Stig Eide Sivertsen to Leave Telenor

OSLO, Norway, Sept. 11, 2007 (PRIME NEWSWIRE) -- Executive Vice President and Head of Telenor Broadcast, Stig Eide Sivertsen, has handed in his notice of resignation.

"I have been with Telenor for approximately 10 years. It has been a tremendous time with significant changes in markets, technologies and organisation. It has been exciting to be a part of this, and a privilege to lead Telenor Broadcast into what it is today. I will miss many skilled colleagues when I leave Telenor. I have, however, decided to pursue opportunities outside Telenor," says Stig Eide Sivertsen.

"We regret that Mr. Sivertsen has decided to leave Telenor. He has delivered a solid performance for the company, and the success of Telenor Broadcast is attributable to him and his team - it will now be further developed with new management. I wish Mr. Sivertsen every success in his future endeavours," says President and CEO of Telenor, Jon Fredrik Baksaas

Sivertsen joined Telenor in 1997. His notice period is six months.


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