Breaking: Telenor Pakistan’s CFO Gets Replaced

Telenor Pakistan today announced the appointment of Espen Brettås Dahle as its new Chief Financial Officer (CFO), effective immediately, we have checked with the company.

Gabor Kocsis, who joined Telenor Pakistan as CFO in May 2013, resigned from his position to pursue new opportunities outside Telenor Group.

Development is result of a human error, as Telenor puts it, that happened during (Telenor Pakistan’s) financial reporting for Q4 2014. Our sources tell that Gabor Kocsis, when identified last week, accepted the mistake and decided to step down from his position.

Telenor says that error has been rectified in Telenor Pakistan’s financial reports for fiscal year 2014 and only corrected data will be used now onwards.

Espen Brettås Dahle, upcoming CFO of Telenor Pakistan, joins the company from the role as a Director in Telenor Group where he manages projects within the area of mergers and acquisitions as well as financial services.

Mr. Brettås Dahle has extensive experience from projects in Asia, including financial services and online classifieds, says a statement issued by the company.

Brettås Dahle joined Telenor Group in 2011, coming from EDB Business Partner, an IT services provider majority owned by Telenor at the time, where he held prominent roles within M&A, treasury and financial reporting.

Brettås Dahle also worked as a financial analyst at Omnicom Media Group.

Mr. Brettås Dahle is currently a board member at Alliance Venture, a Norwegian capital venture firm investing in early stage companies. Espen Brettås Dahle earned a Master of Business and Economics from BI Norwegian Business School.

“I would like to welcome Espen to Telenor Pakistan. He brings more than ten years of experience from Telenor Group companies and has deep insight into the emerging areas of financial services and new, digital solutions. We look forward to working with him as a key member of the management team and as a colleague to everyone in Telenor Pakistan,” says Michael Foley, CEO Telenor Pakistan.

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