News
Regional management layer scrapped in favour of execs leading individual countries and reporting directly to group management.
Telia Company on Wednesday tweaked its management structure in a bid to speed up decision making and strengthen its focus on its key Nordic and Baltic markets.
The regional management layer will be scrapped in favour of executives responsible for individual countries who report directly to group management.
"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," said Telia CEO Johan Dennelind, in a statement.
The reorganisation will see Abraham Foss, the CEO of Telia’s Norway business, become part of the group executive management team.
Telia also named a new CEO of its Finnish business, Stein-Erik Vellan. He will replace the current CEO, Valdur Laid, and will join Foss on the group executive management team.
"I want to take the opportunity to thank Valdur Laid for his hard work with transformation and laying the foundation for an exciting next phase for our operations in Finland," Dennelind said. "I welcome Stein-Erik Vellan to Telia Company, an appreciated and strong leader. I am also looking forward to working even closer with our Norwegian CEO Abraham Foss."
Furthermore, Telia will also regroup its shareholdings in Turkcell and MegaFon into a new division called Corporate Holdings, led by Robert Andersson. He is currently head of Region Europe, which is part of the aforementioned regional management layer that Telia is getting rid of.
Telia’s Latvian operations and it wholesale business, Telia Carrier, will also become part of Corporate holdings.
In addition, Telia is also splitting up its Corporate Development division into its component parts and assigning responsibility for them to various departments.
People and Engagement will head up Telia’s sustainability activities, and the CEO Office will take responsibility for group strategy, risk management, and the internal audit. The Legal Affairs department has been renamed Corporate Affairs, and will oversee M&As.
Meanwhile, Telia’s Eurasia division will remain relatively untouched. The company is in the process of selling out of the region in the wake of multiple bruising corruption scandals. The division will continue to be led by Emil Nilsson, who reports directly to Dennelind.
The new structure becomes effective on 1 January.
