TELE2 AB announces structural and staff changes affecting TELE2 Russia

TELE2 AB (TELE2) announces separation of the operations in Russia to form a separate market. The TELE2 Russia CEO will be a Vice President of TELE2 and will report directly to Lars-Johan Jarnheimer, TELE2 President. Donna Cordner, the former TELE2's Executive Vice-President of Corporate Finance and Treasury, has been appointed CEO of TELE2 Representative Office in Russia. TELE2 express its' appreciation to Carl-Magnus Stenberg who has worked in Russia for five years. He ensured the company's entry to the market in 2003. The company thanks Carl-Magnus Stenberg for his contribution to the group. By appointing Donna Cordner the CEO of TELE2 Russia the company is confident that her wide experience and capabilities will provide for the company's continuing dynamic development. Donna Cordner is highly experienced in managing companies in the sphere of telecoms and financeВ».

Donna Cordner's biography

Donna Cordner has a strong financial background from her roles as Managing Director and Global Head of telecommunications and Media Structured Finance at Citigroup. She has also held senior management positions at SociГ©tГ© GГ©nГ©rale and ABN Amro Bank N.V. in the United State and Europe. More recently, Donna Cordner was CEO of HOFKAM Ltd., a microfinance company in Uganda and Senior Vice President at Unitus in Redmond, WA. Donna Cordner has been a member of the Tele2 Board of Directors since May 2006. Since 2004, Donna Cordner has also been a member of the board of Millicom International Cellular S.A.

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