Te­lenor Chair­man Har­ald Norvik Re­signs

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Har­ald Norvik, the chair­man of the board of di­rec­tors of Te­lenor has re­signed from his post af­ter a Nor­we­gian gov­ern­ment min­is­ter ex­pressed lack of con­fi­dence in him. A com­pany jointly owned by Te­lenor and la­bor unions sold a 50% stake in TV2 to Eg­mont for 2.1 bn Nor­we­gian crowns ($367 mn) in Jan­uary, giv­ing the Dan­ish firm 100% con­trol. The min­is­ter was ap­par­ently not happy with this deal. Har­ald Norvik will con­tinue as chair­man of the board un­til a new chair­man has been elected by the Cor­po­rate Assem­bly. Norvik has served as chair­man of Te­lenor since May 31, 2007.

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