Kjell Johnsen has been at the group’s helm for four years – Iliad Group acquired a 19% stake in Tele2 in February
Kjell Johnsen, Tele2’s CEO, has resigned. The Tele2 group has opcos in Sweden, Estonia, Latvia and Lithuania. Johnsen will remain in the role until a replacement is found.
Thomas Reynaud, Tele2’s chair and CEO of France’s Iliad Group, said, “I want to thank Kjell for his significant contributions to Tele2’s development during his four years at the helm.”
Iliad Group is controlled by the French telecoms entrepreneur and billionaire Xavier Niel. It acquired a 19.8% stake in Tele2 in February.
Johnsen said, “It has been a pleasure and a privilege to run Tele2 over the past four years. We have accomplished a lot together, returning to growth in all major areas with a strong balance sheet and cash flow.
“Building on our challenger culture and our sharp focus on sustainability, I am pleased to hand over Tele2 to a new CEO who can write the next chapter.”
Tele2 reported a year-on-year increase o 1% in revenues to SEK7.3 billion (€640.63 million) in its Q2 earnings report. Last week Iliad Group reported its H1 revenues were up 10.3%.
After the Tele2 acquisition and nett additions, Iliad claims to be Europe’s fifth biggest operator group by subscribers.