Sweden Requests Change of Chairman at Telia

  • Shares gain most in 15 months after government calls for EGM
  • Reshuffle at the top casts uncertainty over Telia’s media move
Marie EhrlingPhotographer: Joan Cros/Getty Images
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Telia Co. proposed replacing Chairman Marie Ehrling with Swedish industry veteran Lars-Johan Jarnheimer after its largest shareholder, the Swedish state, requested a change of board leadership.

The government has called for the company to hold an extraordinary general meeting to appoint a new chairman, according to a statementBloomberg Terminal on Sunday. Ehrling has been in the position since 2013.