Reuters logo
UPDATE 1-Telenor's Tapad appoints new CEO, replacing founder
June 8, 2017 / 1:32 PM / 6 months ago

UPDATE 1-Telenor's Tapad appoints new CEO, replacing founder

(Adds more information)

June 8 (Reuters) - Telenor Asa:

* Telenor’s marketing technology company Tapad says board appoints Sigvart Voss Eriksen as new CEO, replacing company co-founder Are Traasdahl

* Traasdahl will transition to chairman emeritus, a senior advisory role at Tapad

* Telenor bought Tapad in February 2016, valuing the firm at $360 million

* In February 2017, Telenor recorded a NOK 1 billion ($117.91 million) impairment in Tapad as a result of lowered growth expectations within U.S. media advertising

* “Having been 16 months since Tapad’s acquisition by Telenor and seeing the company thrive, it was a very natural transition that I shift operational day-to-day responsibilities to a new CEO,” Traasdahl said in a statement on Thursday

* Tapad says Voss Eriksen, who joined Telenor in 2001, "will focus on evolving the company's already successful core graph and identity cross-device products, with a continuous investment in improving the infrastructure to create new features and vertical solutions for marketers" Source text: Further company coverage: ($1 = 8.4813 Norwegian crowns) (Reporting By Terje Solsvik)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below