Telenor Board,Baksaas terminate consultancy agreement
09 November 2015, Nirapad News: Former CEO Mr. Jon Fredrik Baksaas and the Board of Directors in Telenor Group Monday reached a mutual agreement to terminate Baksaas’ consultancy agreement with the Board. Baksaas has also notified the Board that he will refrain from bonus payment for 2015. The decision is effective from today.
“The recent developments in the ongoing investigations of VimpelCom make my role as strategic advisor to the Board in Telenor challenging. I have dedicated my career to Telenor and find the situation very unfortunate, complex and sad for the company. It is vital that Telenor’s management and Board of Directors now have room to handle the situation effectively. I hope my decision will contribute to this and wish Telenor and all its great employees all the best,” says Baksaas.
Baksaas stepped down as CEO of Telenor Group in August 2015 after 13 years. He has since then served as a strategic consultant to the Board of Directors, reporting to the Chairman of the Board.