After four years as CEO for Swedish telco Tele2, Kjell Johnsen has informed the board that he will be stepping down. Johnsen will remain in his current role until a successor has been appointed.

“I want to thank Kjell for his significant contributions to Tele2’s development during his four years at the helm. Under Kjell’s leadership, Tele2 has established strong foundations to build on. On behalf of the board, we wish Kjell all the very best with his future endeavours,” commented Thomas Reynaud, Chairman of the Board, Tele2.

“It has been a pleasure and a privilege to run Tele2 over the past four years. We have accomplished a lot together, returning to growth in all major areas with a strong balance sheet and cash flow. Building on our challenger culture and our sharp focus on sustainability, I am pleased to hand over Tele2 to a new CEO who can write the next chapter. I now feel that it is the right time for me to pass the baton,” added Johnsen.

The board has notified that it has a succession planning process in place.

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Tags: ceo, sweden, tele2