Millicom International Cellular Management
Management criteria checks 2/4
Millicom International Cellular's CEO is Mauricio Ramos Borrero, appointed in Apr 2015, has a tenure of 3.83 years. total yearly compensation is $10.51M, comprised of 11.7% salary and 88.3% bonuses, including company stock and options. directly owns 0.27% of the company’s shares, worth €8.64M. The average tenure of the management team and the board of directors is 7.1 years and 0.9 years respectively.
Key information
Mauricio Ramos Borrero
Chief executive officer
US$10.5m
Total compensation
| CEO salary percentage | 11.7% |
| CEO tenure | 9yrs |
| CEO ownership | 0.3% |
| Management average tenure | 7.1yrs |
| Board average tenure | less than a year |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$11m | US$1m | -US$86m |
| Sep 30 2023 | n/a | n/a | US$34m |
| Jun 30 2023 | n/a | n/a | US$4m |
| Mar 31 2023 | n/a | n/a | US$39m |
| Dec 31 2022 | US$11m | US$1m | US$64m |
| Sep 30 2022 | n/a | n/a | US$666m |
| Jun 30 2022 | n/a | n/a | US$724m |
| Mar 31 2022 | n/a | n/a | US$618m |
| Dec 31 2021 | US$20m | US$1m | US$618m |
| Sep 30 2021 | n/a | n/a | -US$94m |
| Jun 30 2021 | n/a | n/a | -US$160m |
| Mar 31 2021 | n/a | n/a | -US$182m |
| Dec 31 2020 | US$10m | US$1m | -US$284m |
Compensation vs Market: Mauricio's total compensation ($USD10.51M) is above average for companies of similar size in the German market ($USD2.56M).
Compensation vs Earnings: Mauricio's compensation has been consistent with company performance over the past year.
CEO
Mauricio Ramos Borrero (55 yo)
9yrs
Tenure
US$10,506,435
Compensation
Mr. Mauricio Ramos Borrero serves as Interim Executive Chairman of Millicom International Cellular S.A. since September 1, 2023. He serves as Chairman of the Board at Cable Onda, S.A. and its Director sinc...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Interim Executive Chairman | 9yrs | US$10.51m | 0.27% $ 8.6m | |
| Advisor | no data | US$3.05m | no data | |
| President & COO | less than a year | no data | no data | |
| CFO & VP of Corporate Finance | no data | no data | no data | |
| Chief Commercial & Technology Officer | 11.3yrs | no data | 0.065% $ 2.1m | |
| Chief Administrative Officer | no data | no data | no data | |
| Vice President of Investor Relations | 7.1yrs | no data | no data | |
| Executive VP | 11.1yrs | no data | 0.056% $ 1.8m | |
| Director of Corporate Communications | no data | no data | no data | |
| Executive VP & Chief External Affairs Officer | 3.4yrs | no data | 0.019% $ 607.8k | |
| VP of Finance & Group Treasurer | 10yrs | no data | no data | |
| Company Secretary | no data | no data | no data |
7.1yrs
Average Tenure
51yo
Average Age
Experienced Management: M4M1's management team is seasoned and experienced (7.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Interim Executive Chairman | 3.8yrs | US$10.51m | 0.27% $ 8.6m | |
| Independent Non-Executive Director | 2.9yrs | US$195.00k | 0.011% $ 341.6k | |
| Independent Non-Executive Director | 1.9yrs | US$205.00k | 0.0074% $ 239.5k | |
| Independent Non-Executive Deputy Chairman | 5.3yrs | US$260.00k | 0.024% $ 778.1k | |
| Non-Executive Director | less than a year | US$172.50k | 0.0033% $ 105.3k | |
| Non-Executive Director | less than a year | no data | no data | |
| Independent Non-Executive Director | less than a year | US$172.50k | 0.0033% $ 105.3k | |
| Independent Non-Executive Director | less than a year | US$182.50k | 0.0033% $ 105.3k | |
| Independent Director | less than a year | no data | no data |
0.9yrs
Average Tenure
55yo
Average Age
Experienced Board: M4M1's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.