Telia Appoints Tim Pennington as Interim Chief Financial Officer
By Dominic Chopping
STOCKHOLM--Telia said Tuesday that it has appointed Tim Pennington as interim chief financial officer from September 2023, replacing Per Christian Morland who has previously announced that he will leave the company at the end of September.
The Swedish telecommunications operator said that Pennington will serve as interim CFO until a permanent successor is in place, after which he will continue as an advisor to the company until at least September 2024.
Tim Pennington has previously served as CFO of Millicom, Cable & Wireless Communications and Hutchison Telecommunications International, and is currently an independent non-executive director at mobile network operator MTN Group.
In addition, as previously announced, Telia's head of Lithuania, Estonia and Denmark Dan Stromberg will retire in August. The company had said it would appoint his replacement in due course, but has now decided that the role will be removed.
Instead, Telia Lithuania Chief Executive Officer Giedre Kaminskaite-Salters and Telia Estonia CEO Holger Haljand will report directly to group CEO Allison Kirkby.
Telia recently announced the planned sale of its Danish operations.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
June 27, 2023 03:31 ET (07:31 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
What History Tells Us About the Fed’s Next Move
-
What’s Happening In the Markets This Week
-
Alphabet’s New Dividend: What Investors Need to Know
-
Going Into Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
Going Into Earnings, Is Eli Lilly Stock a Buy, a Sell, or Fairly Valued?
-
What’s the Difference Between the CPI and PCE Indexes?
-
5 Stocks to Buy That We Still Like After They’ve Run Up
-
Markets Brief: Stocks Are Starting to Look Cheap Again
-
AbbVie Earnings: Next-Generation Immunology Drugs Help Offset Humira Biosimilar Pressure
-
Exxon Earnings: Ignore Earnings Shortfall as Long-Term Growth and Improvement on Track
-
American Airlines Earnings: We See Costs Overshadowing Market Share This Year
-
Snap Earnings: Advertising Growth and Snapchat+ Drive Monetization
-
STMicro Earnings: We Still See an Attractive Margin of Safety Despite a Poor First-Half Forecast
-
Alphabet Shares Surge on Strong Earnings, Dividend Surprise
-
Microsoft Earnings: Firm Beats Forecasts on Strong AI and Cloud Demand
-
PG&E Earnings: Near-Term Regulatory Certainty Supports Industry-Leading Earnings Growth