Torbjørn Wist appointed new Chief Financial Officer

31 Jul 2024 07:00 CEST

Telenor Group has appointed Torbjørn Wist as new EVP and Group CFO. He is an
accomplished CFO who previously worked 13 years for Telenor. He will start no
later than 1 February 2025.

We are very pleased to have Torbjørn back on the Telenor team as a strong
contributor to our strategy, securing deep telecom-industry insight and
excellent financial execution.

Experienced CFO

Torbjørn Wist is a business-oriented CFO with strong financial expertise and
leadership skills, and with a solid track record both from Telenor and other
listed companies. He is currently Executive Vice President and CFO in OSE-listed
global shipping and logistics company Wallenius Wilhelmsen, where he also held
the position as acting CEO for a 15 month period until the end of May 2022. As
CFO in Wallenius Wilhelmsen he is responsible for Business Performance including
M&A, Accounting and Financial Control, Treasury, Investor Relations, and Tax.
Prior to joining Wallenius Wilhelmsen he was the CFO in Scandinavian Airlines
System (SAS).

Extensive telco track record

Wist previously worked over 13 years for Telenor. He served as SVP & Group
Treasurer, responsible for Telenor’s global treasury activities including
funding, corporate finance activities, dividend policy and managing
relationships with financial institutions. He also headed up Telenor’s Group
M&A, having spent a decade in international investment banking with a primary
focus on the telecoms industry before joining the company.

“Returning to Telenor as Group CFO is a great honor and a privilege. Telenor is
in a unique position to create value for its shareholders and other stakeholders
by providing innovative and customer-centric solutions that leverage the power
of technology. I am excited to become part of this journey and contribute to the
group's strategic direction and financial performance”, Wist says.
The process of hiring Telenor’s next CFO has been overseen by the incoming CEO,
Benedicte Schilbred Fasmer. She will, as earlier announced, start in Telenor by
1 December.

“I look forward to working with Benedicte and the rest of the executive
management team, the board of directors, the Telenor companies, and the
corporate functions in building a collaborative culture to achieve our aims”
Wist says.

«I am pleased that Telenor will get a strong and experienced CFO in Torbjørn
Wist, and I am certain that he will be a great choice for Telenor going forward.
Until Torbjørn joins us, Kasper Wold Kaarbø will continue as acting CFO», says
CEO Sigve Brekke.

CV Torbjørn Wist (b. 1968)
• EVP & CFO, Wallenius Wilhelmsen ASA. October 2020 – present
• EVP & CFO, Scandinavian Airlines Systems (SAS). March 2018 – September 2020
• SVP & Group Treasurer, Telenor ASA. June 2012 – February 2018
• SVP & Head of M&A, Telenor ASA. April 2008 – June 2012
• Director Group M&A, Telenor ASA. November 2004 – April 2008
• SVP, Greenhill & Co. International (UK). July 1998 – June 2004
• Associate TMT, Merrill Lynch International (UK). January 1996 – June 1998
• Financial Analyst TMT, Salomon Brothers (USA & UK). July 1993 – Dec. 1995
• Degree in business administration (Siviløkonom) from the Ivey Business School
at the University of Western Ontario, Canada. September 1989 – June 1993

Media contact:
SVP Communications: Thomas Midteide +47 96 23 20 17

Investor relations:
SVP Capital Markets and Investor Relations: Frank Maaø +47 91 67 40 45

More information:
Access the news on Oslo Bors NewsWeb site