Norway's Telenor Group on Wednesday nominated Morten Karlsen Sørby as the new chief executive officer (CEO) of Uninor.
Sørby steps into the role just as Uninor has reached cash flow break even at the end of 2013, after four years of operations in India. Sørby replaces interim CEO Sigve Brekke, who was brought in to take care of the company after then CEO Yogesh Malik quit in November 2012 citing personal reasons.
Sørby’s nomination as CEO is subject to regulatory approvals. The Norwegian national will take over a firm, whose licences were earlier canceled by the Supreme Court. It subsequently secured fresh licences for the next 20 years in 2012 and now has more than 32 million customers in the country’s fastest-growing and populous telecom circles — Uttar Pradesh East, Uttar Pradesh West, Bihar, Andhra Pradesh, Maharashtra & Goa and Gujarat.
“Morten’s vast experience from the global mobile industry and solid leadership skills will inject new energy and further insights into the already empowered Uninor team,” said Jon Fredrik Baksaas, president and chief executive officer of Telenor Group.
Sørby joined Telenor in 1993 and has been a member of the Telenor Group’s executive management team since 2003. He most recently served as the executive vice president in charge of corporate strategy and regulatory affairs at the Group.