Categories: BusinessBusiness news

Telenor CEO Baksaas one of best-performing on globe

Jon Fredrik Baksaas, President and Chief Executive Officer (CEO) of Telenor Group, has been named one of the best-performing CEOs in the world by the Harvard Business Review.

The annual list of 100 CEOs is developed based on an assessment of the long-term results delivered by corporate leaders, specifically looking at the increase in total shareholder return and market capitalization, said a Telenor Group press release received in Dhaka on Thursday.

Bangladeshi cellular phone operator Grameenphone is the venture of Telenor Group having business operations in 13 countries. Grameenphone is now serving 5 crore subscribers in Bangladesh.

Baksaas is one of only two CEOs from the telecoms industry and was named 32nd on the list for a market capitalization change during his tenure of US$ 36 billion.

These results have been achieved through the diverse portfolio of established markets in Europe and growth markets in Asia. Baksaas has been in his role as CEO since 2002.

Tech and Teen

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