Tele2 AB, (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B) today announced that the CEO, Harri Koponen will leave the company due to irreconcilable differences over leadership…
Tele2 AB, (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B) today announced that the CEO, Harri Koponen will leave the company due to irreconcilable differences over leadership. The Board of Directors has appointed Lars Nilsson, the Chief Financial Officer, as the interim CEO.
Harri Koponen joined Tele2 in August 2008 as President and CEO and oversaw a period of increased focus on profitability. Harri Koponen will receive his maximum notice period of 18 month during which he will be paid.
The Board fully endorses and supports the strategic direction of Tele2 and is confident in the Executive Board's ability to continue to execute the strategy. The Board will immediately begin the search for a successor CEO.
Vigo Carlund, Chairman of the Board of Directors of Tele2 commented: "The strategic direction of Tele2 is unchanged. Lars Nilsson and the Executive Board have the full support of the Board of Directors to continue its successful execution. The Board would like to thank Harri Koponen for his contribution to Tele2. Together with the management team he managed to successfully complete the realignment of the operations and to confirm the strategic priorities for Tele2. He has continued to develop the company's focus on mobile services and further established Tele2's emerging market footprint in Russia and the CIS."
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