Telia's CEO Johan Dennelind Plans to Step Down in 2020

  • CEO submitted resignation in accordance with 12-month notice
  • Shares underperformed under Dennelind, who focused on Nordics
Johan DennelindPhotographer: Johan Jeppsson/Bloomberg
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Telia Co. Chief Executive Officer Johan Dennelind has told the board of the Swedish telecom company that he plans to leave after six years at the helm.

Dennelind submitted his resignation letter in accordance with the 12-month notice period in his contract. The search for his successor will start immediately, the company said in a statementBloomberg Terminal.