Richard Olav Aa new Chief Financial Officer in Telenor Group
(Thomson Reuters ONE) - (Fornebu, 16. November 2009) Richard Olav Aa has been appointedExecutive Vice President and Chief Financial Officer (CFO) inTelenor. He will be responsible for Telenor's financial managementand be part of the Group Executive Management. Richard Olav Aa istoday Investment Director of Arendals Fossekompani ASA."I am very pleased that Richard Olav Aa has accepted to take on theposition as CFO in Telenor with the responsibility for the financialmanagement of the group's global operations. He will contribute withnew perspectives and experiences in an important discipline, while atthe same continue to manage the group's accomplished financialcontrol systems," says Jon Fredrik Baksaas, CEO and President of theTelenor Group. "Operational focus and good financial governance isone of the characteristics of Telenor and Richard Olav Aa is a highlyqualified leader that will contribute to a continued strong positionin this field," said Jon Fredrik Baksaas.Exciting corporation"Telenor is a very exciting corporation with a strong internationalposition and great opportunities. It is therefore with highexpectations I look forward to taking on this task and I look forwardto becoming part of one of Norway's leading companies," said RichardOlav Aa. "Telenor has a recognized and professional finance andaccounting operation with highly skilled professionals. I really lookforward to creating results within this exiting professionalenvironment and contribute to Telenor's Group Executive Management.It is hard to leave a great company as Arendals Fossekompani, butthis was an opportunity that I had to follow," concluded Richard OlavAa.Background of Richard Olav AaRichard Olav Aa has since 2007 been Investment Director in ArendalsFossekompani. In this position he has been responsible for thecompany's industrial and financial engagements. In connection withthis position he has held and holds a number of board appointments.He has through several years held management positions in Elkem, bothin Norway and the USA, and he was the CFO of Elkem in the period from1999 to 2005. He has also been Managing Director of Norsk Vekst AS inthe period 2005 to 2007 and Executive Vice President for businessdevelopment in Bertel O. Steen AS.Richard Olav Aa has a Master of Science in Business and Economicsfrom the Norwegian School of Economics and Business Administration inBergen, specializing in strategies and finance.Date of commencement will be announced later.Contact:Pål Kvalheim, Vice President Telenor GroupTel: (+47) 970 44 970Email: pal.kvalheim(at)telenor.comTo Editors:A high resolution photo of Richard Olav Aa ac be downloaded from:http://www.telenor.com/en/resources/images/DSC07312_2_tcm28-50350.jpgThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 16.11.2009 - 08:02 Uhr
Sprache: Deutsch
News-ID 8414
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