Millicom (Tigo) announces a new appointment in its executive team
March 22 2024 - 5:00PM
Millicom (Tigo) announces a new appointment in its
executive team
Luxembourg, March 22,
2024 – Today, Millicom
announced that Sheldon Bruha will be stepping down from the role of
Chief Financial Officer (CFO), effective on April 15th, as part of
a planned succession process. Sheldon will be succeeded as CFO by
Bart Vanhaeren, currently VP Corporate Finance at Millicom. Sheldon
will continue to serve as an advisor to Millicom through June 30,
2024 to ensure a continued smooth and organized transition.
Sheldon joined the Company as CFO at the
beginning of 2022 and, among other key successfully executed
initiatives, has played an instrumental role in driving Project
Everest, the Company’s cost-efficiency program that is expected to
achieve more than $250 million of savings. He has also helped
develop financial talent within the company, enabling the
appointment of Bart. Sheldon will pursue other professional
opportunities upon the end of the transition period.
Bart is a fourteen-year veteran of Millicom,
having held several senior financial and management leadership
roles during that time. Most recently, he has overseen Corporate
Finance, which encompasses the Company’s Treasury, Tax, Mergers
& Acquisitions and Corporate Administration activities. Prior
to Millicom, Bart distinguished himself through a series of
leadership roles across global organizations such as Strategy and
Corporate Development Manager for EMEA at 3M, Senior Consultant at
Deloitte and Senior Auditor at PriceWaterhouseCoopers.
Mauricio Ramos, CEO and Chairman of the Board of
Millicom said, “We thank Sheldon for his significant contributions
over the past two-plus years with us. Sheldon played a key role in
our group-wide efficiency programs and in leading the finance
organization through significant achievements. We wish Sheldon
continued success in his future endeavors. I also want to
congratulate Bart on his well-deserved promotion to CFO. Over these
past years with us, Bart has demonstrated strong leadership; has
been instrumental in establishing and driving our capital
structure; and has led our significant inorganic M&A strategic
initiatives, all in preparation for his new role as CFO.”
For further information, please
contact:
Press: Sofía Corral, Communications Director
press@millicom.com |
Investors:Michel Morin, VP Investor Relations
investors@millicom.com |
About Millicom
Millicom (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 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.
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