(NTB/Dagbladet): The set both on row 17 under nobelutdelingen. But in spite of that they just sat a few seats apart from each other, there was apparently a chasm between the ceo and the chairman under the solemn nobelseremonien.
Break set at times with her face in her hands, while Wærsted hardly bestowed a glance in his direction. When the ceremony was over, flocked media around Wærsted.
- This is a very unfortunate case for Telenor. No doubt about it, was her short comment before she rushed on over to town hall Square.
Both positions in danger
the Battle between the two can lead to one of them – or both – must go.
Wærsted ba in the fall Break to go off voluntarily, something he denies.
According to Today’s Businesses to Wærsted have provided covered in the Telenor board of directors until she had the conversation with Him.
Wærsted had the conversation with Him in late summer for a decision that is written nedført in a protocol signed by all the directors, getting the newspaper lit from informed sources.
Disagreement about Wærsted
at the same time there is a disagreement in the board about Wærsted has gone out of its mandate.
Monday is the board of directors of Telenor summoned to the board meeting. It will probably be anything but ordinary, writes E24.
According to Dagens Næringsliv has Telenor’s chairman of the board Gunn Wærsted expressed no-confidence to the ceo Sigve Brekke due to the to be serious issues from his past in Telenor, but without having support for this in the board of directors.
Lack of trust
No one has been publicly forward with the information, but according to DN, there is talk about the “centrally placed sources”.
Sources also enlightens to the newspaper that an internal styreevaluering conducted by the consulting firm Russell Reynolds, describes a lack of confidence between the chairman of the board and chief executive officer.
the Report will also point out the problem with that Wærsted not have greater confidence in the board of directors.
Skjebnemøte
Wærsted has on his side declined towards the VG that she runs with the “sololøp”. It has not succeeded Dagbladet to get a comment from her.
Deputy chairman of the network the Chairman of the board and even the experienced chairman of the board, Merete Lütken, believes the conflict must have consequences for either the Break or Wærsted, who took their positions respectively in august 2015 and January 2016.
Sigve Brekke is in addition to the ceo head of Telenor’s operations in Asia. He joined Telenor in 1999. Several predicted an early retirement for him, among other things, when it was known that he had cheat on your CV.
Gunn Wærsted was formerly Nordea’s executive vice president.
In the situation that has arisen with mistrust between the chairman and the ceo, then it is inconceivable that both will be seated. The company may not live long with the situation, and avklaringen should come quickly, ” says Merete Lütken in the Chairman of the board.
Critical issues
Topplederstriden comes on top of a number of critical issues that the board must treat: the Fine from the Competition authority on 906 million for abuse of market power, Telenor’s new strategic plan, the activities in Denmark after the Eu competition authority rejected a merger between Telenor and Telia, as well as the mistrøstige betting in India.
Here, the Telenor board of directors to decide whether they should invest even more billions to acquire the necessary licenses, or pull out.
It can in this case mean that the company will lose the 25 billion that has so far been invested, according to E24.
India has been break off their own large-scale initiative. According to Finansavisen, Telenor has fallen by 55 billion in value since Break took over as chief.
Evaluation
In addition, the board of directors shall also treat a recent evaluation of the schism between the peaks in the company.
According to DN points out the report also that there is a big problem that Wærsted do not have greater support in the board of directors, which has 11 members.
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