Former Telenor exec named as CFO of ice group

By:
Natalie Bannerman
Published on:

Henning Karlsrud, the former head of group strategy at Telenor group, has been named as the new chief financial officer for ice group

Henning Karlsrud has appointed as the new chief financial officer of ice group.

Karlsrud, the former senior vice president and head of group strategy at Telenor Group, enters the role with approximately 5 years’ experience in the telecoms sector.

Commenting on his new appointment, Karlsrud said: "I have monitored ice group in general, and its Norwegian operation specifically, for a few years now. I have been very impressed with the group's customer and data centric business model, and how it has capitalised on this to build up a genuine challenger in the Norwegian market in record time."

Prior to that he held various roles in the world of corporate finance and management having worked for Handelsbanken Capital Markets' corporate finance team and before that having worked with management firm A.T. Kearney and four years with the Boston Consulting Group in Norway.

"Henning's deep understanding of the Norwegian market and the international telecoms landscape will make him a highly valuable asset to ice group," said JD Fouchard, CEO of ice group.

Karlsrud is taking over from current CEO Murat Erden who will continue to support the executive management team until March 2018 when Karlsrud enters the role.

ice is Norway's third largest network operator and provider of voice and wireless data services, just behind Telenor and TeliaSonera. It had approximately 293,100 subscribers and a market share of 5.1% as of June and netted revenues of NOK784.4 million ($99 million) in the nine months to September.

In addition, the company also owns Net1 in Sweden and holds stakes in Net1 in Denmark, Nextel in Brazil, as well as licenses in Indonesia and the Philippines.

Telenor recently selected Nokia as it’s to replace and upgrade its optical network in Norway and Sweden, a move the company said lays the ground work for software-defined networking technology (SDN) upgrades. The next-gen optical network will use Nokia's optical transmission technology, built on the Finnish vendor’s advanced wavelength routing.