The appointment of Michael Patrick Foley as the new Chief Executive Officer of Telenor Pakistan is expected to propel the Operator’s presence in the Pakistan telecommunications market, where it already has 35 million subscribers. The announcement of the appointment was made recently by Telenor Group and will be taking effect on the 1st of July 2014. Foley will be replacing Lars Christian Iuel who has led the company to deliver strong market and financial performance as well as an agile management team and a competent organization ready to capture further market growth. Iuel will take up a senior management position in Telenor Group in Norway.
Foley, a Canadian citizen, has more than 30 years of sales, marketing and operational experience in the telecom and retail sectors from both advanced and growth markets. He has lived and worked in more than 11 countries. He currently serves as the Chief Commercial Officer of the Canadian State Lottery, Atlantic Lottery Corporation. Telenor Pakistan is currently ranked as the second largest operator in Pakistan, and has been recently awarded the 3G license.
“I am very pleased to welcome Michael to Telenor. His knowledge and experience within telecom, internet and mobile financial services make me confident that he will drive new innovation, quality mass market services and strengthen Telenor Pakistan’s capabilities in delivering internet for all. With Michael’s leadership qualities and vast international experience I am certain that we will continue to see strong results from the Telenor Pakistan team going forward”. “We are grateful to Lars Christian for his leadership over many years, both as a CMO and for the last 2.5 years as the CEO of Telenor Pakistan. Lars Christian leaves behind the most competent and agile telecom management team in Pakistan. He has built an attractive brand for Telenor and every day, more Pakistanis are choosing Telenor as their preferred mobile operator. I wish him all the best in his new role.”
– Sigve Brekke, EVP and Head of Region Asia, Telenor Group
“I look forward to taking on the exciting challenge of joining Telenor Pakistan at this important moment. When the country now firmly transitions into a digital future, Telenor Pakistan is well positioned to provide both new and innovative data-based services as well as best-in-class voice and SMS. The people of Pakistan should expect to see growth in internet penetration during the years to come, to the benefit of individuals, the business community and the society at large. I am impressed with what I’ve learned about the Telenor Pakistan organization and its performance.”
– Michael Foley, CEO, Telenor Pakistan