Fired Tele2 CEO gets golden handshake
Harri Koponen receives 4.7 million kronor after getting sacked.
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Sweden’s second-largest telephone company Tele2 said in a statement Thursday that its chief executive officer Harri Koponen will leave following “irreconcilable differences over leadership.”
The Board of Directors has appointed Lars Nilsson, the Chief Financial Officer, as the interim CEO. The Board will immediately begin the search for a successor CEO.
Harri Koponen will receive his maximum notice period of 18 month during which he will be paid. That will amount to a minimum of 4.7 million kronor ($652,000), according to a sum-up by business daily Dagens Industri.
The board “fully endorses and supports the strategic direction of Tele2 and is confident in the Executive Board’s ability to continue to execute the strategy,” the company said in the statement.
Harri Koponen joined Tele2 in August 2008 as President and CEO and oversaw a period of increased focus on profitability, the statement said. The company reported a 16 percent increase in fourth-quarter net income to 1.04 billion kronor.
Last Updated (Thursday, 18 February 2010 11:00)
