Telenor names new CFO

News General Global 2 AUG 2016
Telenor names new CFO
Telenor Group has appointed Jorgen Rostrup (50) as its new chief financial officer, effective no later than 1 November. 

Rostrup comes from the position of President of Yara North America, a Norwegian agricultural products group. He was previously Yara Ghana country manager and held several executive positions at energy group Norsk Hydro, including CFO. Rostrup has also been on several boards, including positions within the private equity and investment banking area. 

Acting CFO Morten Karlsen Sorby, who took over when Richard Olav Aa was let go in April, will continue until Rostrup commences the position. He will then assume a new role as Chief Transformation Officer. 

In his new role, Karlsen Sorby will work closely with the CEO to lead the ongoing transformation process Telenor has initiated to meet the new digital opportunities facing the company. Karlsen Sorby will be part of the Telenor Group Executive Management Team, and he will report to the CEO.

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