CEO Jo Lunder completely out of Fredriksen Group

First came a suspension for Jo Lunder, CEO of Fredriksen Group, after his arrest in relation to a corruption case. Now John Fredriksen himself confirms to Tradewinds that Jo Lunder is completely out of the group.

The now former CEO of Fredriksen Group, Jo Lunder, has been fired from his position as CEO after being arrested and involved in a corruption scandal in the Norwegian telecommunications industry, reports Norwegian newspaper Dagens Næringsliv.

According to the newspaper, John Fredriksen confirms to Tradewinds that Jo Lunder no longer is part of the company. According to the Norwegian shipowner, there has always been a clause in the contract between Jo Lunder and Fredriksen, which meant that Jo Lunder could not continue as CEO of the carrier group if he was involved in the corruption case between his former employer, Telenor, and Russian Vimpelcom where Telenor held an investment.

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