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TELIA CORRUPTION SCANDAL
TeliaSonera CEO 'forced' to leave post early: report

TeliaSonera CEO 'forced' to leave post early: report

Published: 10 Oct 2012 07:48 GMT+02:00
Updated: 10 Oct 2012 09:40 GMT+02:00

TeliaSonera CEO Lars Nyberg will be leaving his post early in the wake of bribery scandals and the Nordic telecom firm's dealings with dictators. A search for his replacement is already underway.

Nyberg was scheduled to step down as head of TeliaSonera, in which the Swedish state has the largest ownership stake, at the end of 2013.

But now it appears as if Nyberg will be leaving the Finnish-Swedish telecom firm early.

"We can assume that a change in CEO will take place earlier than the previously planned departure at the end of next year," a source with insight into TeliaSonera's recruiting process told the Dagens Nyheter (DN) newspaper.

According to the paper, Nyberg's departure has been hastened due to dissatisfaction over TeliaSonera's business deals in dictatorships like Belarus and Uzbekistan, as well as a number of bribery scandals.

The company has already contacted one of Europe's top headhunting firms to assist in the search for Nyberg's replacement, DN reported.

Last week, Financial Markets Minister Peter Norman demanded changes to the TeliaSonera board of directors, saying the government wanted the company to bring in board members with expertise in human rights.

"As the largest owner, we're going to send a request to the nomination committee to bring that sort of expertise to the board," he told reporters ahead of a parliamentary committee meeting during which TeliaSonera's business deals in Uzbekistan were discussed.

Earlier this week, the TT news agency reported on documents which pointed to direct links between TeliaSonera's Uzbek business partner and the family of Uzbek president Islam Karimov, whose much criticized rule of the country began in 1991.

A man suspected of bribery while serving as the representative for the TeliaSonera's partner also runs a company with the president's daughter, Gulnara Karimova.

Their signatures are seen side by side on documents establishing the company, including the by-laws and name registration documents.

The primary owner of the firm is Gulnara Karimova and the CEO is bribery suspect Alisher Ergashev, who also serves as the representative for Takilant, TeliaSonera's Girbralter-registered partner for doing business in Uzbekistan.

Last month, Sveriges Television (SVT) investigative news programme "Uppdrag granskning" reported that Karimova had close ties to people connected with Takilant, but the documents revealed by TT were the first written confirmation of a formal, direct business link between Takilant officials and the Uzbek president's daughter.

Revelations aired on the SVT programme that TeliaSonera had paid 2.2 billion kronor ($333 million) to Takilant Limited to obtain a 3G licence in Uzbekistan and a 26 percent stake in mobile carrier Ucell prompted the Swedish prosecution authority to launch a preliminary corruption probe into TeliaSonera's licence acquisition deal in Uzbekistan.

Last April, TeliaSonera also came under fire following an SVT report that the company gave state security services access to systems it operates in several countries in the former Soviet Union in order to secure lucrative contracts.

In September, a Stockholm-based manager from TeliaSonera was at the centre of a corruption investigation for a scandal involving suspected bribes including expensive mobile phones, ice hockey matches, and sex club visits.

Following the DN report, however, the TeliaSonera board hinted that the start of the search had nothing to do with the scandals which have plagued the company in recent months.

Lars Nyberg’s current contract expires in December 2013. To find a replacement for a CEO of one of Sweden’s largest corporations is a long process which the Board initiated before the current debate started,” said Anders Narvinger, Chairman of the Board of TeliaSonera in a statement.

TT/The Local/dl

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Your comments about this article

09:02 October 10, 2012 by RobinHood
What about his enormous pension rights? A CEO who trashes the reputation of his/her company by bribing crooked politicians in tin-pot dictatorships shouldn't be entitled to extract huge pensions as a thank you. He/she should be put on a basic state pension, just like any other negligent employee would be.

Currently, it's a win/win for people like Mr Nyberg. No matter what damage he leaves behind him, he becomes an extremely rich man at the public's expense.
10:03 October 10, 2012 by swinglish
Don't worry about his pension, they'll find him another job on the same money doing nothing.
10:57 October 10, 2012 by robban70226
NOT bribery !!! it is call favours in Sweden
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