Telecom operator Telenor today announced the appointment of Benedicte Schilbred Fasmer as new President and CEO.
Benedicte Schilbred Fasmer will replace Sigve Brekke, who has decide to leave the telecom giant on December 1st after working for more than 9 years as President and CEO of Telenor.
Telenor’s Board of Directors has carried out an extensive process to identify the right candidate for the position of Sigve Brekke. Sigve Brekke, the current CEO, has a contract that stipulates retirement at the end of 2024.
The board started the process of finding Sigve Brekke’s successor this winter. As part of this thorough process, several strong internal and external candidates were considered.
“Benedicte, together with all the talented employees in Telenor, will continue to deliver great results in the company’s next phase. Telenor’s financial targets stand firm, and there are no plans for any strategy shifts. Benedicte’s strong track record from technology and customer driven companies, and extensive top manager and board experience have impressed the board,” says Chair of the Board Jens Petter Olsen.
CV Benedicte Schilbred Fasmer
Jan 2021- CEO in SR-Bank ASA (OSE: SRBNK)
2020 GEVP in Fremtind Forsikring, Corporate Banking
2015-2020 GEVP in DNB Bank ASA, Corporate Banking (OSE: DNB)
2011-2015 Argentum Asset Management
2007-2011 GEVP Sparebanken Vest, Capital Markets & Treasury
2002-2007 Rieber & Søn ASA, Group Treasury & Investor Relations
2001-2002 Pareto Securities ASA, Corporate Finance Advisor
2000 Nautopolis.com, Country Head Norway
1991-2000 Citibank, VP
Board Experience (selection)
Has held the role of Chair in SpareBank 1 Gruppen, Fremtind Forsikring, Finance Norway, Oslo Stock Exchange. Board member in Vocalink Ltd, Norges Bank (Central Bank of Norway), Entra, Vipps, Norwegian Air Shuttle, Sevan Drilling, Vesta Forsikring, Fana Sparebank.
Benedicte Schilbred Fasmer
Benedicte Schilbred Fasmer is currently the CEO in SpareBank 1 SR-Bank, which is in the process of executing on the largest Norwegian banking merger in 25 years.
She has previously been a Group EVP of the insurance company Fremtind Forsikring and a Group EVP in DNB Bank as Head of Corporate Banking.
In addition, she has significant capital markets experience including private equity, corporate finance and several banks including Citibank, as well as from the FMCG industry.
Her board experience includes serving as the Chair of the Oslo Stock Exchange, a member of the Supervisory Board of the Central Bank of Norway, and being a board member of Vipps, Norway’s market-leading payment app.
Benedicte is from Bergen, is married and has two children.
“I have been working with digital innovation and transformation for two decades, and in my opinion banking and the telco industry are facing similar disruptions. I am very much looking forward to contributing to continued growth and customer centricity in Telenor,” says Benedicte Schilbred Fasmer.
