Michael Foley, new CEO of Grameenphone - Share market analysis of dhaka stock exchange, Bangladesh
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09 May, 2017 10:00 AM Source: The Daily Star Bangladesh
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Mobile operator Grameen-phone has appointed Michael Foley as the company's new CEO, effective from May 26 this year.

Petter-B Furberg, who has been serving the mobile operator as interim CEO since October 2016, will now be its chairman, Grameenphone said in a statement yesterday.

The Board of Directors of GP has also appointed Yasir Azman as its deputy CEO, according to the statement.

Azman will also be serving as the chief marketing officer while taking on extended responsibilities for the digital and commercial strategy within Grameenphone and Telenor's Emerging Asia Cluster.

The announcements were made at the 177th meeting of the Board of Directors of the company on May 7.

“I am very pleased that Michael is taking on the challenge of leading Grameenphone through the next phases of digitisation in Bangladesh,” said Sigve Brekke, president and CEO of Telenor Group.

“Grameenphone is on a strong trajectory and it will be Michael's job to ensure continuity to the current direction together with all the employees in Bangladesh.”

Foley, a Canadian by birth, has been with Telenor Group since 2014. He has recently served Telenor Bulgaria as CEO.

Prior to that, he served as CEO of Telenor Pakistan. He has more than 30 years of sales, marketing and operational experience in the telecom, retail and gaming sectors from both advanced and growth markets.

He is a Graduate of McGill University in Montreal with BA in organisational psychology.

“I am honoured and excited to become a part of Grameenphone at a time when connectivity and digitisation is transforming Bangladesh,” said Foley.

“I hope to bring learning from other markets and further strengthen GP's position as a leader in digital services.”

Furberg will also continue as the head of Telenor Group's Emerging Markets Cluster in Asia and remain on the Group's executive management team, according to the statement.

The Emerging Markets Cluster in Asia comprises Telenor Group's operations in Bangladesh, India, Pakistan and Myanmar. Grameenphone is the largest company of the cluster, both in terms of revenues and number of connections.

Christopher Laska will step down as the chairman of the Grameenphone Board of Directors and continue in his role as senior vice president for board governance and partnership relations in Asia 

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