Opera Software Shareholders Shake Up Company Board
Key shareholders in Opera Software have reshuffled the board of directors after a reported power struggle between board members and the company's chief executive and founder, Jon S. von Tetzchner.
Five of the seven board members, including chairman Nils A. Foldal, were fired at a shareholder's meeting Thursday, company spokesperson Tor Odland said Friday.
They were replaced by three new board members, and the total number of board members was reduced to five.
An Impatient Board
Norwegian business daily Dagens Naeringsliv reported that the move came after the ousted board members failed to remove Tetzchner as head of the company, which makes Web browsers for personal computers, mobile phones and personal digital assistants.