Millicom (Tigo) announces changes in the Board of Directors and in the executive leadership
31 August 2023 - 11:00PM
Millicom (Tigo) announces changes in the Board of
Directors and in the executive leadership
Luxembourg, August 31, 2023
–Millicom announces that José Antonio Ríos García has resigned
from the Board of Directors, effective today in order to pursue
other professional endeavors. The Board of Directors unanimously
expresses its immense gratitude to José Antonio for his outstanding
leadership as Board Chair since 2019 and as Board Director since
2017.
The Board of Directors of Millicom has appointed
Mauricio Ramos, the Company’s CEO, as Interim Chairman of the Board
for the remaining period until the regular annual AGM of the
Company takes place. The AGM is currently scheduled to take place
in May 2024.
Subject to shareholder approval at the AGM
currently scheduled for May 2024, Mauricio Ramos will assume the
role of Executive Chair of the Board of Directors, with
responsibilities as Chair of the Board of Directors and certain key
executive responsibilities, including oversight of matters
involving external stakeholder relations, such as governments,
joint venture partners, M&A, and legal, governance and
regulatory matters. After the 2024 AGM, Mauricio Ramos is expected
to step down as CEO of the Company and remain as Executive
Chair only. Atlas Investments has stated that it is supportive of
Mauricio Ramos assuming the long-term role of Executive Chair of
the Board of Directors.
Millicom also announces that Maxime Lombardini
will join Millicom as President and COO, starting on September 1st.
The President and COO position will report into the CEO. The
Board will continue to develop the Company’s CEO succession
plan.
-END-
For further information, please contact
Press: Sofía Corral, Director Corporate
Communicationspress@millicom.com |
Investors: Sarah Inmon, Director Investor
Relations Michel Morin, VP Investor Relations
investors@millicom.com |
About MillicomMillicom (NASDAQ
U.S.: TIGO, Nasdaq Stockholm: TIGO_SDB) is a leading provider of
fixed and mobile telecommunications services in Latin America.
Through our TIGO® and Tigo Business® brands, we provide a wide
range of digital services and products, including TIGO Money for
mobile financial services, TIGO Sports for local entertainment,
TIGO ONEtv for pay TV, high-speed data, voice, and
business-to-business solutions such as cloud and security. As of
June 30, 2023, Millicom, including its Honduras Joint Venture,
employed approximately 19,300 people and provided mobile and
fiber-cable services through its digital highways to more than 45
million customers, with a fiber-cable footprint over 13 million
homes passed. Founded in 1990, Millicom International Cellular S.A.
is headquartered in Luxembourg.
Regulatory StatementThis
information was prior to this release inside information and is
information that Millicom is obliged to make public pursuant to the
EU Market Abuse Regulation. This information was submitted for
publication, through the agency of the contact person set out
above, at 23:00 CET on August 31, 2023.
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