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Telenor CEO resigns from Vimpelcom board

Monday 8 December 2014 | 17:08 CET | News
Telenor CEO Jon Fredrik Baksaas has resigned from the supervisory board of VimpelCom with immediate effect in order to avoid any conflict of interest in the ongoing investigation into corruption allegations over Vimpelcom's entry on the Uzbekistan market. Telenor holds 33 percent of Vimpelcom's shares and 43 percent of the voting rights. As allowed under Vimpelcom's statues, Baksaas seconded his vote to Kjell Morten Johnsen, another Telenor representative on the board. Baksaas will focus on defending Telenor's interests in VimpelCom, and the Telenor board has appointed a special committee of

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Categories: Mobile & Wireless
Companies: Telenor / Vimpelcom
Countries: Russian Federation
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