Tele2's Nomination Committee proposes Andrew Barron as new Chair of the Board

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Stockholm – Tele2 AB ("Tele2") (Nasdaq Stockholm: TEL2 A and TEL2 B) today announced that it has been informed that the Chair of the Board Carla Smits-Nusteling has decided not to stand for re-election to Tele2's Board at the 2023 Annual General Meeting, and that the Nomination Committee will propose Andrew Barron as new Chair of the Board.

Andrew Barron joined Tele2's Board in 2018, and was appointed Deputy Chair in 2019. He is currently also a Board member of Verisure, Openreach and Astound Broadband. Andrew has previously served as Chair of the Board of Com Hem Holding AB and of Primacom AG, and as a non-executive Board member of Arris and Ocean Outdoor. Formerly he was COO of Virgin Media and of Modern Times Group MTG, CEO of Chellomedia, an Executive Vice President in Walt Disney Europe and a management consultant at McKinsey & Co. He holds a bachelor's degree from Trinity College, Cambridge University, and an MBA from Stanford University.

Anna Stenberg, Chair of the Nomination Committee, commented: "We are very pleased to propose Andrew as the new Chair of the Tele2 Board. Andrew has been an active and appreciated member of the Board for the last five years, bringing his wealth of experience and deep understanding of the telecom and broadband sector. He has been excellent in his role as Chair of the Remuneration Committee and has contributed to an inclusive and high-performing culture in the Board in his role as Deputy Chair. We are convinced that Andrew will be an excellent Chair of the Tele2 Board contributing with both continuity and forward-looking leadership.”

Anna Stenberg continued: "On behalf of the Nomination Committee, I would like to express our warm thanks to Carla for her significant contribution during her 10 years on the Tele2 Board, and for a brilliant leadership during her last four years as Chair. Carla has been instrumental in the Board's work following the merger with Com Hem and has led the Board through the process in an excellent way with both structure and progress. Her confident and value-driven leadership has created an open and engaging working environment in the Board.”

The Nomination Committee's complete proposals will be presented in the notice convening Tele2's 2023 Annual General Meeting. The Nomination Committee comprises Anna Stenberg, appointed by Kinnevik, Frank Larsson, appointed by Handelsbanken Fonder and Viktor Kockberg, appointed by Nordea Fonder. The three members of the Nomination Committee have been appointed by shareholders that jointly represent approximately 39 percent of the total votes in Tele2.

For more information, please contact:
Samuel Maher, Interim Corporate Communications Manager, Phone: +46 73 159 55 02
Pernilla Grennfelt, Interim Head of Investor Relations, Phone: +46 701 66 31 74


This information is information that Tele2 AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 15:00 CEST on October 24, 2022.

Tele2’s purpose is to enable a society of unlimited possibilities. Ever since Tele2 was founded in 1993, we have continued to challenge prevailing norms and dusty monopolies. Today our networks enable mobile and fixed connectivity, telephony, data network services, TV, streaming and global IoT solutions for millions of customers. We drive growth through customer satisfaction and smart combined offerings. Tele2 has been listed on Nasdaq Stockholm since 1996. In 2021, Tele2 generated revenue of SEK 27 billion and reported an underlying EBITDAaL of SEK 10 billion. For latest news and definitions of measures, please see our homepage