Telenor Management

Management criteria checks 3/4

Telenor's CEO is Sigve Brekke, appointed in Aug 2015, has a tenure of 9.33 years. total yearly compensation is NOK16.59M, comprised of 45.2% salary and 54.8% bonuses, including company stock and options. directly owns 0.014% of the company’s shares, worth €2.17M. The average tenure of the management team and the board of directors is 2.2 years and 1.6 years respectively.

Key information

Sigve Brekke

Chief executive officer

NOK 16.6m

Total compensation

CEO salary percentage	45.2%
CEO tenure	9.3yrs
CEO ownership	0.01%
Management average tenure	2.2yrs
Board average tenure	1.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Sigve Brekke's remuneration changed compared to Telenor's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	NOK 10b
Jun 30 2024	n/a	n/a	NOK 9b
Mar 31 2024	n/a	n/a	NOK 7b
Dec 31 2023	NOK 17m	NOK 8m	-NOK 5b
Sep 30 2023	n/a	n/a	NOK 7b
Jun 30 2023	n/a	n/a	NOK 5b
Mar 31 2023	n/a	n/a	NOK 3b
Dec 31 2022	NOK 16m	NOK 7m	NOK 10b
Sep 30 2022	n/a	n/a	NOK 4b
Jun 30 2022	n/a	n/a	NOK 6b
Mar 31 2022	n/a	n/a	NOK 9b
Dec 31 2021	NOK 15m	NOK 7m	NOK 6b
Sep 30 2021	n/a	n/a	NOK 15b
Jun 30 2021	n/a	n/a	NOK 17b
Mar 31 2021	n/a	n/a	NOK 17b
Dec 31 2020	NOK 15m	NOK 7m	NOK 14b
Sep 30 2020	n/a	n/a	NOK 10b
Jun 30 2020	n/a	n/a	NOK 5b
Mar 31 2020	n/a	n/a	NOK 5b
Dec 31 2019	NOK 15m	NOK 7m	NOK 9b
Sep 30 2019	n/a	n/a	NOK 4b
Jun 30 2019	n/a	n/a	NOK 8b
Mar 31 2019	n/a	n/a	NOK 8b
Dec 31 2018	NOK 16m	NOK 7m	NOK 9b
Sep 30 2018	n/a	n/a	NOK 12b
Jun 30 2018	n/a	n/a	NOK 14b
Mar 31 2018	n/a	n/a	NOK 11b
Dec 31 2017	NOK 14m	NOK 7m	NOK 10b

Compensation vs Market: Sigve's total compensation ($USD1.50M) is below average for companies of similar size in the German market ($USD4.91M).

Compensation vs Earnings: Sigve's compensation has been consistent with company performance over the past year.

CEO

Sigve Brekke (65 yo)

9.3yrs

Tenure

NOK 16,594,000

Compensation

Mr. Sigve Brekke is President & Group CEO of Telenor ASA from August 17, 2015. Mr. Brekke joined the Telenor ASA in August 2008. Mr. Brekke served as the Chief Executive Officer of Total Access Communicati...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Sigve Brekke	President & Group CEO	9.3yrs	NOK 16.59m	0.014% € 2.2m
Rita Skjaervik	Executive VP and Chief People	no data	NOK 5.38m	no data
Dan Ouchterlony	EVP & Head of Telenor Amp	2.3yrs	NOK 9.24m	0.0014% € 216.2k
Jannicke Hilland	EVP & Head of Telenor Infrastructure	2.2yrs	NOK 6.74m	0.00058% € 88.3k
Kasper Kaarboe	Acting Executive VP & CFO	less than a year	no data	0.00043% € 65.5k
Cathal Kennedy	Acting CTO	less than a year	no data	no data
Marianne Moe	Head of Investor Relations	no data	no data	no data
Siri Birgitte Berge	General Counsel	no data	no data	no data
Atle Lessum	Acting Senior VP & Head of Communications	no data	no data	no data
Johan Rostoft	Head of Online Marketplaces	no data	no data	no data
Asa Lunde	Head of Telenor Business Division	1.8yrs	no data	no data
Jesper Hansen	Unit Chief Operating Officer	4.3yrs	NOK 3.13m	no data

