Foley becomes Grameenphone CEO

Business Desk | Published: 22:46, May 08,2017

 
 

Michael Foley

Grameenphone’s board of directors has appointed Michael Foley as the company’s chief executive officer with an effect from May 26, said a news release.
Petter-B Furberg, who has been serving as interim CEO since October 2016, will remain with GP in the capacity of chairman of the telecommunication company’s board of directors.
GP’s board of directors has also appointed Yasir Azman as deputy CEO.
Azman will remain as chief marketing officer, while taking on extended responsibilities for the digital and commercial strategy within GP and Telenor’s emerging Asia cluster.
The announcements were made following the 177th board meeting on Sunday.
‘I am very pleased that Michael is taking on the challenge of leading Grameenphone through the next phases of digitisation in Bangladesh. 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,’ said Sigve Brekke, president and CEO of Telenor Group.
Foley, a Canadian by birth, has been with Telenor Group since 2014, most recently as the CEO of Telenor Bulgaria. Prior to that, he served as CEO of Telenor Pakistan.
‘I am honoured and excited to become a part of Grameenphone at a time when connectivity and digitisation is transforming Bangladesh. I hope to bring learnings from other markets and further strengthen GP’s position as a leader in digital services,’ said Foley.
Furberg will continue as head of Telenor Group’s emerging markets cluster in Asia and remain on the Group’s executive management team.
The emerging markets cluster in Asia comprises Telenor Group’s operations in Bangladesh, India, Pakistan and Myanmar.
Christopher Laska will step down as chairman of the GP’s board of directors and continue in his role as senior vice-president for board governance and partnership relations in Asia.

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