TDC Appoints CFO

Jesper Ovesen will take on the position of CFO and member of TDC's Executive Committee as of January 1, 2008

November 20, 2007

1 Min Read

COPENHAGEN -- Jesper Ovesen will take on the position as Chief Financial Officer and member of the TDC's Executive Committee as of January 1, 2008. TDC's future Chief Financial Officer, aged 50, is at present Chief Executive Officer of KIRKBI, the investment company of the Kirk family.

"I am truly looking forward to taking on my position in TDC. The company is undergoing an exciting development with several challenges and qua my experience I feel well prepared for the job", says Jesper Ovesen who is a certified public accountant and holds a Master of Finance from Copenhagen University.

Prior to the position as Chief Executive Officer of KIRKBI, Jesper Ovesen was Chief Financial Officer of the LEGO Group from 2003 to 2006 and together with LEGO's Chief Executive Officer Jørgen Vig Knudstorp Jesper Ovesen was one of the main powers behind the successful turn-around of the company.

Furthermore, TDC's future Chief Financial Officer has been Chief Financial Officer of Danske Bank and Novo Nordisk as well as Managing Director of Baltica Bank.

"Jesper has a fantastic profile and I am deeply impressed by the results he has achieved for LEGO. In my opinion we will have one of Denmark's absolute best professionals in finance in a key position on the TDC team, with which I am very pleased", says Chief Executive Officer and President of TDC, Jens Alder.

Jesper Ovesen will take over the position as Chief Financial Officer and member of TDC's Executive Committee after Hans Munk Nielsen who informed in October that after 16 years as Chief Financial Officer in TDC he had decided to retire from his position.

TDC A/S (Copenhagen: TDC)

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