Millicom International Cellular Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Marcelo Benitez

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	less than a year
CEO ownership	n/a
Management average tenure	7.7yrs
Board average tenure	1.5yrs

Recent management updates

Recent updates

CEO

Marcelo Benitez

less than a year

Tenure

Mr. Marcelo Benitez is Chief Executive Officer of Millicom International Cellular S.A. from June 1, 2024. He had a distinguished career with Millicom, he joined in Paraguay several years ago and risen thro...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Marcelo Benitez	Chief Executive Officer	less than a year	no data	no data
Bart Vanhaeren	CFO & VP of Corporate Finance	less than a year	no data	no data
Xavier Rocoplan	Chief Commercial & Technology Officer	11.9yrs	no data	0.065% € 2.8m
Bruno Nieuwland	Chief Administrative Officer	no data	no data	no data
Michel Morin	Vice President of Investor Relations	7.7yrs	no data	no data
Salvador Escalon	Executive VP	11.7yrs	no data	0.056% € 2.4m
Sofia Corral	Director of Corporate Communications	no data	no data	no data
Karim Lesina	Executive VP & Chief External Affairs Officer	4yrs	no data	0.019% € 800.1k
Justine Dimovic	VP of Finance	10.6yrs	no data	no data
Patrick Gill	Company Secretary	no data	no data	no data

7.7yrs

Average Tenure

49.5yo

Average Age

Experienced Management: M4M1's management team is seasoned and experienced (7.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Justine Dimovic	VP of Finance	less than a year	no data	no data
Maxime Lombardini	Interim Non-Executive Chair of the Board	less than a year	no data	no data
Bruce Churchill	Independent Non-Executive Director	3.5yrs	US$195.00k	0.011% € 449.3k
Tomas Eliasson	Independent Non-Executive Director	2.5yrs	US$205.00k	0.0074% € 315.2k
Pernille Erenbjerg	Independent Non-Executive Deputy Chairman	5.8yrs	US$260.00k	0.024% € 1.0m
Michael Golan	Non-Executive Director	1.5yrs	no data	no data
Pierre-Emmanuel Durand	Interim Member of the Board	less than a year	no data	no data
Maria Arnal	Independent Non-Executive Director	1.5yrs	US$172.50k	0.0033% € 138.7k
Blanca de Vega	Independent Non-Executive Director	1.5yrs	US$182.50k	0.0033% € 138.7k
Jules Niel	Interim Member of the Board	less than a year	no data	no data

1.5yrs

Average Tenure

57yo

Average Age

Experienced Board: M4M1's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.

Millicom International Cellular Management

Management criteria checks 1/4

Key information

Recent management updates

Millicom International Cellular S.A Announces Board Changes

High number of new directors

Millicom International Cellular S.A. Approves Board Elections

High number of new directors

Millicom Announces the Appointment of Marcelo Benitez as CEO, Effective June 1, 2024

Millicom International Cellular S.A. Announces Chief Financial Officer Changes

Recent updates

Millicom International Cellular S.A. to Report Q1, 2025 Results on May 08, 2025

SBA Communications Corporation (NasdaqGS:SBAC) has entered into an agreement to acquire Portfolio of approximately 7,000 towers of Millicom International Cellular S.A. (NasdaqGS:TIGO) for approximately $980 million.

SBA Communications Corporation (NasdaqGS:SBAC) has entered into an agreement to acquire Portfolio of approximately 7,000 towers of Millicom International Cellular S.A. (NasdaqGS:TIGO) for approximately $980 million.

Millicom International Cellular S.A Announces Board Changes

Xavier Niel Provides Information to Shareholders of Millicom International

Liberty Latin America Ltd. (NasdaqGS:LILA) entered into an agreement to acquire operations in Costa Rica from Millicom International Cellular S.A. (NasdaqGS:TIGO).

Millicom International Cellular S.A. (NasdaqGS:TIGO) proposed to acquire an unknown minority stake in Colombia Telecomunicaciones S. A. E.S.P. BIC (BVC:COLTEL) from Ministerio De Hacienda Y Credito Publico and others.

