– I had an grief here in the spring, but now it’s really okay to should stop. It has been an amazing journey, says former CEO of Telenor, Jon Fredrik Baksaas told DN.
According to the newspaper full of roses owners, employees and analysts Baksaas’ efforts as CEO.
Despite a reviled India Investment and expensive shopping trips in Europe, the company has grown tremendously in Baksaas’ time as CEO:
Not only has the value of the company increased from 48 to 270 billion, the number of mobile subscribers has risen from roughly ten million to 192 million in 13 countries.
According to the newspaper, the Telenor share given investors an annual return of 14 percent. This is far better than either brother to the east, Swedish TeliaSonera, and the average for other European telecommunications companies.
Baksaas, leaving his new position in August says he has survived everything from power struggles billion values to open criticism from Nobel -talerstolen, corruption scandals, pay criticism, analyst jaw and owner interference. And seven ministers have come and gone during Baksaas’ time in Telenor.
– That shows only that CEOs sit longer than ministers, Baksaas said to DN.
DN writes that Baksaas started CEO since Telenor share was at lows after the dotcom collapse, the merger with Swedish Telia was shelved and the company stood in the middle of major cuts and downsizing rounds.
– I started with the idea to accelerate growth Telenor, with the assumption that the mobile phone would become common property. But we could not anticipate that growth would come so quickly, says Baksaas said.
– In this period, Telenor has gone from national to international player and one of the best known consumer brands from Scandinavia, along with Ikea and Hennes & amp; Mauritz. It is not generally known in Norway, he added.
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