Beyon Announces New CEO

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Beyon has announced that Mikkel Vinter will step down as CEO of Beyon after a successful six-year tenure that spearheaded the digital transformation of the Beyon Group. Andrew Kvalseth has been appointed as new CEO effective March 25, 2020.^t August 2024.

Andrew Kvalseth has over 20 years of international leadership experience in TMT, financial services, online markets, e-commerce and digital transformation. He has held senior management positions ranging from Chief Commercial Officer, Chief Investment Officer to CEO and President at leading companies including Telenor and Schibsted.

Beyon Chairman Shaikh Abdulla bin Khalifa Al Khalifa said: “Mikkel Vinter joined the company in 2019 and we embarked on an exciting journey to transform Batelco and launch Beyon. With Mikkel, his leadership qualities and vision, we have achieved extraordinary results and achievements across all areas of the business, including telecommunications, global connectivity, international investments and digital development.”

“On behalf of the Board, I would like to express my sincere gratitude and thank Mikkel for all the work he has done, which has led to a true transformation of Beyon into a leading global technology company and a great place to work.”

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“The Board is delighted to announce Andrew Kvalseth as our new CEO,” added Shaikh Abdulla. “Andrew’s track record and experience in telecommunications, digital and investment aligns well with our vision and growth strategy for Beyon. This appointment is the next natural step in building a strong and experienced management team that will lead Beyon toward its vision and meet the expectations of the Board and shareholders. We welcome Andrew to Beyon and wish him all the best.”

Beyon recently announced key appointments to its leadership team. Maitham Abdulla has been appointed CEO of Batelco, Shaikh Mohamed bin Khalifa Al Khalifa has been appointed CEO of Beyon Digital Growth, Reem Altajer has been appointed Chief Financial Officer, Jehan Hasan has been appointed Chief Strategy Officer of Beyon and Isa Alsabea Beyon Chief Investment Officer. Bahrainis now make up the majority of the leadership team, thanks to ongoing executive development programs for succession planning.

Beyon CEO Mikkel Vinter said: “It has been an honor to lead Beyon. It has been an extraordinary journey and I have had the pleasure of working with talented and passionate team members. Together, committed to our bold vision, we have achieved great things that we can all be proud of. I would like to take this opportunity to thank the CEO and the Board for their support in making this vision possible. I extend my best wishes to Andrew as the new CEO and I am confident that he will successfully lead Beyon through the next phase of its journey to become a global technology group.”

“While I will miss Beyon and the entire team, I am looking forward to this new chapter, which includes focusing on my management roles in Europe and the Middle East. The Kingdom of Bahrain will always hold a special place in my heart and I will continue to be a resident of this wonderful country,” added Mikkel.

Ahead of his arrival, Andrew Kvalseth said he was excited to join the Beyon team. “I am very excited to be taking on the role of CEO of Beyon at this point in its journey. The company’s success to date provides a solid foundation on which to build. I look forward to working with the team to continue its progress and begin the next phase of its transformation to become a global technology leader.”

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