Sverker Hannervall has been appointed acting President of Business Area Mobility Services at TeliaSonera (OSE:TEL)(STO:TLSN)(HEX:TLS1V)(LSE:TEE)(Nasdaq:TLSN). He will assume the position with immediate effect and remain in his current position as member of Group Management and Head of Business Services. He succeeds Tero Kivisaari who will take on other duties in the Group.
“Tero Kivisaari’s role in TeliaSonera’s criticized investments in Uzbekistan, and the attention surrounding them, has made it impossible for him to act with the internal and external authority necessary for the President of the largest business area of TeliaSonera. We have therefore agreed that he will leave his position”, says Johan Dennelind, President and CEO of TeliaSonera.
“The investments in Uzbekistan were carried out in a way not compliant with the business practices TeliaSonera wants to stand for. However, the shortcomings were, to a great extent, a consequence of inadequate procedures and controls. This was also made clear in the Mannheimer Swartling report. Strengthening our governance around these issues is now a key priority”, says Johan Dennelind.
“We continue to cooperate with the Swedish prosecutor in the ongoing preliminary investigation about the Uzbekistan investments, and await the finalization of the proceedings”, Johan Dennelind concludes.
TeliaSonera AB discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instrument Trading Act. The information was submitted for publication at 9 a.m. CET on October 3, 2013.
Statements made in the press release relating to future status or circumstances, including future performance and other trend projections are forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to many factors, many of which are outside the control of TeliaSonera.
TeliaSonera provides network access and telecommunication services in the Nordic and Baltic countries, the emerging markets of Eurasia, including Russia and Turkey, and in Spain. TeliaSonera helps people and companies communicate in an easy, efficient and environmentally friendly way. Our ambition is to be number one or two in all our markets, providing the best customer experience, high quality networks and cost efficient operations. TeliaSonera is also the leading European wholesale provider with a wholly-owned international carrier network. In 2012, net sales amounted to SEK 105 billion, EBITDA to SEK 36.1 billion and earnings per share to SEK 4.59. The TeliaSonera share is listed on NASDAQ OMX Stockholm and NASDAQ OMX Helsinki. Read more at www.teliasonera.com.
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