Millicom International Cellular SA, a Luxembourg-headquartered provider of fixed and mobile telecommunications services in Latin America, has announced changes to the Board of Directors and the executive leadership of Millicom (Tigo).
Millicom noted that José Antonio Ríos García has resigned from the Board of Directors, effective Thursday 31 August 2023, in order to pursue other professional endeavors. The Board of Directors unanimously expressed its 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 general meeting (AGM) of the company takes place (currently scheduled for May 2024).
Subject to shareholder approval at the AGM, 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, mergers and acquisitions, 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.
Millicom also announced that Maxime Lombardini will join the company as President and COO, starting on Friday 1 September 2023. The President and COO position will report into the CEO. The Board will continue to develop the company's CEO succession plan.