Millicom International Cellular S.A. (NasdaqGS:TIGO) proposed to acquire an unknown minority stake in Colombia Telecomunicaciones S. A. E.S.P. BIC (BVC:COLTEL) from Ministerio De Hacienda Y Credito Publico and others.

Xavier Niel Files an Amendment to Tender Offer with Millicom International Cellular S.A.

Xavier Niel Makes Tender Offer to Millicom International

High number of new directors

Millicom International Cellular S.A. Approves Board Elections

Millicom International Cellular S.A. to Report Q2, 2024 Results on Aug 08, 2024

First quarter 2024 earnings released: EPS: US$0.54 (vs US$0.018 in 1Q 2023)

High number of new directors

Millicom International Cellular S.A. to Report Q1, 2024 Results on May 08, 2024

Millicom Announces the Appointment of Marcelo Benitez as CEO, Effective June 1, 2024

Millicom International Cellular S.A. Announces Chief Financial Officer Changes

Millicom Appoints Aude Durand to its Board of Directors

Millicom Launches XGS-PON Fiber-To-The-Home

Millicom International Cellular S.A., Annual General Meeting, May 22, 2024

Millicom International Cellular S.A. Announces the Nomination Committee Ahead of the 2024 Annual General Meeting

Millicom International Cellular S.A. Expects Mauricio Ramos to Step Down as CEO, After the 2024 AGM

Millicom International Cellular S.A. Announces Executive Changes

Second quarter 2023 earnings released: US$0.13 loss per share (vs US$0.11 profit in 2Q 2022)

Millicom International Cellular S.A. (NasdaqGS:TIGO) acquired 2.6 GHz spectrum in Guatemala.

High number of new directors

Millicom International Cellular S.A. Approves the Election of Directors

First quarter 2023 earnings released

Atlas Luxco S.à r.l. acquired additional 12.6% stake in Millicom International Cellular S.A. (NasdaqGS : TIGO).

Millicom International Cellular S.A. to Report Q1, 2023 Results on Apr 27, 2023

Millicom International Cellular S.A. to Report Q4, 2022 Results on Feb 10, 2023

Apollo, Marcelo Claure Reportedly Eye Telecoms Group Millicom

Millicom International Cellular S.A. (NasdaqGS:TIGO) signed an agreement to acquire a 20% stake in Cable Onda, S.A.

Millicom International Cellular S.A. to Launch New Digital Maestr@s Conectad@s Platform for the Digital Skilling of Teachers in Latin America

Millicom International Cellular S.A. Elects Mr. Tomas Eliasson as New Non-Executive Director

Axian Group completed the acquisition of Tanzania Operations of Millicom International Cellular S.A.

Millicom International Cellular S.A. Announces Board Changes

Third quarter 2021 earnings released: EPS US$0.05 (vs US$0.42 loss in 3Q 2020)

Second quarter 2021 earnings released: US$0.98 loss per share (vs US$1.13 loss in 2Q 2020)

Independent Non-Executive Director has left the company

Independent Non-Executive Director has left the company

First quarter 2021 earnings released: EPS US$0.41 (vs US$1.21 loss in 1Q 2020)

Full year 2020 earnings released: US$3.28 loss per share (vs US$0.91 profit in FY 2019)

New 90-day low: €28.00

Full year 2020 earnings released: US$3.40 loss per share (vs US$0.91 profit in FY 2019)

New 90-day high: €31.40

Third quarter 2020 earnings released: US$0.42 loss per share

Millicom Appoints Karim Lesina as Executive Vice President, Chief External Affairs Officer

Third quarter earnings released

New 90-day high: €26.00

Millicom International Cellular S.A. Announces Nomination Committee

Comcel S.A. acquired 95% majority stake in Celcaribe S.A. from Millicom International Cellular SA (NasdaqNM:MICC) for $9.625 million.

New 90-day high - €25.80

Millicom International Cellular S.A. to Report Q4, 2020 Results on Feb 11, 2021

CEO

Tenure

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age