Digi appoints Otto Risbakk as Chief Financial Officer

• Comes from Telenor Denmark, has deep track record in Telenor Group
• Adds new dimension to management team, drive next phase of Digi’s journey

Digi Telecommunications Sdn Bhd today announced that it has appointed Otto Risbakk (pic) as its new Chief Financial Officer. Otto will assume his position from 1 August, 2021. He succeeds current CFO Inger Gloersen Folkeson who returns home to Norway following the end of her contract tenure in Digi.

Otto is currently CFO at Telenor Denmark. He has been with Telenor Group for 13 years, and was previously Senior Vice President for Mergers and Acquisitions. Prior to joining Telenor, he held several finance leadership positions in large industrial firm Norsk Hydro, including as CFO for the Automotive Division, and Vice President for International Business Development. He is a Norwegian citizen, and holds a degree in Business Administration and Management from Université de Fribourg in Switzerland.

“Otto is a highly experienced finance leader with a deep track record in Telenor Group and in the telecoms industry, and he will add a new dimension to Digi’s management team in driving the next phase of our journey. I look forward to welcoming him to Digi, and to Malaysia” said Albern Murty, Digi CEO.

Otto will join Digi in the midst of a possible merger. Note that on 8 April, Axiata Group Bhd and Telenor Asia announced that they were in advanced discussions on the merger of the telco operations of Celcom Axiata Bhd and Digi.com Bhd. No updates have been forthcoming since that announcement, though industry observers expect the merger will likely go through.

Inger will leave Digi and Telenor Group in end July, having completed her contract as Digi CFO. She joined the company in March 2019, and has been with Telenor Group since August 2007. “Inger has been a strong leader and colleague on the management team, and as CFO she has strengthened Digi’s growth and operational efficiency focus and overseen vital finance transformation initiatives in her time with us. All of us in Digi send her and her family our best wishes as they return to their home in Norway,” Albern added.