Trond Westlie leaves Telenor to take up position as CFO in A. P.
Moeller - Maersk Group
(Thomson Reuters ONE) - (Fornebu, 21 September 2009) Chief Financial Officer Trond Westlieleaves Telenor to take up the position as CFO in A. P. Moeller -Maersk Group. Trond Westlie has worked at Telenor for five years andhas been a key member of the Group Executive Management. He leavesTelenor on 31 December 2009."Trond Westlie is moving on to an interesting new assignment, howeverit's not with an light heart we see him go. He is a capacity both asCFO and as member of our executive management team. I consider himone of the leading CFOs in Norway, as well as being a profiledmanager in Telenor and a valuable advisor," says Jon Fredrik Baksaas,President and CEO of Telenor. "We wish him all the best in his newassignment, and are confident that Maersk will appreciate hisqualities in the years to come," Baksaas says.Trond Westlie has worked at Telenor for five years. During thisperiod, the company has experienced significant growth, and thenumber of mobile subscriptions has grown with approximately 100million. Westlie has been a significant contributor to thisinternationalisation and expansion. He has contributed to developingand professionalising Telenor's finance and accounting functions,especially through replacing a traditional budgeting process with adynamic model for rolling forecast. This increases precision andreduces uncertainty in the Telenor Group financial management."Telenor is one of the most exciting companies for a CFO in Norway.Only a few, if any, Norwegian companies can demonstrate an equallysuccessful international expansion. The decision to leave the companywas therefore not an easy one to make. However, the challenges andopportunities at Maersk are too exciting to resist," says TrondWestlie. "I will continue to observe Telenor from the side line, andI am confident that the company will continue its successfuldevelopment also in the coming years," Westlie says.Trond Westlie will continue as CFO of Telenor until 31 December 2009.Telenor will immediately start the search for his successor.For further information, please contact:Ingrid Schiefloe, PR & Media manager Tel.: (+47) 951 56 977Marianne Moe, Head of Investor Relations Tel.: (+47) 916 17 631To the editorial offices:Photo of Trond Westlie can be downloaded from:http://www.telenor.com/downloads/20090921/This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 21.09.2009 - 17:32 Uhr
Sprache: Deutsch
News-ID 6033
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Moeller - Maersk Group"
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