The Nomination Committee of Telenor ASA proposes Jens Petter Olsen as new Chair of the Board of Directors.
At the Capital Markets Day in September 2022, Telenor’s strategy towards 2025 was presented. The strategy sets Telenor up to create shareholder value through four separate business areas: Telenor Nordics, Telenor Asia, Telenor Infrastructure and Telenor Amp. The new strategy was launched to support profitable long-term growth and building services with secure and reliable connections to more customers.
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Gunn Wærsted has served as Chair of the Board of Telenor ASA for more than 7 years and is the longest serving chair in Telenor since the company was listed on the stock exchange in 2000. In light of her long tenure and the start of a new strategic period, it is natural to do a change now.
The Nomination Committee has conducted a thorough assessment of potential candidates for the role as new Chair of the Board of Directors of Telenor ASA.
Jens Petter Olsen has extensive experience from the financial sector and capital markets. Since 2019 he has been a Member of the Board of Directors at DNB, where he also chairs the Risk Management Committee. From 2008 to 2018, he was employed at Danske Bank mainly in various management positions, including heading Markets Norway from 2011 to 2014 and Capital Markets from 2014 to 2018. Olsen also has more than ten years of experience from Norges Bank and Norges Bank Investment Management (NBIM), including heading the New York office of NBIM from 2000 to 2008. He has a degree in Economics and Business Administration (Siviløkonom HAE) from Norwegian School of Economics and a Master of Philosophy (Finance) from London Business School. His management experience and knowledge of capital markets along with his international background has been considered important for the nomination to this role.
Telenor’s Corporate Assembly is responsible for the election of the Chair of the Board and will consider this proposal in its meeting on 10 May 2023. The remaining proposal for the election of shareholder elected members to the Board will be presented by 3 May 2023. Three other shareholder representatives are up for election this year.
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