Monday, 2 July 2012

TDC finds new CEO from within

Danish telecommunications company TDC A/S (OMX: TDC) says Carsten Dilling will replace Henrik Poulsen whose imminent departure announced in April caused a small dent in the stock market price which has been recovered in full during June. Mr. Dilling is a 50-year old Business Administration graduate with almost 20 years of experience from IBM. His previous CEO experience is from solutions developer Columbus A/S (CPH: COLUM, then Columbus IT Partner A/S), where he worked for 3.5 years and left on good term when being replaced by a candidate from Microsoft as the company was revamping its strategy and then from another IT sector sales company Ementor A/S.

Since 2007 Mr. Dilling has been with TDC, first as senior EVP of TDC Fixnet and later that of TDC Operations and since last year as also as a COO. TDC’s Board said the company wanted to maintain solid development achieved during Poulsen’s reign but at the same time they say that the current strategic plan expires by the end of the year and that they will soon present results of strategic updates going towards 2015. For now Dilling will also continue as TDC Operations EVP. The stock is trading slightly in the red as investors feel some uncertainty from the strategy update in particular.

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