Jan Korssjoen has announced plans to resign as chairman of Norwegian incumbent Telenor’s corporate assembly, in the wake of the departure of the group’s chairman of the board.
Korssjoen said he will step down on 16 May in protest of the treatment…
Jan Korssjoen has announced plans to resign as chairman of Norwegian incumbent Telenor’s corporate assembly, in the wake of the departure of the group’s chairman of the board.
Korssjoen said he will step down on 16 May in protest of the treatment of Harald Norvik, who said he will resign after the Norwegian government, Telenor’s majority shareholder, expressed a lack of confidence in him.
“The reason for my resignation is that I disagree with the largest shareholder, on the decision, timing and the process leading to the resignation of the chairman of the board of Telenor,” said Korssjoen, who has served in the role since 2001.
Norvik was cited earlier this year criticising Trond Giske, Norway’s trade and industry minister, for pressuring the operator’s independent board to not sell its stake in TV2, the Norwegian commercial broadcaster, to Denmark’s Egmont International Holding. Reports suggest Giske had sought to keep TV2 under a Norwegian owner, although Egmont later acquired the stake for a reported US$349m.
