Gunn Wærsted Elected As New Chair Of The Board Of Telenor ASA

The Corporate Assembly of Telenor ASA has on 17 December 2015 elected Gunn Wærsted (60) as Chair of the Board of Directors. Wærsted will assume her position on 14 January 2016.

“The Nomination Committee has conducted a thorough assessment of potential candidates for the role as Chair of the Board of Directors of Telenor ASA. Gunn Wærsted’s solid management and board competencies and strategic experience will contribute to further develop Telenor as one of the world’s leading mobile operators”, said Anders Skjævestad, Chair of the Corporate Assembly and of the Nomination Committee.

Gunn Wærsted (born in 1955) is Executive Vice President and member of the Group Executive Management in Nordea Bank and Country Senior Executive in Nordea Bank Norway. During her career, she has held a number of senior executive positions within banking and insurance, among these are positions as CEO of SpareBank 1 Gruppen and the SpareBank 1 Alliansen, Group Executive Vice President of DNB and CEO of Vital Forsikring.

Wærsted is Chair of the Board of Petoro and has previously been a board member of Statoil, Statkraft and Ferd Holding. Wærsted holds a Master of Business and Administration (siviløkonom) from BI Norwegian Business School.

Telenor is one of the leading mobile operators in the world, with a unique position and 200 million customers in 13 markets, including a strong position in the home market. I am looking forward to continue Telenor’s fantastic growth and value creation. As the new Chair of the Board I will thoroughly familiarize myself with the opportunities and challenges the company is facing, as well as getting to know the board, the management and the company”, said Gunn Wærsted.