Azerbaijan, Baku / Trend / A large communication company, TeliaSonera board of directors decided at its board meeting on the 11th of June to initiate a search process for a new President and CEO of TeliaSonera AB, the Company reports.
The Company is the shareholder of Azerbaijan's leading mobile operator Azercell Telekom through Fintur Holdings BV, with 58.55% belonging to TeliaSonera .
When assessing TeliaSonera's strategic options for going forward, the board concluded that the company is entering a new phase and will benefit from a new leadership. Thereby, to further improve the spirit and commercial drive of the organization, TeliaSonera needs a strong and motivating leadership focused on growth, restructuring and value enhancement.
The present President and CEO of TeliaSonera AB, Anders Igel , will leave office on the 31st of July 2007. The Executive Vice President and CFO, Kim Ignatius, will take charge as acting President and CEO at that time.
Anders Igel became the President and CEO of TeliaSonera in 2002 in connection with the merger between Telia AB and Sonera Corporation.
TeliaSonera , as well as the telecom industry as a whole, has major opportunities and challenges ahead. Growth has to be in focus as well as continuous restructuring due to the migration from traditional fixed to mobile- and IP-based services. For TeliaSonera's part, value enhancement related to the company's positions in Eurasia, including Russia and Turkey, is of great importance.