Telenor Welcomes Back Seasoned CFO Torbjørn Wist to Drive Strategic Growth

Telenor Group, the leading telecommunications provider, has announced the appointment of Torbjørn Wist as its new Executive Vice President and Group Chief Financial Officer. Wist, a seasoned finance executive with a proven track record, will rejoin the company he previously served for over 13 years, bringing a wealth of industry expertise and financial acumen to propel Telenor's strategic initiatives.

Unlocking Telenor's Potential with Proven Financial Leadership

Returning to Telenor's Fold: Wist's Homecoming

Torbjørn Wist's appointment as Telenor's new Group CFO marks a homecoming for the accomplished finance professional. Wist previously held various leadership roles within Telenor, including serving as the Senior Vice President and Group Treasurer, where he was responsible for the company's global treasury activities, corporate finance, dividend policy, and financial institution relationships. He also spearheaded Telenor's Group M&A, leveraging his extensive experience in international investment banking with a focus on the telecommunications industry.Wist's deep understanding of Telenor's operations and the broader telecom landscape will be invaluable as the company navigates the evolving industry landscape. His familiarity with Telenor's strategic priorities and his proven ability to drive financial performance will be instrumental in shaping the company's future direction.

Proven Track Record in Financial Leadership

Prior to rejoining Telenor, Wist held the position of Executive Vice President and Chief Financial Officer at Wallenius Wilhelmsen, a global shipping and logistics company. In this role, he was responsible for overseeing the company's business performance, including mergers and acquisitions, accounting, financial control, treasury, investor relations, and tax. Wist's tenure at Wallenius Wilhelmsen also included a 15-month stint as the acting CEO, further demonstrating his versatility and strategic leadership capabilities.Before his time at Wallenius Wilhelmsen, Wist served as the Chief Financial Officer at Scandinavian Airlines System (SAS), where he leveraged his financial expertise to navigate the challenges faced by the aviation industry.

Leveraging Telecom Expertise to Drive Telenor's Growth

Wist's extensive experience in the telecom industry, gained during his 13-year tenure at Telenor, will be a significant asset as he rejoins the company. His deep understanding of the sector's dynamics, coupled with his proven financial acumen, will enable him to contribute to Telenor's strategic direction and financial performance.As Telenor's new Group CFO, Wist will play a pivotal role in shaping the company's financial strategy, ensuring efficient capital allocation, and driving sustainable growth. His expertise in areas such as funding, corporate finance, dividend policy, and mergers and acquisitions will be instrumental in unlocking Telenor's full potential and delivering value for its shareholders and stakeholders.

Collaborative Leadership to Achieve Ambitious Goals

Wist's appointment has been overseen by Telenor's incoming CEO, Benedicte Schilbred Fasmer, who will assume her role on December 1st. Wist has expressed his excitement to work closely with Fasmer and the rest of the executive management team, the board of directors, and the Telenor companies to foster a collaborative culture and achieve the company's ambitious goals.Wist's return to Telenor is a testament to the company's ability to attract and retain top talent. His deep industry knowledge, financial expertise, and proven leadership skills make him the ideal candidate to guide Telenor through its next phase of growth and innovation.