Finland’s DNA on lookout for new CEO

Finnish operator DNA has announced that chief executive Riita Tiurnaniemi is to leave the company and says it hopes to find a replacement by the end of the year.

In a statement, DNA (Helsinki, Finland) said Tiurnaniemi’s successor would need to be a dynamic leader with a clear vision about future opportunities for the company, which operates Finland’s third-biggest mobile network and lies in joint third place in the country’s broadband market.

Finnish operator DNA has announced that chief executive Riita Tiurnaniemi is to leave the company and says it hopes to find a replacement by the end of the year.

In a statement, DNA (Helsinki, Finland) said Tiurnaniemi’s successor would need to be a dynamic leader with a clear vision about future opportunities for the company, which operates Finland’s third-biggest mobile network and lies in joint third place in the country’s broadband market.

“I would like to thank Riitta for her 14 years at DNA: during this time, she held various management positions and, from 2009 onwards, led the whole Group, managing its emergence as a growing and profitable company in a highly competitive industry,” said Jarmo Leino, DNA’s chairman. “As a challenger in the industry, DNA has demonstrated that competition is good for all stakeholders.”

“The telecommunications industry is undergoing a major disruption,” added Leino.

“The new CEO will need to have a very dynamic approach and a vision of where DNA’s new opportunities lie. I firmly believe that the innovativeness and solid knowhow of our staff will move our company forward in the right direction also under the helm of the future CEO.”

News of Tiurnaniemi’s departure comes just weeks after DNA’s owners ditched plans for a sale of the business, citing poor market conditions.

It also coincides with the announcement that regulatory authorities have approved DNA’s acquisition of PlusTV from Teracom Group (Stockholm, Sweden).

DNA agreed the takeover in April this year and says the acquisition of PlusTV – which provides pay-TV services to about 220,000 Finnish households – will enable it to provide better entertainment services to its customers.

“We wish to create the best entertainment service in Finland, with the most satisfied customers and the data to prove it,” said Pekka Vaisanen, the vice president of DNA’s consumer business.

DNA claims to serve about 600,000 cable network customers and says it has more than 155,000 customers using pay-TV services.