The Nomination Committee of Telenor ASA has submitted its proposal to the Corporate Assembly of Telenor ASA for the election of shareholder elected members to the Board of Directors of Telenor ASA. The following members of the Board of Directors of Telenor ASA are up for election by the Corporate Assembly in 2024:
Board member Pieter Knook was first elected by the Corporate Assembly on 11 May 2020 for a period of up to two years and last re-elected in 2022 and is up for election in 2024. The Nomination Committee proposes that the Corporate Assembly re-elects Pieter Knook as board member in the Board of Directors of Telenor ASA for a period of up to two years.
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Board member Nina Bjornstad was first elected by the Corporate Assembly on 11 May 2022 for a period of up to two years and is up for election in 2024. The Nomination Committee proposes that the Corporate Assembly re-elects Nina Bjornstad as board member in the Board of Directors of Telenor ASA for a period of up to two years.
Furthermore, the Nomination Committee proposes for the Corporate Assembly to elect one new member of the Board of Directors of Telenor ASA. The Nomination Committee proposes that Grethe Bergly is elected as member of the Board of Directors for a period of up to two years. Grethe Bergly is nominated to replace Astrid Simonsen Joos, who was first elected to the Board of Directors on 11 May 2020, and who has decided to resign from her position in the Board of Telenor ASA when her period ends.
The Board of Directors of Telenor ASA shall according to the Articles of Association Section 5 consist of a minimum of five and a maximum of thirteen members. Following this proposal, the Board of Directors will have ten members, including three employee representatives.
Pursuant to Telenor ASA’s Articles of Association section 9, Telenor ASA shall have a Nomination Committee. The Nomination Committee of Telenor ASA is constituted by Nils Bastiansen (Chair of the Nomination Committee), Jan Tore Føsund, Heidi Algarheim and Anette Hjertø.
The Nomination Committee has over the period leading up to the election of the Board of Directors of Telenor ASA evaluated the composition of the Board of Directors. The Nomination Committee has considered the interests of the company and the shareholders in general. Telenor is one of Norway’s leading companies and an international telecom provider, with a substantial part of its value linked to activities outside of Norway in rapidly changing markets.
The Nomination Committee has considered the total competency need of the Board of Directors from a sectoral, functional and governance perspective related to the company’s position and strategy.
The Nomination Committee has mapped and considered skills benchmark and criteria for the composition of the Board of Directors. The Committee has reviewed and assessed how the Board works and its competence and experience. In this the Committee has been supported by an external advisor. This includes assessing relevant competencies, diversity in expertise and background as a result of different work experience, education, gender, age, geographical affiliation, and cultural background. Board members personal qualifications were also part of the process.
The Nomination Committee considers that Telenor Board of Directors functions well.
Information about the candidates:
Pieter Knook
Board member
Term of office: Elected 11 May 2020, last re-elected 11 May 2022 for a period of up to two years.
Committee: Chair of the Transformation & Innovation Committee and member of the Risk & Audit Committee.
Shares in Telenor ASA: 0 as of 31 December 2023
Year of birth 1958, Dutch citizen and resident in London, United Kingdom.
Experience: Pieter Knook has extensive international business experience in sales, marketing and product development from multinational technology companies, including several management positions in Microsoft from 1990 to 2008. Knook served as President for Microsoft Asia from 1997 to 2001 and SVP for Mobile Communications from 2001 to 2008. Knook was Internet Services Director with Vodafone from 2008 to 2010 and was Visiting Professor of Innovation at the University of Cambridge.
Other directorships: Chair of the Board of Directors of Odigo a PE backed call centre as a service company that operates in NW Europe (Paris, France), Chair of the Board of Directors of LINX – The London Internet Exchange (London, UK), Chair of the Board of Directors of Altitude Angel (Reading, UK). Member of the Board of Directors of Alpha 10X (Paris, France). Previous directorships include Member of the Board of Directors of TDC from 2013 – May 2018.
Education: Knook holds an MA in Electrical Sciences from the University of Cambridge.
