Telia Company announced a corporate restructure designed to “enhance business focus and speed up decision making”.
The new structure, implemented from 1 January 2017, will see the company scrap its regional management layer in favour of a new approach whereby its operations in different countries report as separate units.
The change means that Telia’s Norwegian and Finnish operations will now join its group executive management, a move also representing an increased focus on the Nordic and Baltic markets.
In Finland, there are some changes. The company named Stein Erik Vellan as its new CEO, replacing the current CEO Vaidur Laid.
Vellan will join the group executive management team, as part of the new structure, along with Abraham Foss, the current CEO in Norway.
Operations in Lithuania, Estonia and Denmark will form a cluster overseen by Henriette Wendt, the company’s current head of corporate development.
The company also formed a corporate holdings unit to manage its holdings in a number of different operations.
This includes its interests in Turkcell and Megafon, its operations in Latvia, and Telia Carrier, the company’s internet backbone business.
Robert Andersson, current head of Europe region, will manage the new unit.
“With an increased focus on our operations in the Nordics and Baltics, this new management structure will enhance transparency and enable us to ramp up execution across all our market,” said Johan Dennelind (pictured), president and CEO.