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General

Telenor ex-CEO steps down as advisor to board over Vimpelcom

Monday 9 November 2015 | 11:48 CET | News
Telenor said its former CEO, Jon Fredrik Baksaas, has reached a mutual agreement with the board of directors to terminate his consultancy agreement with the board. Baksaas has also notified the board that he will refrain from a bonus payment for 2015. The decision is effective from 09 November. He said recent developments in the investigations into the VimpelCom affair make his role as strategic advisor to the Telenor board challenging. Baksaas keeps shares already awarded under Telenor's long-term incentive programme according to his employment contract.

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Categories: General
Companies: Telenor / Vimpelcom
Countries: World
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