STOCKHOLM May 24 The top executives of mobile
operator Tele2 and bank Swedbank are among four candidates on a
short list drawn up by the board of TeliaSonera to be
its next chief executive, a source with knowledge of the process
said on Friday.
Tele2's Mats Granryd, Swedbank's
Michael Wolf and former Tele2 chief executive Lars-Johan
Jarnheimer, are three of the names on the list, the source with
insight into the board's deliberations said.
The source, speaking on condition of anonymity, declined to
name the fourth person in the running to lead a company in which
the state has a 37 percent stake, which makes the appointment
more politically sensitive than for other blue chips.
"There are just four candidates who are remaining," the
source said, adding the candidates had also expressed their
interest in being part of the process.
TeliaSonera and Jarnheimer declined to comment. Michael Wolf
and Mats Granryd could not immediately be reached for comment.
Swedbank and Tele2 declined to comment.
A decision on the new chief executive is due to be made
before the end of June, the source said.
The new head of TeliaSonera will be tasked with restoring a
corporate image damaged by allegations of bribery to win a
licence in authoritarian central Asian state Uzbekistan, which
is being investigated by Swedish prosecutors.
The company has denied any wrongdoing, but former chief
executive Lars Nyberg resigned in February after an internal
investigation criticised the company over its purchase of the
license in 2007, even if it failed to conclude definitively that
a crime was committed.
At the same time, the new chief will have to deal with
running a 2 billion crown ($300 million) cost cutting programme
and a strategic shift from traditional voice-based telephony to
Internet-based data services for smartphones and tablets.
Telia is also embroiled in a near decade-long fight over
ownership and control of Turkcell, Turkeys' biggest
($1 = 6.6654 Swedish crowns)
(Reporting by Olof Swahnberg and Simon Johnson; editing by