Grameenphone has appointed Otto Magne Risbakk its new chief financial officer (CFO) and Md Arif Uddin as the chief risk officer (CRO).
The newly appointed CFO will grace his position on January 15, 2024, while the CRO’s tenure will be effective from October 1, 2023, according to a press release.
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Congratulating the new CFO and CRO, Grameenphone’s Chief Executive Officer, Yasir Azman said, “I am delighted to have Otto and Arif on board. Otto brings a wealth of global experience and expertise, having worked as a CFO in other Telenor Business Units, which will be a valuable asset for the entire GP Management Team.
"On the other hand, Arif is a home-grown leader with a wealth of experience who has previously held pivotal positions within Grameenphone’s Finance Division. His innovation and out-of-the-box strategies for spearheading risk mitigation and resolving disputes will be adding significant values and efficacy to the overall risk management operations of the organization”.
“I am thrilled to take on the position as CFO of Grameenphone, joining a leading Telecommunications company, not only in Bangladesh, but even at a global scale, and I am looking forward to developing it further alongside the entire Grameenphone team to create the best possible value for Grameenphone’s customers and stakeholders at large,” said Otto.
"I am sincerely honored and thrilled to embrace the role of Chief Risk Officer at Grameenphone. This newfound responsibility underscores the critical importance of risk management in the company's operations and strategic execution within the ever-evolving and challenging business landscape. I am enthusiastic about leveraging my knowledge and experience to pioneer innovative and highly effective risk management functions and strategies. I look forward to working closely with the GP Management Team and contributing to the continued success and resilience of Grameenphone," said Arif.
Otto is a seasoned finance leader with more than 35 years of leadership experience, of which the last 16 years were within the Telecommunication industry. He has recently held CFO positions in Digi Telecommunications in Malaysia and Telenor Denmark and also served many years as Head of Group M&A at the Telenor Group in Norway. Prior to joining Telenor, Otto held various Finance leadership positions in leading companies such as Norsk Hydro, Rieter Automotive, and Schlumberger Ltd, said the release.
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Md Arif Uddin is a highly experienced leader with over 16 years of extensive leadership experience. Having joined Grameenphone in 2002, he has held pivotal positions within our Finance division and played integral roles in various local and international projects. His international exposure includes working at Telenor HQs in Oslo, Norway. Throughout his career, Arif has demonstrated significant contributions beyond his functional responsibilities, it said.