmark will form a cluster headed by Henriette Wendt who is currently Head of Corporate Development.

Corporate Holdings
Telia Company’s current shareholding in Turkcell and Megafon will be managed by a new unit - Corporate Holdings - headed by Robert Andersson, who is currently head of Region Europe. Andersson will remain a GEM-member.

The Latvian operations, LMT and Lattelekom, will also become part of Corporate Holdings since they are only partly consolidated and Telia Company does not have operational control.

Telia Carrier, a leading global internet backbone provider and an important part of Telia Company, will also become a part of Corporate Holdings.

“Enhance transparency”
Johan Dennelind, President and CEO, Telia Company, says: “With an increased focus on our operations in the Nordics and Baltics, this new management structure will enhance transparency and enable us to ramp up execution across all our markets. The new structure will also ensure a continued focus and prioritization of responsible business for Telia Company. I want to take the opportunity to thank Valdur Laid for his hard work with transformation and laying the foundation for an exciting next phase for our operations in Finland. I welcome Stein Erik Vellan to Telia Company, an appreciated and strong leader. I am also looking forward to working even closer with our Norwegian CEO Abraham Foss.”

Corporate Development split into several parts
In the new organizational structure, Corporate Development will be split into several parts. Corporate Affairs (previously Group Legal Affairs) will be responsible for Mergers and Acquisitions (M&A), People and Engagement will take on Sustainability and the CEO Office will be responsible for Group Strategy, Risk Management, and also overseeing Internal Audit (who reports to Audit Committee).

Ingrid Stenmark, Head of CEO Office, will become a member of Group Executive Management.

Region Eurasia continues to be headed by Emil Nilsson reporting to Johan Dennelind who also chairs the internal steering board governing the region. The clear mandate is to deliver on business priorities and secure a responsible exit over time.

Ethics & Compliance will continue to report to the President and CEO of Telia Company.

The Group Executive Management as of 1 January, 2017
• President & Chief Executive Officer – Johan Dennelind
• CEO Office / Strategy & Responsible Business – Ingrid Stenmark, SVP
• Finance / Finance & Procurement – Christian Luiga, Chief Financial Officer, EVP
• Communications and Division X – Peter Borsos, SVP
• People and Engagement / Human Resources & Sustainability – Cecilia Lundin, SVP
• Corporate Affairs / Legal, M&A and Regulatory – Jonas Bengtsson, General Counsel, SVP
• Corporate Holdings – Robert Andersson, SVP (currently Head of Region Europe)
• Global Services & Operations – Anders Olsson, Chief Operating Officer, SVP
• Sweden / Telia Sweden and Skanova – Hélène Barnekow, CEO Sweden, EVP
• Denmark and Lithuania and Estonia – Henriette Wendt, Head of Cluster, SVP (currently Head of Corporate Development)
• Norway – Abraham Foss, CEO Norway, SVP
• Finland – Stein Erik Vellan, CEO Finland, SVP