Mauricio Ramos appointed Millicom’s Chief Executive

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Mar 3, 2015 at 2:15 AM

Mauricio Ramos appointed Millicom’s Chief Executive Officer

Stockholm, 3 March, 2015 – Millicom (Stockholmsbörsen: MIC) announced today that its Board has decided unanimously to appoint Mauricio Ramos as its new Chief Executive Officer with effect from 1 April 2015. Mauricio was most recently President of Liberty Global's Latin American Division, a position he held from 2006 until February 2015. Over the past fourteen years he has held a number of leadership roles at Liberty Global, including positions as Chairman and CEO of VTR in Chile, CFO of Liberty's Latin American Division and President of Liberty Puerto Rico. Throughout this period he has successfully developed both mobile and broadband businesses in Latin America, delivering solid operational improvement and outstanding financial results. Mauricio is also Chairman of TEPAL, the Latin American Association of Cable Broadband Operators. He is a Colombian national who received a degree in Economics, a degree in Law and a postgraduate degree in Financial Law from Universidad de los Andes in Bogota. Cristina Stenbeck said "The Board is pleased to announce the appointment of Mauricio Ramos as CEO of Millicom. He is a talented and experienced world-class professional, with a deep understanding of the digital consumer. He will bring the vision, leadership and execution capability necessary to further develop our strong Tigo franchise and create long term shareholder value.” Mauricio Ramos commented “I am absolutely thrilled to have been asked to become Millicom’s CEO. I have long admired the company’s innovative strategy, strong market positions, entrepreneurial spirit and talented professionals. I am looking forward to working with the Millicom team, the Board of Directors and partners to further develop an outstanding company, with very promising opportunities. I look forward to continuing to bring Tigo's innovative products and services to customers and their communities while delivering superior returns to its shareholders.” Cristina Stenbeck added "On behalf of my fellow Board members I would like to take this opportunity to thank Millicom’s CFO, Tim Pennington, who has acted as Interim CEO over the last few months. Under Tim’s leadership the company continued to execute its strategy, strengthen its core business and deliver a solid set of financial results. We are very grateful for Tim’s deep engagement and additional commitment during this transition period and we look forward to his continued contribution in his role as CFO and as an integral part of the Millicom leadership team.” For more information please contact: Cristina Stenbeck, Chairman of the Board of Directors, on +44 207 440 5761 or at investors@millicom.com Press Enquiries: Rachel Samrén, EVP External Affairs, Tel: +447795385415 Julian Eccles, VP Corporate Communications Tel: +352 277 59084 (Luxembourg) / +44 7720 409 374 press@millicom.com Investor Enquiries: Investor Relations Nicolas Didio, Director, Head of Investor Relations Tel: +352 277 59125 (Luxembourg) / +44 203 249 2220 investors@millicom.com About Millicom Millicom is a leading telecommunications and media company dedicated to emerging markets in Latin America and Africa. Millicom sets the pace when it comes to providing innovative and customer-centric digital lifestyle services to the world’s emerging markets. The Millicom Group employs more than 16,000 people and provides mobile, cable and satellite services to over 56 million customers. Founded in 1990, Millicom International Cellular SA is headquartered in Luxembourg and listed on NASDAQ OMX Stockholm under the symbol MIC. In 2014, Millicom generated revenue of $6.4 billion and EBITDA of $2.1 billion.

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

AI and Storytelling Make Waves in Science Education

University's Innovative Approach to Learning Alright, here's something you don't see every day. The University of Phoenix managed to snag some kudos from an academic journal for using AI and storytelling to teach environmental science. That's like hitting two bulls-eyes with one shot in the world of education. The recognition from Glacies for this Editor's Choice paper...

CVS Health Under Fire: Fiduciary Duty Breach?

CVS Under Regulatory Spotlight for Fiduciary Breaches You'd think by now companies would have their fiduciary ducks in a row. But here we are, with CVS Health Corporation (NYSE: CVS) catching heat from the legal eagles over at Halper Sadeh LLC. The knife’s out for some of the big wigs – apparently, there's chatter they might’ve slipped on their duty to play nice...

Geron Corp Faces Fiduciary Duty Investigation

Spotlight on Geron's Corporate Governance: What's Happening? The heat's been turned up on Geron Corporation this week, with Halper Sadeh LLC, an investor rights law outfit, digging into whether some folks at the helm have strayed from their fiduciary duties to the shareholders. Now, if you're holding onto NASDAQ:GERN stock or thinking about diving in, it's high time to...

HONA Faces Legal Heat: Investor Lawsuit Over Losses

The Investor Storm Brewing Over Honeywell Aerospace There it is again, another industry heavyweight caught in a dizzying whirlwind of litigation. Honeywell Aerospace Inc. (NASDAQ:HONA), a name as established as an old boot in the business, now faces a class action lawsuit that's got investors frantically dusting off phone numbers for their attorneys. The Messy Allegations...

PACS Group Faces Legal Scrutiny: What to Watch

PACS Group: Legal Storm Brewing Welcome to the latest saga in the volatile theater of corporate governance. PACS Group, Inc., ticker symbol NYSE:PACS, is under the microscope, and not for debuting a groundbreaking product or hitting a stock milestone. Nope, instead we've got Halper Sadeh LLC out of New York investigating some possible hanky-panky from PACS directors and...

Timur Turlov Leads FIDE with Chess and Digital Focus

An Unpredicted Victory in Samarkand Well, color me surprised. Timur Turlov's made waves by clinching the role of FIDE President at the General Assembly in Samarkand. This one's quite the turn for the chess world—Kazakhstan’s own stepping up to run the whole show. This isn't just some ceremonial post either. Turlov, who's been pulling strings over at the Kazakhstan...

Jackson Wang's Fantasy IP Hits Hong Kong Stage

A Star-Studded Fantasy Comes Alive Hong Kong isn't just about dim sum and skyline views—it's a magnet for celebrity showcases, and this time, Jackson Wang's pulling the strings. The guy's ventured beyond music and idol fame, diving head-first into creative visuals with his fantasy IP, "Under the Castle" (UTC). Pairing up with Ocean Park's Halloween Fest, he's cooked up...

Farm Aid 2026: A Resilient Tribute to Family Farmers

Shining a Light on Essential Family Farmers Every year, thousands gather for Farm Aid to back the unsung heroes who put food on our plates. In 2026, the scene shifted to the amphitheater at Virginia Beach, where an epic lineup of music took stage not just to entertain but to underline a critical issue—family farmers are fighting for survival. These folks aren't merely...

Endurance Energy's Modular Tech Revs Up Southeast Asia

Modular Solutions Steal the Show in Bangkok When a company draws 59,468 attendees from over 150 countries, folks pay attention—and that was exactly the scene at Gastech 2026 in Bangkok. The name buzzing on many lips? Endurance Energy. These guys showcased a fresh take on energy logistics with their skid-mounted liquefaction tech, turning heads with their Southeast Asia...

AST SpaceMobile Faces Class Action Over Misstatements

What's Going On with AST SpaceMobile? Kicking off with a heavy hitter here, folks. AST SpaceMobile, Inc., trading under NASDAQ:ASTS, is under a securities fraud spotlight. We're talking allegations piled higher than a morning stack of pancakes. If you picked up any ASTS shares between March 4, 2025, and July 15, 2026, you're in on this rough ride. There's a class action...