TEE: TeliaSonera AB: TeliaSonera: The Nomination Committee nominates six new
members to the Board of Directors
UK Regulatory Announcement
The Nomination Committee has finalized its preparations for to the Annual
General Meeting on April 3, 2013. The Nomination Committee proposes that the
Board continues to consist of eight members. The Committee proposes
re-election of Olli-Pekka Kallasvuo and Per-Arne Sandström and nominates Marie
Ehrling, Mats Jansson, Tapio Kuula, Nina Linander, Martin Lorentzon and Kersti
Sandqvist as new members. As earlier announced the Committee proposes that
Marie Ehrling is elected Chairman of the Board and proposes Olli-Pekka
Kallasvuo as Vice-Chairman of the Board.
The preparations of the Nomination Committee for the Annual General Meeting
2013, which started in September 2012, have been more extensive than normally.
After the attention regarding TeliaSonera's investments in Uzbekistan and the
Board's decision to appoint the law firm Mannheimer Swartling to investigate
any irregularities in this regard, the Nomination Committee has worked with
different scenarios. One such scenario was that a substantial change in the
composition of the Board would be required, as a consequence of the results of
The conclusion of the Nomination Committee is that TeliaSonera needs a new
start in many respects. This conclusion is based on the Committee’s interviews
with board members and the former CEO regarding the board’s internal work and
the company’s current situation, as well as on the conclusions in the
Mannheimer Swartling report and the subsequent external communication by the
Board of Directors of TeliaSonera.
The Nomination Committee was at an early stage informed that the Chairman of
the Board, Anders Narvinger and the Vice-Chairman of the Board, Timo Peltola
and Director Lars Renström decline re-election. Further, the Directors Ingrid
Jonasson Blank, Maija-Liisa Friman and Jon Risfelt have also informed the
Nomination Committee that they decline re-election.
The Nomination Committee has strived to propose nominees that in total possess
competencies and experience that reflect the future challenges for
TeliaSonera. All together sex new board members are proposed:
Marie Ehrling (born 1955) was President of TeliaSonera’s Swedish operations
between 2003 and 2006. Prior to that she was employed by SAS 1982–2002. Today,
Marie Ehrling has several board assignments. She is Vice-Chairman of Nordea
and serves as member of the Boards of Securitas, Oriflame and Schibsted, among
Mats Jansson (Born 1951) was CEO of SAS between 2007 and 2010 and prior to
that worked as CEO of Axel Johnson AB (2005 – 2007) and served as Chairman of
the Board and CEO of Axfood (2000 – 2005). Currently Mats Jansson is Chairman
of the Board of Delhaize Group and senior advisor of JP Morgan.
Tapio Kuula (Born 1957) is since 2009 CEO and President of the Finnish Fortum
and prior to that he held several managerial positions in the Fortum Group.
Nina Linander (Born 1959) former partner at Stanton Chase International
between 2006 and 2012 and prior to that Head of Treasury at Electrolux (2001 –
2005). Nina Linander is currently a board member of Neste Oil,
Specialfastigheter and Awapatent, among others.
Martin Lorentzon (Born 1969) founder and Chairman of the Board of Spotify. He
was also founder of TradeDoubler where he also served as a board member.
Kersti Strandqvist (Born 1963) is Head of Corporate Sustainability since 2010
and a member of the Group Management of SCA. Prior to that she served as
business area manager within the SCA Group (1997 – 2010).
Remuneration to the Board of Directors (until the Annual General Meeting 2014)
is proposed to be SEK 1,200,000 to the Chairman (1,100,000), SEK 750,000 to
the Vice-Chairman (450,000) and SEK 450,000 (unchanged) to all other board
members that not are employed by the company.
The remuneration to the Chairman and the members of the Audit Committee is
proposed to be unchanged at SEK 150,000 for the Chairman and SEK 100,000 for
each of the other members. The remuneration to the Chairman of the
Remuneration Committee is proposed to be increased to SEK 65,000 (55,000) and
for the other members to SEK 45,000 each (35,000).
The Nomination Committee believes that TeliaSonera's Board needs to intensify
and deepen its work on sustainability issues. Therefore the Committee
recommends that the Board establishes a special Sustainability and Ethics
Committee. Remuneration to the chairman of such a committee is proposed at SEK
150,000 and SEK 100,000 to each of the other members.
PricewaterhouseCoopers AB are proposed to be re-elected as auditors until the
end of next Annual General Meeting 2014.
TeliaSonera’s Nomination Committee consists of Kristina Ekengren (Swedish
State, Chairman), Kari Järvinen (Finnish State via Solidium Oy), Jan Andersson
(Swedbank Robur Funds), Per Frennberg (Alecta) and the Chairman of the Board,
Anders Narvinger (Chairman of the Board of Directors). The Nomination
Committee represents shareholders with approximately 54.2 percent of the votes
in the company.
For further information please contact the Chairman of the Nomination
Committee Kristina Ekengren: + 46 8-405 58 02,
TeliaSonera AB discloses the information provided herein pursuant to the
Swedish Securities Markets Act and/or the Swedish Financial Instrument Trading
Act. The information was submitted for publication at 8 a.m. CET on February
For more information, please contact the TeliaSonera press office +46 771 77
58 30, email@example.com, visit our Newsroom or follow us on Twitter
Statements made in the press release relating to future status or
circumstances, including future performance and other trend projections are
forward-looking statements. By their nature, forward-looking statements
involve risk and uncertainty because they relate to events and depend on
circumstances that will occur in the future. There can be no assurance that
actual results will not differ materially from those expressed or implied by
these forward-looking statements due to many factors, many of which are
outside the control of TeliaSonera.
TeliaSonera provides network access and telecommunication services in the
Nordic and Baltic countries, the emerging markets of Eurasia, including Russia
and Turkey, and in Spain. TeliaSonera helps people and companies communicate
in an easy, efficient and environmentally friendly way. Our ambition is to be
number one or two in all our markets, providing the best customer experience,
high quality networks and cost efficient operations. TeliaSonera is also the
leading European wholesale provider with a wholly-owned international carrier
network. In 2012, net sales amounted to SEK 105 billion, EBITDA to SEK 36.1
billion and earnings per share to SEK 4.59. The TeliaSonera share is listed on
NASDAQ OMX Stockholm and NASDAQ OMX Helsinki. Read more at
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