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TDC CFO Retires

Hans Munk Nielsen has decided to retire at the latest by the end of January 2008

October 24, 2007

2 Min Read

COPENHAGEN -- After almost 17 years as Chief Financial Officer and member of the Executive Committee Hans Munk Nielsen has decided to retire at the latest by the end of January 2008. TDC is in the process of identifying Hans Munk Nielsen's successor.

"It has not been an easy decision as I have always taken great interest in TDC, and for which reason TDC has taken up much of my attention during the last several years. But I feel now it is time for me to start a new chapter and also, from a business point of view, I think that timing is right", says Hans Munk Nielsen.

Hans Munk Nielsen, aged 61, joined TDC in 1991 and thus has contributed considerably to the development of TDC changing from a public corporation into a company listed on the Copenhagen and the New York Stock Exchanges and most recently into the present ownership structure as a modern company owned by equity funds.

Hans Munk Nielsen has been Jens Alder's close partner since November 2006, when Jens Alder joined TDC as President and Chief Executive Officer.

"Being new in TDC it has been extremely valuable for me to have Hans by my side. He knows the history, has the overview, and is one of the smartest brains in the company. He is reliable and professional and has been a driving force behind TDC's financial development. So I will miss him, yet, I also understand his decision", says Jens Alder.

Besides being CFO at TDC Hans Munk Nielsen is member of the board of the Nordic Stock Exchange, OMX, and Nordea Invest. It is his plan to supplement this with a few more directorships.

"I am convinced that I can contribute to business in general through my directorships. But apart from that it is my ambition to improve my fitness ratings and to resume my passion for literature and philosophy and of course spend more time with my family", says Hans Munk Nielsen.

TDC A/S (Copenhagen: TDC)

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