Telia Company shuffles Management team
June 27, 2023
Telia Company, the Swedish multinational telco, has announced the appointment of Tim Pennington as interim Executive Vice President, Group Chief Financial Officer and a member of the Group Executive Management team, effective from September. Pennington replaces Per Christian Mørland, who, as previously announced, will leave Telia at the end of September. Pennington will serve as interim CFO until a permanent successor to Per Christian Mørland is in place and then continue as an advisor to the company until at least September 2024.
Pennington has previously served as CFO of Millicom, Cable & Wireless Communications and Hutchison Telecommunications International, and is currently an Independent Non-Executive Director at MTN Group, Africa’s largest mobile network operator.
In addition, as previously announced, Dan Strömberg, Senior Vice President, Head of LED (Lithuania, Estonia and Denmark) and a member of the Group Executive Management team, will retire from Telia in August. The Head of LED role will be removed when Strömberg retires. Instead, Telia Lithuania CEO Giedrė Kaminskaitė-Salters and Telia Estonia CEO Holger Haljand will report directly to Allison Kirkby, Telia Company President and CEO, but not become members of the Group Executive Management team. In anticipation of the intended divestment of Telia Denmark, CEO Petr Cermak will report to Stefan Backman, Executive Vice President, Group General Counsel and Head of Corporate Affairs at Telia Company. Strömberg will remain Chair of the Board of Telia Lithuania.
Allison Kirkby, Telia Company President and CEO, commented: “I’m delighted to welcome Tim to Telia as we will benefit immensely from his deep and extensive industry and financial experience. At the same time, we are saying goodbye to Dan Strömberg, who is retiring after 43 years of dedicated service to Telia. It’s increasingly rare for anyone to stay with one company for such a long time and so I would like to take this opportunity to thank Dan for his exceptional contribution to Telia and wish him all the very best for a well-earned retirement.”