Dec 3, 2019 10:00 AM CET
Stockholm – Tele2 AB (“Tele2”) (Nasdaq Stockholm: TEL2 A and TEL2 B) announces changes in its Leadership Team. The group’s governance model has been reviewed to further emphasize speed, simplicity and accountability. From today, Tele2 will have a Group Leadership Team, complemented by a wider Business Leadership Team which will execute Tele2’s strategy. Following these changes, Tele2 will adjust its reporting structure.
Following Tele2’s international consolidation and the merger with Com Hem, Tele2 has a dedicated focus on Sweden and the Baltics. The new group governance model reflects this and emphasize Tele2’s relentless efforts to further increase speed, simplicity and accountability within a flat organizational structure.
Group Leadership Team
Tele2’s Group Leadership Team will from today consist of:
For more information and the CVs of the Group Leadership Team, please visit www.tele2.com.
Business Leadership Team
Tele2’s Business Leadership Team will be responsible for the day to day operations and may change over time to represent key functions and critical projects in Tele2’s journey. In addition to the members of the Group Leadership Team, the Business Leadership Team includes:
The members of Tele2’s previous Leadership Team:
New members representing key functions:
As previously announced, Petras Masiulis, CEO Baltics, has the overarching responsibility for Tele2’s businesses in the Baltics and Germany, reporting directly to Anders Nilsson, but not as part of the Group Leadership Team or Business Leadership Team.
The smartest telco in the world, creating unlimited possibilities
– It makes me extremely proud to work alongside this very talented group of people. Together we have agreed on a new vision which reflects our ambition to increase speed, simplicity and accountability. From now on our vision is to be the smartest telco in the world, creating a society of unlimited possibilities, says Anders Nilsson, CEO and President of Tele2.
Adjusted reporting structure
To reflect the new organizational set up, Tele2 will as of the Q4 2019 interim report adjust the reporting structure by combining the Sweden Consumer, the Sweden Business and the IoT Segments into one segment. The change will be made retrospectively by changing historic numbers for comparability and follows the new internal financial reporting structure.
These changes constitute important steps toward turning Tele2 into a truly integrated operator. By making the Tele2 organization flatter and more integrated across functions these changes bring management closer to the customer and employees closer to each other, allowing Tele2 to better understand and serve customers’ needs.
For more information, please contact:
Joel Ibson, Head of Corporate Communications, Phone: +46 766 26 44 00
Marcus Lindberg, Head of Investor Relations, Phone: +46 73 439 25 40
Tele2’s vision is to be the smartest telco in the world, creating a society of unlimited possibilities. Ever since Tele2 was founded in 1993, we have continued to challenge prevailing norms and dusty monopolies. Today, our award winning networks enable mobile and fixed connectivity, telephony, data network services, TV, streaming and global IoT solutions for millions of customers. We drive growth through customer satisfaction and smart combined offerings. Tele2 has been listed on Nasdaq Stockholm since 1996. In 2018, Tele2 generated revenue of SEK 30 billion and reported an underlying EBITDA of SEK 9 billion. For latest news and definitions of measures, please see our homepage www.tele2.com