Nominated for re-election
Knook attended 9 of 9 Board of Directors meetings in 2023. In 2024 until the date of this recommendation, he attended two of two ordinary Board of Directors meetings. Average attendance at the ordinary Board of Directors meetings over this period was for Knook 100 per cent. The average attendance for the Board members in this period was 100 per cent. Pieter Knook is Chair of the Transformation and Innovation Committee. In 2023 the committee held four meetings with attendance rate of 100 per cent. He is also a member of the Risk and Audit Committee, and in 2023 the committee held seven meetings with attendance rate of 100 per cent.
Nina Bjornstad
Board member
Term of office: Elected 11 May 2022 for a period of up to two years.
Committee: Member of the People & Compensation Committee and member of the Transformation & Innovation Committee.
Shares in Telenor ASA: 0 as of 31 December 2023
Year of birth 1977, Dual citizen American and Norwegian, resident in Lillehammer Norway since 2017.
Experience: Nina currently provides strategic direction to executive teams in established and entrepreneurial companies to advance their goals for digital transformation, enhanced partnerships, change management, and business optimization. Prior to her Advisory work, she was the Managing Partner in a European private venture capital fund focused on technology innovation.
Nina has over 20 years of experience working for the pioneers in technology. This includes significant experience in digital transformation and technology development. Bjornstad joined Google in 2014 as Country Manager for Google Cloud for UK&I where she led Digital Transformation in companies of all sizes. She went on to be part of the founding team, setting up Google Cloud Consulting for Northern Europe. She has previously worked at Microsoft for 10 years across a variety of roles, from Finance to Corporate Strategy, M&A, Marketing and General Management. Her career started in the US with Dell and Amazon, building web-based businesses, architecting for rapid technical expansion and providing disruptive market entry.
Other directorships: Scandinavian Airlines (SAS AB), Utopi Ltd Board Director, Mace Group Ltd Advisory Board Director and PwC UK Advisory Board Director.
Education: Bjornstad holds a Bachelor of Science in Business Finance and Minor in Economics from University of Colorado and a Master of Business Administration (MBA) from University of Washington Seattle, WA.
Nominated for re- election
Bjornstad attended 9 of 9 Board of Directors meetings in 2023. In 2024 until the date of this recommendation, she attended two of two ordinary Board of Directors meetings. Average attendance at the ordinary Board of Directors meetings over this period was for Bjornstad 100 per cent. The average attendance for the Board members in this period was 100 per cent. Nina Bjornstad is a member of the People and Compensation Committee. Inn 2023 the committee held four meetings with attendance rate of 100 per cent. She is also a member of the Transformation and Innovation Committee, and in 2023 the committee held four meetings with attendance rate of 100 per cent.
Grethe Bergly
Board member
Term of office: Up for first election
Shares in Telenor ASA: 0 as of 12 April 2024
Year of birth 1962, Norwegian citizen and resident in Oslo, Norway
Experience: Grethe Bergly is the CEO of Multiconsult ASA and has held this position since 2019. From 2002 to 2019 she served as the Executive Vice President of Multiconsult. Prior to this she has been researcher and project manager at Norges Byggforskningsinstitutt from 2000 to 2002. She has also been a department head and project engineer at AKER ENGINEERING AS from 1993 to 2000 and various engineering consultant roles from 1986 to 1992.
Other directorships: Bergly has since 2022 been the chair of the board for the Norwegian association of consultant engineers and from 2015 to 2023, chair of the board for SFI – KLIMA 2050. She has been a member of Sintef Byggforsk advisory board from 2015 to 2023 and advisory board member of Sintef since 2023. She is also a member of the board of SKIFT a business-driven climate initiative. Bergly has previously held board positions in Norplan AS, Multiconsult Asia Plt Ltd, and Norplan Tanzania.
Education: Bergly holds a B.Sc. (Hons.) in Civil and Structural Engineering from the University of Manchester Institute of Science and Technology, 1982-1986 and a MBA from Heriot-Watt University, Edinburgh, 1988-1989. She attended the INSEAD Advanced Management Program in 2016.
Contact: Nils Bastiansen, Chair of the Corporate Assembly and Chair of the Nomination committee of Telenor ASA, nils.bastiansen@telenor.com
Investor relations:
Frank Maaø, phone: +47 916 74 045
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