Sonera gets new CEO in wider Telia restructure

Telia

Telia has hired a new CEO for its operations in Finland as part of a wider organisational restructure.

Stein-Erik Vellan will take over the reins from Valdur Laid at Sonera after leaving Telenor-owned Globul, where he was also CEO.

Vellan and Telia Norway CEO Abraham Foss join the main operating board as part of the restructure.

Head of Corporate Development Henriette Wendt will lead a new “cluster” containing the operator’s opcos in Denmark, Lithuania and Estonia.

Corporate Development will be split into several new divisions: Corporate Affairs (previously Group Legal Affairs) will be responsible for M&A; People and Engagement will take on Sustainability; and the CEO Office will be responsible for Group Strategy and Risk Management.

Robert Andersson, Head of Europe, will manage a new unit called Corporate Holdings that includes Telia’s shareholdings in Turkcell, Megafon, LMT and Lattelekom, as well as Telia Carrier.

The changes, which all come into effect on 1 January next year, follow Telia’s decision to divest its Eurasian operations last year.

The operator took a major hit on its earnings in the third quarter on the back of a SEK 12.5 billion (€1.29 billion) settlement related to bribery allegations over its entry into Uzbekistan in 2007.

[Read more: Telia Sweden CEO: Giving customers a hug on the way to reinvention]

Telia President and CEO Johan Dennelind said: “The new structure will enhance business focus and enable us to speed up decision making whilst ramping up execution across our Nordic/Baltic markets all at the same time while maintaining focus on our responsible business agenda.”

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