Sigve Brekke stepped down from DTAC

Early in January the Sigve Brekke of Telenor took the market by surprise when his resignation from his highly successful position as co-CEO of Total Access Communication (DTAC) was announced. He quit on 13 January.
     According to the Thai newspaper The Nation Brekke said that it is time for DTAC to make a change and the newspaper reported a telecom observer as saying his departure might just be temporary until he comes back to DTAC or the group with a bigger plan.
     “I already achieved my goal at DTAC by improving its market position and financial performance. My job is already done and DTAC can go on without me,” Brekke was quoted as saying, adding that he has no plans for the future.
     Telenor dispatched Brekke to Thailand to become a DTAC director on September 29, 2000 and made him co-CEO on November 18, 2002, a position he was to have for another one and a half years.
     The Bangkok Post writes that his resignation came amid speculation of mounting conflicts over management style and culture with the other co-chief executive, and the company’s shareholders.
     A spokeperson forTelenor says to Dagens Naeringsliv that Brekke resigned because the work was not as satisfying as before in its present phase.
     According to Bangkok Post Brekke said that his resignation was voluntary, as he wanted to seek new challenges.
     Brekke’s replacement is supposed to be decided by Telenor. For the time being he has no formal title in his work at Telenor.

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