Truecaller AB, the Swedish caller ID and spam detection firm, is set to welcome Aruna Sundararajan, a seasoned technology and policy expert, to its board. The nomination, proposed by the company's Nomination Committee, will be voted on at the Annual General Meeting scheduled for May 23, 2025. Sundararajan's extensive experience in the tech sector and her pivotal roles in shaping India's digital and telecom policies mark her as a significant addition to Truecaller's governance team.
Sundararajan's career highlights include serving as the Secretary of the Ministry of Electronics and Information Technology (MeitY) and the Department of Telecommunications in India, where she was instrumental in policy-making for the telecom sector. Her leadership as Kerala's first IT Secretary, driving digital infrastructure and e-learning projects, further underscores her capability to contribute to Truecaller's strategic direction. Currently, she chairs the Broadband India Forum and holds advisory and directorial positions in several prominent organizations, including Delhivery Limited and L&T Technology Services Limited.
The Nomination Committee's proposal also includes the re-election of all current board members, ensuring continuity in Truecaller's leadership. Kamjar Hajabdolahi, Chairman of the Nomination Committee, expressed enthusiasm about Sundararajan's nomination, highlighting her potential to enhance the board's expertise in policy and regulatory matters, especially in technology. This move is seen as a step to bolster Truecaller's strategic depth amid its focus on digital trust and global expansion.
Aruna Sundararajan's appointment is expected to bring a wealth of knowledge and experience to Truecaller's board, particularly in navigating the complex regulatory landscapes of the tech and telecom sectors. Her independent status from the company and its major shareholders adds an unbiased perspective to the board's deliberations, aligning with best governance practices. As Truecaller continues to expand its footprint, Sundararajan's insights into digital transformation and policy frameworks will be invaluable in steering the company's future growth.
DNO ASA, the Norwegian oil and gas operator, has announced its Annual General Meeting (AGM) for 2025, scheduled to take place on 5 June at The National Museum in Oslo. The company has made provisions for remote participation, allowing shareholders to vote electronically in advance or submit a proxy. This move underscores DNO's commitment to accessibility and shareholder engagement amidst its expanding global operations.
In addition to the AGM announcement, DNO has reported a solid first quarter for 2025, with an operating profit of USD 28 million and revenues of USD 188 million. The company's net production saw an eight percent increase, reaching 84,200 barrels of oil equivalent per day. This performance is particularly noteworthy given the transformative USD 1.6 billion acquisition of Norway's Sval Energi Group AS, signaling DNO's strategic pivot towards enhancing its footprint in Norwegian waters.
The company's operational efficiency in Kurdistan has been a highlight, with production in the Tawke license increasing by 11 percent quarter-on-quarter. Despite the challenges posed by the closure of the Iraq-Türkiye export pipeline, DNO has managed to stabilize and even increase production from existing wells through innovative rigless interventions. This achievement not only demonstrates DNO's resilience but also its ability to maintain profitability with minimal investment.
Looking ahead, DNO Executive Chairman Bijan Mossavar-Rahmani emphasized the company's intention to replicate its Middle Eastern efficiencies in Norway. With the Sval acquisition expected to close around midyear, DNO is poised to embrace the 'faster, cheaper, better' ethos of the early Norwegian oil industry. This strategic direction, coupled with the company's strong Q1 performance, positions DNO as a formidable player in the global oil and gas sector.