Telenor Connexion names Pekka Lundmark board chair amid ownership shift
Telenor Connexion has appointed former Nokia president and CEO Pekka Lundmark as chair. The move is part of a wider board reshuffle at the IoT connectivity provider. It follows an earlier decision to bring investment company Verdane into its ownership structure.
Pekka Lundmark, a former president and chief executive of Nokia, has been chosen to lead Telenor Connexion’s board. The appointment is part of a wider set of board changes at the internet-of-things connectivity company. It also follows an earlier step to include the investment company Verdane among its owners. These developments point to a period of governance and ownership transition at the firm, though no further details about its strategy or operations are provided.
Changes in leadership and ownership at an IoT connectivity provider could affect businesses and consumers that rely on connected services. If the new board’s