Telia names Tim Pennington interim EVP and CFO

Tim Pennington

Nordic telco Telia Company has appointed Tim Pennington as interim executive vice president and CFO, following the departure of Per Christian Mørlan. 

Pennington replaces Per Christian Mørland, who leaves Telia at the end of September, he will also serve as member of the group executive management team.

The exec will serve as interim CFO until a permanent successor is in place. Mørland will continue to serve as an advisor to the company until at least September 2024.

Pennington has previously served as CFO of Millicom, Cable & Wireless Communications and Hutchison Telecommunications International Ltd, and is currently an independent non-executive director at MTN Group.

Telia also revealed Dan Strömberg, senior vice president, head of LED (Lithuania, Estonia and Denmark) and a member of the executive management team, will retire in August. The head of LED role will be removed following Strömberg’s exit.

Telia Lithuania CEO Giedrė Kaminskaitė-Salters and Telia Estonia CEO Holger Haljand will report directly to Allison Kirkby, Telia Company President and CEO, but not become members of the Group Executive Management team.

Allison Kirkby, Telia Company president and CEO, said: “I’m delighted to welcome Tim to Telia as we will benefit immensely from his deep and extensive industry and financial experience. At the same time, we are saying goodbye to Dan Strömberg, who is retiring after 43 years of dedicated service to Telia. It’s increasingly rare for anyone to stay with one company for such a long time and so I would like to take this opportunity to thank Dan for his exceptional contribution to Telia and wish him all the very best for a well-earned retirement.”