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Telia dismisses top managers as it tries to clean it face

Friday, 29 November 2013
Swedish / Finnish telecoms company, TeliaSonara has decided to dismiss some core executives also known as “absolute elite”. Four people were forced out, including vice president and CFO Per-Arne Blomquist.

Swedish business daily, Dagens Industri reports on Friday that president Marie Ehrling decided to make the purge after having commissioned  an international law firm, Norton Rose Fulbright, to delve into all the scandalous businesses the company was associated with in the  on the recent years which has gone as far as costing a CEO and chairman job.telia sonera

"The Board's conclusion is that some senior executives no longer have the confidence of the board. Therefore, they have been notified that their jobs will be completed and that they leave their posts with immediate effect, "said Chairwoman Marie Ehrling.

Moreover, Telia is also reported to be passing over the evidence the law firm has gathered to the prosecutors.

Executive Vice President and CFO Per-Arne Blomquist, will leave his position with immediate effect. Christian Luiga will assume the post of acting CFO.

On October 3 this year Tero Kivisaari was fired as head of TeliaSonera's Mobility Services. Johan Dennelind, President and CEO of TeliaSonera  referred to the much criticized business in Uzbekistan as the driver of the dismissal of Tero Kivisaari .

Tero Kivisaari is one of the managers at the telecoms operator suspected of bribery in connection with these transactions.
By Scancomark.com Team

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