Telenor Connexion appointed former Nokia president and CEO Pekka Lundmark (pictured) as its chair, part of a broader board reshuffle at the IoT player linked with an earlier move to bring equity company Verdane into the ownership mix.

Ingrid Wistrand, an executive with experience in the IoT units of Tele2 and Deutsche Telekom, and Verdane representative Morten Weicher are also joining the Telenor Connexion board, as the company moves to broaden the experience among its top brass.

CEO Mats Lundquist said the board shuffle is the “first visible step” in a move to bring Verdane in as a co-owner of Telenor Connexion.

He said the line-up is intended to give the IoT unit a “strong starting point” as it seeks to solidify a frontrunning position in global service provision.

Dan Ouchterlony, Tom Hvammen and Liv Ingeborg Blekkerud remain to oversee corporate development.

Jesper Bruksner is being brought in to handle HR matters: Telenor Connexion highlighted experience in “scaling global technology companies”, having cut his teeth with businesses including digital payments player Klarna and online health provider Kry.

Lundmark led Nokia from August 2020 until April 2025, when Justin Hotard took over.

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