Millicom Announces Leadership Restructuring

Millicom International Cellular SA (TIGO) has released an update.

Millicom International Cellular SA announced changes in its executive leadership with Mauricio Ramos stepping down as Chair of the Board and Maxime Lombardini taking over as Interim Non-Executive Chair. Under Ramos’s tenure, Millicom refocused its business on Latin America, exiting six African markets and bolstering its Latin American presence through strategic acquisitions and consolidations, making Panama its second-largest cash flow generator. The company praised Ramos for his strategic vision and leadership, which significantly strengthened Millicom’s regional position in telecommunications.

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