ice hires new CFO from Telenor

ice Group has tapped Telenor for its new CFO, citing the exec’s international expertise as a key reason for the hire.

Henning Karlsrud (pictured) will take up the position in March, succeeding Murat Enden, who leaves less than a year after his appointment in May 2017.

Karlsrud joins from his role as Head of Group Strategy at Telenor.

Prior to joining Telenor in 2012 he worked at financial firm Handelsbanken Capital Markets, as well as consultancy firms A.T. Kearney and Boston Consulting Group.

ice owns Norway’s third largest mobile operator, which had 293,100 subscribers and a market share of 5.1 percent as of June and netted revenues of NOK784.4 million in the nine months to September.

The company also owns Net1 in Sweden and holds stakes in Net1 in Denmark, Nextel in Brazil, as well as concerns in Indonesia and the Philippines.

JD Fouchard, CEO of ice group, cited Karlsrud’s “deep understanding of the Norwegian market and the international telecoms landscape” as reasons for the appointment.

Karlsrud said: "I have monitored ice group in general, and its Norwegian operation specifically, for a few years now.  

“I have been very impressed with the group's customer and data centric business model, and how it has capitalised on this to build up a genuine challenger in the Norwegian market in record time.”

Last year, ice paid approximately NOK75 million (around €7.9 million) for 40,000 retail customers from an undisclosed rival in Norway.

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