Millicom’s Nomination Committee’s proposal for Board of Directors
April 16 2024 - 8:00PM
Millicom’s Nomination Committee’s proposal for Board of Directors
Millicom’s Nomination Committee’s proposal for Board of
Directors
Luxembourg, April 17, 2024 – In advance
of the Annual General Meeting of shareholders (“AGM”) of Millicom
International Cellular S.A. (“Millicom”), to be held on May 23,
2024, Millicom’s Nomination Committee proposes:
The election of Maxime Lombardini and
Justine Dimovic as new Directors of the Board;
The re-election of María Teresa Arnal
Machado, Bruce Churchill, Aude Durand, Tomas Eliasson, Mauricio
Ramos, Thomas Reynaud, and Blanca Treviño de Vega as Directors of
the Board; and the election of Mauricio Ramos as Chair of the
Board.
Pernille Erenbjerg and Michael Golan have
decided not to seek re-election. Maxime Lombardini will bring his
extensive experience and track record in leading businesses in the
telecommunications industry, as well as the strong knowledge of
Millicom that he has gained while serving as President and Chief
Operating Officer since September 2023.
Justine Dimovic will bring a wealth of capital
allocation, financing, and investment experience, including in the
telecommunications section, from her various leadership positions
in corporate finance, treasury, banking, and investor relations,
including an eight-year tenure in Millicom’s finance function until
2019.
Aude Durand, Chair of the Nomination Committee,
commented: “The Nomination Committee is pleased to propose the
election of Maxime Lombardini and Justine Dimovic as new Board
Directors. The addition of these new directors will strengthen
Board’s oversight of Millicom’s operational and financial
performance and of its capital allocation and strategic
direction.”
Mauricio Ramos, Chair of the Board, added: “On
behalf of the Board, the management team, and all shareholders, I
would like to extend our gratitude to our outgoing directors for
their significant contributions to the Board. Over a period of six
years, Pernille Erenbjerg contributed significantly as Deputy Chair
and Chair of Millicom’s Compensation and Talent Committee on many
key business and compensation related matters during this time.
Since his appointment in May 2023, Michael Golan contributed
significantly to Millicom’s restructuring program and oversight of
financial matters while serving on Millicom’s Audit and Compliance
Committee.
In addition, I look forward to Maxime and
Justine joining the Board in May.”
The Nomination Committee’s motivated statement
and full proposals are available in the corporate governance
section of the Millicom website and are presented together with the
convening notice to Millicom’s AGM, to be held on May 23, 2024. The
Nomination Committee ahead of the 2024 AGM comprised: Aude Durand
appointed by Atlas Luxco; Jan Dworsky, appointed by Swedbank Robur
Funds; and Staley Cates, appointed by Southeastern Asset
Management; as well as the Interim Chair of Millicom’s Board of
Directors, Mauricio Ramos, appointed by the shareholders at the
2023 AGM.
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For further information, please contact
Press: Sofia Corral, Director Corporate
Communications press@millicom.com |
Investors: 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 mobiletelecommunications 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
December 31, 2023, Millicom, including its Honduras Joint Venture,
employed approximately 16,500 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.