Millicom (Tigo) Executive Chair Mauricio Ramos steps down as Chair of the Board Maxime Lombardini to assume as Non-Executive Interim Chair
2024年9月20日 - 5:15AM
Millicom (Tigo) Executive
Chair Mauricio Ramos steps down as Chair of the
Board Maxime Lombardini to assume as
Non-Executive Interim Chair
Luxembourg, September
19, 2024 – Millicom
(NASDAQ: TIGO) (the “Company”) announced today
that Mauricio Ramos is stepping down from his roles of director and
Chair of Millicom Board of Directors (the “Board”)
on September 30, 2024. The Board, which will be composed of eight
directors for the time being, has unanimously appointed Maxime
Lombardini to act as Interim Chair of the Board. A Nominations
Committee will be convened and work to submit a proposal for
election of a Chair of the Board to the next annual general meeting
of Millicom shareholders.
Mr. Ramos joined Millicom in 2015 as CEO, became
a member of the Board in 2020 and was appointed Executive Chair of
the Board in September 2023 and Non-Executive Chair in May
2024.
“The Board of Directors of Millicom thanks
Mauricio for his successful stewardship of the Company’s strategic
direction over the last 9 years. Mauricio has transformed Millicom
into one of the leading providers of telecommunication services in
Latin America. Under Mauricio’s leadership, Millicom developed a
highly engaging company purpose (“to build digital highways”); a
unique and leading corporate culture (“Sangre Tigo”); and a winning
M&A strategy to expand and strengthen Millicom’s presence
across Latin America”.
Mr. Ramos led the Company’s successful strategy
to exit 6 countries in Africa between 2015 and 2022 to focus the
Company on Latin America. In 2018 he led the acquisition of Cable
Onda, the Group’s first asset in Panama. This was followed in 2019
by the acquisition of Telefonica’s mobile subsidiaries in Panama
and Nicaragua. Today, Panama is the second largest cash flow
generator for Millicom. In 2022, Mr. Ramos led the consolidation of
the Company’s 100% equity ownership of its Guatemalan subsidiary,
its largest cash flow producer. In 2024, the Company also announced
a series of potential M&A transactions aimed at significantly
strengthening the Company’s position in Colombia. Mr. Ramos also
led the company to begin trading on the NASDAQ Stock Market in the
USA under the ticker symbol TIGO. Today, approximately 30% of the
company’s traded volume occurs in NASDAQ US.
Atlas Investissement owner, Xavier Niel
congratulated Mr. Ramos for “his clear strategic vision and
decisive execution to create a now leading telecom platform across
the region. We credit Mauricio for taking Millicom to this strong,
strategically focused and leading regional position through
successful M&A. The Company now has meaningful strategic and
financial upside going forward”.
Mr. Ramos commented: “I wish to thank the Board
of Millicom, all its past and present directors, and also Atlas
Investissement for their continuous guidance, probing challenge and
dedicated support to me and the Company over these very fruitful
years. I wish to thank also every single member of the outstanding
Millicom team for their devout effort and immense commitment to
make Tigo all it can be for our shareholders and do all it can do
for our communities and their connectivity. One more time: Sangre
Tigo!”
Mr. Lombardini will immediately assume the
position of Interim Non-Executive Chair of the Board and will
simultaneously step down as COO and President of the Company. Mr.
Lombardini has been the COO and President of Millicom since
September 2023 and has very successfully executed on a
comprehensive and fruitful efficiency strategy to increase the
Company’s cash flow generation. The Board welcomed Maxime as
Interim Non-Executive Chair indicating that Maxime’s “deep
knowledge of the Company now and his strong track-record ideally
position him to lead the Board’s work now”.
-END-
For further information, please
contact:
|
Press: |
Investors: |
|
Sofia Corral, Director Corporate Communications
press@millicom.com |
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, 2024, Millicom, including its Honduras Joint Venture,
employed approximately 15,000 people, and provided mobile and
fiber-cable services through its digital highways to more than 45
million customers, with a fiber-cable footprint over 14 million
homes passed. Founded in 1990, Millicom International Cellular S.A.
is headquartered in Luxembourg.
Regulatory
Statement This 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 22:15 CET on September 19,
2024.
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