2.2yrs

Average Tenure

50.5yo

Average Age

Experienced Management: TEQA's management team is considered experienced (2.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Pieter Knook	Director	4.6yrs	NOK 782.00k	no data
Ottar Ertzeid	Director	1.6yrs	NOK 361.00k	no data
Jan Geldmacher	Director	1.6yrs	NOK 387.00k	0.00010% € 15.2k
Nils Bastiansen	Chair of the Corporate Assembly	1.6yrs	no data	no data
Irene Vold	Employee Representative Director	3.6yrs	NOK 497.00k	0.00035% € 53.3k
Jens Olsen	Chairman	1.6yrs	NOK 702.00k	0.0029% € 444.7k
Gyrid Ingerø	Deputy Chair of the Board	1.6yrs	NOK 346.00k	no data
Grethe Bergly	Director	less than a year	no data	no data
Esben Smistad	Employee Representative Director	1.6yrs	NOK 320.00k	no data
Marianne Roren	Deputy Chair of Corporate Assembly	5.9yrs	no data	no data
Nina Bjornstad	Director	2.6yrs	NOK 561.00k	no data
Sune Jakobsson	Employee Representative Director	1.6yrs	NOK 287.00k	0.00040% € 60.9k

1.6yrs

Average Tenure

60yo

Average Age

Experienced Board: TEQA's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.

Telenor Management

Management criteria checks 3/4

Key information

Recent management updates

Telenor ASA, Annual General Meeting, May 21, 2025

Telenor Asa Announces Executive Changes in Telenor Nordics

Telenor ASA Appoints Thomas Kronen as CEO of Telenor Cyberdefence

Telenor Group Announces CEO Changes

Telenor ASA Announces Chief Financial Officer Changes

Telenor ASA Announces Management Changes

Recent updates

Telenor ASA, Annual General Meeting, May 21, 2025

Telenor ASA to Report Q3, 2025 Results on Oct 29, 2025

Telenor Asa Announces Executive Changes in Telenor Nordics

Telenor ASA Appoints Thomas Kronen as CEO of Telenor Cyberdefence

Telenor Group Announces CEO Changes

Telenor ASA Announces Chief Financial Officer Changes

Telenor Asa Proposes Total Dividend for the Financial Year 2023, Payable on 22 May 2024 and 29 October 2024

Telenor ASA to Report Q3, 2024 Results on Oct 30, 2024

Telenor ASA Announces Management Changes

Cisco Systems, Inc. agreed to acquire a 44.6% stake in Working Group Two AS from Telenor ASA.

Telenor ASA Elects Jens Petter Olsen as Chair of the Board of Directors

Telenor ASA Announces Board Changes

Telenor ASA Proposes Dividend for the Year 2022

A consortium led by KKR & Co. Inc. (NYSE:KKR) and Oslo Pensjonsforsikring AS completed the acquisition of 30% stake in Passive fibre assets from Telenor ASA (OB:TEL) for NOK 10.8 billion.

Yoma MFS Holdings Pte. Ltd. completed the acquisition of Digital Money Myanmar Limited from Telenor ASA (OB:TEL).

Telenor ASA to Report Q4, 2022 Results on Feb 02, 2023

Telenor Reportedly Seeks Exits from Pakistan

Telenor Sweden Appoints Anna Cau as Chief People Officer of Management from the Beginning of 2023

Telenor ASA Announces Management Changes

Telenor ASA to Report Q2, 2022 Results on Jul 15, 2022

Telenor ASA Approves Dividend in Two Tranches for 2021, Payable on or About 24 May 2022 and 19 October 2022

Telenor ASA Elects Nina Bjørnstad as New Member of the Board of Directors with Effect from May 11, 2022

Telenor ASA Proposes Split Dividend for the Financial Year 2021, Payable on 24 May 2022 and 19 October 2022

Telenor Denmark Names New Head of Private Customer Division

Telenor Asa Provides Earnings Guidance for the Year 2022

Telenor Asa Provides Earnings Guidance for the Year 2022

Yoma MFS Holdings Pte. Ltd. entered into an agreement to acquire a 51% stake in Digital Money Myanmar Limited from Telenor ASA (OB:TEL) for $53 million.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age