Sweden: Swedish telco Telia names new president and CEO

Swedish telco Telia Company has named Patrik Hofbauer as its new president and CEO, bringing the company's search for a CEO since July to an end. The board of directors agreed with the decision to appoint Hofbauer, and he will be leaving his role as CEO of the gambling firm Svenska Spel to begin his role at Telia on February 1, 2024. 

Lars-Johan Jarnheimer, Telia Company's chair of the board, said, "The Board and I are convinced that Patrik is the right person to continue leading this work as President and CEO, together with Telia's experienced executive management team and dedicated colleagues across the organization."

Hofbauer added, "Telia plays an important role for its customers and the societies it serves and is uniquely positioned to continue driving digitalization across its footprint and build on its network and technology leadership position. While I have most recently been working outside telecoms, I have followed recent industry developments with great interest, and I am ready to continue executing on Telia's strategy and move forward with its digital transformation program."