Telenor’s Chief People Officer is leaving the company after five years in the role.

Jon Erik Haug will leave the company in December to “seek new opportunities”, the Norway-based operator said in a statement.

Haug joined Telenor in 1997, serving as CMO of Telenor Sweden and CEO of Telenor Denmark before taking on the CPO role in November 2012.

He will be replaced by Cecilie B. Heuch, who joins from DNV GL Group, a multinational standards and certification firm for industries including maritime and energy, where she served as Chief HR Officer.

Heuch will join Telenor's Group Executive Management team, reporting to President and Chief Executive Officer Sigve Brekke.

Telenor upped its EBITDA margin outlook for the year after a cost-cutting drive boosted its second quarter results.

According to its annual report for 2016, Telenor Group employed 37,000 people at the end of the year compared to 38,000 at the end of 2015.

In its Q2 2017 results, group revenues rose two percent to NOK31.47 billion, largely thanks to the performance of the operator’s opco in Bangladesh.

Last week, Telenor announced plans to sell of 85 percent of its shareholding in Serbia’s Telenor Banka.

Details of the deal with River Styxx Capital were not disclosed, although Telenor will retain a 15 percent stake in the business, which launched in 2014.

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