A new organisation for stronger customer focus and value creation

(Fornebu, 27 May 2026) Telenor today announces a simplified and sharpened organisational structure to accelerate execution and support the long‑term value creation strategy presented at the Capital Markets Day. The changes form part of the operational excellence initiatives and financial ambitions announced at the CMD.

Telenor ASA announces a simplified organisational structure, designed to strengthen customer and market proximity, enabling accelerated execution and long-term growth. The composition of the Group Management team will be updated accordingly. 

The changes support Telenor’s strategic priorities set out at the Capital Markets Day in November. The four current Business Areas – Nordics, Asia, Amp, and Infrastructure – will be replaced with a more country-centric structure. 

New Group Management to bring decisions closer to the market

As part of the changes, the Nordic country CEOs will join Group Management directly, removing the current Nordic Business Area layer. This will ensure that customer, market and financial perspectives will be more closely reflected in Group‑level decision-making. 

Effective from 18 August 2026, the Group Management team, led by President andGroup CEO Benedicte Schilbred Fasmer, will comprise the following members:

• Torbjørn Wist, Group CFO. Remaining in his current role, Mr Wist will ensure financial discipline, performance management and focused capital allocation​. He has spent 15 years at Telenor and has previously served as CFO and acting CEO of Wallenius Wilhelmsen, as well as CFO of Scandinavian Airlines. He also has extensive experience from investment banking, with primary focus on the telecommunications industry.
• Jon Omund Revhaug, Chief Technology and Transformation Officer. This role will drive technology-led transformation and simplification, delivering cross-business unit efficiencies and synergies at scale across the Group. ​Mr Revhaug brings extensive international and operational experience from his 25 years with the company. Currently Head of Asia, he has held several key executive positions including acting Head of Nordics.
• Inger Gløersen Folkeson, Chief Corporate Development Officer. This roleis key in defining long‑term strategic direction and help building Telenor’s future revenue streams. Ms Folkeson will manage a development portfolio with assets across various industry life-cycle stages, including the current Telenor Amp portfolio, AI Factory, Skygard and Sovereign Cloud​. She has extensive experience from the telco industry, as CFO in Digi (Malaysia) and Telenor Group Holdings, she has experience from R&I and Group Strategy in Telenor, and most recently, as Head of Customer and Commercial in Telenor Nordics. The development portfolio will be led by Dan Ouchterlony, who will report to Ms Folkeson.
• Birgitte Engebretsen, CEO Telenor Norway. Before being appointed CEO in 2022, she led the business market division at Telenor Norway. Ms Engebretsen joined Telenor Norway in December 2018 as Head of Product & Market.
• Jonas Edén, CEO Telenor Sweden. Mr Edén has led the company since 2025. He joined Telenor in 2012 and has since held several leadership roles, including CTO and Head of B2B. Prior to joining Telenor, he worked at Accenture and Deloitte.
• Jussi Tolvanen, CEO DNA. Appointed CEO of DNA in 2021, Mr Tolvanen previously held several roles at Microsoft, most recently as Country General Manager for Finland. 
• Lars Thomsen, CEO Telenor Denmark. CEO since 2020, Mr Thomsen brings more than 20 years of international experience in IT and telecom, including leading Telenor’s global IoT business and being CMO in Telenor Denmark and Telenor Group.
• Head of Telenor Asia, recruitment in progress. Telenor Asia will operate as a Business Unit alongside the Nordic telecom companies.
• Elisabeth Melander Stene, Acting Chief People & Organisation Officer. In this role, she will build a future‑oriented, high‑performance workforce that accelerates transformation and value creation across Telenor, including AI and digital capabilities. Ms Stene has served as Head of People at both Telenor Norway and Telenor Nordics.
• Thomas Midteide, Chief Corporate Affairs Officer. Mr Midteide currently holds the position of Head of Group Communications and Brand in Telenor and has 15 years of experience from the financial services industry including 10 years in Group Management at DNB. In his new role, he will lead the Communications, Brand, and Corporate Affairs & Sustainability functions.
• Siri Birgitte Bang Berge, General Counsel (GC), will report directly to the CEO as an advisor. Ms Berge has extensive experience in legal advisory work and decision-making processes at executive management and board level, and has served as Group General Counsel since 2018.

Supporting Telenor’s financial ambitions

As outlined at the CMD in November 2025, Telenor is pursuing top-line growth, greater efficiency and operational improvement through customer excellence, simplification, transformation and disciplined capital allocation. 

The streamlining of Telenor’s organisational structure will substantially reduce administrative costs as part of the operational excellence initiatives and financial ambitions announced at CMD. The new structure will support the Group’s financial ambitions of low-to-mid-single digit EBITDA growth, as well as material improvement in free cash flow and return on capital towards 2028 and 2030. 

An updated segment reporting structure will be presented in due course. 

For additional information, please contact:

Frank Maaø, SVP Capital Markets and Investor Relations (+47 91674045) 

David Fidjeland, Director Media Relations (+47 93467224)