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Thursday, October 16, 2014, Kartik 1, 1421, Zilhajj 20, 1435 Hijr

Telenor CEO Jon Fredrik Baksaas one of best-performing on globe
Observer Online Desk
Publish Date : 2014-10-16,  Publish Time : 22:44,  View Count : 0
Jon Fredrik Baksaas, President and Chief Executive Officer (CEO) of Telenor Group, has been named one of the best-performing CEOs in the world by the Harvard Business Review.

The annual list of 100 CEOs is developed based on an assessment of the long-term results delivered by corporate leaders, specifically looking at the increase in total shareholder return and market capitalization, said a Telenor Group press release received here today.

Bangladeshi cellular phone operator Grameenphone is the venture of Telenor Group having business operations in 13 countries. Grameenphone is now serving 5 crore subscribers in Bangladesh.

Baksaas is one of only two CEOs from the telecoms industry and was named 32nd on the list for a market capitalization change during his tenure of US$ 36 billion.

These results have been achieved through the diverse portfolio of established markets in Europe and growth markets in Asia. Baksaas has been in his role as CEO since 2002.


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