The decisions of the meeting of the Board of TEO LT, AB (hereinafter ‘the Company’ or ‘TEO’) held on 21 May 2014:
- To elect Board member Robert Andersson as the Chairman of the Company’s Board for the current term of the Board, i.e. till 25 April 2015,
- To elect Board member Stefan Block as the member of the Audit Committee for the current term of the Committee (but in any case not longer than until the term of his membership in the Board) and elect Stefan Block as the Chairman of the Audit Committee,
- To elect the following members of the Board as the members of the Remuneration Committee for the term of one year (until 21 May 2015): Robert Andersson, Claes Nycander and Rolandas Viršilas (independent member of the Board),
- To appoint Lars Bolin as Head of Finance and Strategic Planning Division of the Company from 23 June 2014.
Robert Andersson (born in 1960), a new Chairman of the Company’s Board, was elected as member of the Board of TEO LT, AB on 29 April 2014 (proposed by TeliaSonera AB). He is Executive Vice President and Head of Region Europe at TeliaSonera AB, Sweden. Education: Master of Business Administration, International Business, George Washington University, Washington DC; Master of Science, Accounting/Finance, Swedish School of Economics and Business Administration, Helsinki. He holds 10,000 shares in TeliaSonera AB and has no direct interest in the share capital of TEO LT, AB.
Stefan Block (born in 1967), a new Chairman of the Audit Committee, was elected as member of the Board of TEO LT, AB on 29 April 2014 (proposed by TeliaSonera AB). He is Chief Financial Officer of Region Europe at TeliaSonera AB, Sweden. Education: Bachelor of Science in Business and Administration, University of Stockholm, Sweden. He has no direct interest in the share capital of TEO LT, AB.
Lars Bolin (born in 1963) will lead newly formed Finance and Strategic Planning Division, which will be created instead of current Finance Division. He will be responsible not only for the management of Company’s finances, but also for planning business strategy and control of its implementation.
Lars Bolin for the last four years was Vice-President and Head of Business Control in TeliaSonera Broadband Sweden. He started his professional career in 1990 in Telia, since 2005 he took leading positions in the fields of business control, planning, business development.
Lars Bolin has an Executive MBA degree of the Stockholm School of Economics, he has also Master of Science degree in the field of Industrial Engineering of the Chalmers University in Gothenburg. He has also studied in Gothenburg School of Economics. He has no direct interest in the share capital of TEO LT, AB.
Eglė Gudelytė-Harvey,
Director of Corporate Administration and Legal Affairs Unit,
tel. +370 5 236 7292