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Ex-Telenor boss ‘one of world’s best CEOs’

Former Telenor head Jon Fredrik Baksaas has been ranked the seventh best-performing chief executive in the world by the respected Harvard Business Review.

Ex-Telenor boss 'one of world's best CEOs'
Jon Fredrik Baksaas presents his last set of Telenor results in July. Photo: Torstein Boe / NTB scanpix
The 2015 edition of the magazine’s global CEO list saw Baksaas leap from the 32nd place he achieved in the ranking last year, largely as a result of the decision to change the ranking criteria to include environmental, social, and governance (ESG) issues. 
 
Baksaas left the state-controlled mobile phone company in August after a 13-year reign which saw him turn Norway’s national operator into an emerging markets champion with operations in 29 countries.
 
Telenor chairman Svein Aaser lauded him as “one of the most important industry leaders in Norway in modern times,” when his replacement was announced in May.  
 
Aaser said in May that Baksaas’s decision to expand the company into Asia in 2003 had brought it 100m new subscribers, representing more than half the company’s total, and contributing 40 percent of its market capitalisation. 
 
Scandinavian chief executives performed better in this year’s list than those of any other region, with Lars Rebien Sorensen, the Danish boss of Novo Nordisk, ranked the world’s best-performing company boss, and Michael Wolf, the chief executive of Swedbank, ranked in 9th place. 
 
According to Harvard Business Review, the ranking was calculated by weighting environmental, social, and governance issues at 20 percent in the ranking, with the rest determined by the country-adjusted and industry-adjusted total shareholder return over each chief executive’s tenure up, until April 2015.  
 
Without including  environmental, social, and governance issues, Baksaas would have come in at 34th, and Lars Rebien Sorensen in 6th. 
 
The aftermath of Baksaas’s tenure has seen growing questions over his commitment to rooting out bribery in the company's subsidiaries.  
 
The company last month announced plans to sell its stake in Vimpelcom, the Russian mobile phone company, which has been shown to have bribed the daughter of Uzbekistan’s dictator in order to win mobile licences. 
 
 
 

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SAMI

Today in Norway: A roundup of the latest news on Tuesday

Found out what’s going on in Norway on Tuesday with the Local’s short roundup of important news.

Today in Norway: A roundup of the latest news on Tuesday
The northern lights in Tromsø. Photo by Lightscape on Unsplash

One in ten international students in Norway has had Covid-19

Ten percent of overseas students studying in Norway, compared to just 2.9 percent of Norwegian students, have had Covid-19, according to the Students Health and Well Being Survey (SHoT).

Some 62,000 thousand of Norway’s 300,000 students responded to the survey.

READ MORE: Are Norway’s Covid-19 numbers on track for reopening?

Overall, nearly three percent said that they been infected with the Coronavirus, just over half have had to self isolate, and 70 percent took tests.

Woman in her 40’s charged with murder

A woman has been charged with murder in Halden, southeast Norway after a body was found in an apartment in the towns centre.

She will be questioned on Tuesday. A public defender has been appointed. 

Six police cars attended the scene at a small housing association in the centre of Halden.

A person found in the same apartment is being questioned as a witness.

Network provider Telenor’s revenues down 2.1 billion kroner compared to last year

Telenor’s revenues are down 2.1 billion in the first quarter and the company has written of its 6.5 billion kroner investment in Myanmar following Februarys military coup.

The mobile network operator became one of the first foreign providers in the country and had gained a 35 percent market share.

However, the country’s new military regime shut down the mobile network on March 15th.

“In Myanmar, we are experiencing a confusing and uncertain situation. We are deeply concerned about the development in the country,” The company stated in its quarterly report.

Norway and Sweden in reindeer border dispute

Swedish Sami reindeer herders will appear in court this week in a case against the Ministry of Agriculture and Food.

The Swedish Sami herders believe they have exclusive rights to grazing areas across the Norwegian border because they have lived in the surrounding area for hundreds of years. The Norwegian government rejects these claims.

The reindeer grazing convention will be central to the case; the convention facilitates mutual cross-border grazing for reindeer herds.

Sweden withdrew from the convention in 2005. However, Norway enshrined the convention in law in 2005.

483 Coronavirus infections recorded

On Monday, 483 new cases of Covid-29 were registered, an increase of 75 compared to the average of the previous week.

READ ALSO: Norway considers lifting measures for people who have had their first Covid vaccine 

This is down from 1150 cases registered during the peak of Norway’s third wave on March 16th.

This is partly because fewer infections are registered during weekends and public holidays, causing an uptick on Mondays.

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