Saturday, 23 June 2018

People: The buck stops here

By Nick Wood, Total Telecom
Thursday 24 December 15

Alleged dodgy dealings and falling foul of regulators prompted some hasty management makeovers in 2015.

If management changes have taught us anything in 2015, it’s that not every senior telecoms executive gets to bow out gracefully. Just ask Telenor, which bid a fond farewell to long-serving CEO Jon Fredrik Baksaas in August. The Norwegian telco kept Baksaas on in an advisory capacity while his replacement Sigve Brekke got to grips with his new role, but was forced to sever all ties with him just four months later as the corruption investigation in Uzbekistan made his position untenable. Vimpelcom–in which Telenor holds 33%–is being probed by U.S. and Dutch authorities over bribery allegations linked with its Uzbekistan business partner Takilant. "The situation [is] very unfortunate, complex and sad for the company…

If management changes have taught us anything in 2015, it’s that not every senior telecoms executive gets to bow out gracefully. Just ask Telenor, which bid a fond farewell to long-serving CEO Jon Fredrik Baksaas in August. The Norwegian telco kept Baksaas on in an advisory capacity while his replacement Sigve Brekke got to grips with his new role, but was forced to sever all ties with him just four months later as the corruption investigation in Uzbekistan made his position untenable. Vimpelcom–in which Telenor holds 33%–is being probed by U.S. and Dutch authorities over bribery allegations linked with its Uzbekistan business partner Takilant. "The situation [is] very unfortunate, complex and sad for the company…

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