The Nomination Committee proposes new Board Directors
Stockholm, 11 March, 2016 – Millicom, the international telecommunications and media company, has been informed by the Nomination Committee that it proposes the re-election of current Board Directors Odilon Almeida, Tomas Eliasson, Lorenzo Grabau and Alejandro Santo Domingo, and the election of Tom Boardman, Janet Davidson and Simon Duffy as new Directors of the Board. The Nomination Committee also proposes the election of Tom Boardman as Chairman of the Board. Anders Borg, Paul Donovan, Dame Amelia Fawcett and Cristina Stenbeck have decided not to seek re-election. The Annual General Meeting will be held on 17 May, 2016.
Tom Boardman has been a Director of the Board of Investment AB Kinnevik since 2011. He is also a Non-Executive Director of Nedbank Group, Woolworths Holdings, Royal Bafokeng Holdings and African Rainbow Minerals, and was a Non-Executive Director of Vodacom Group between 2009 and 2011. Tom held various managerial positions within the South African mining and retailing industries during 1973-1986. Between 1986 and 2002 he held managerial positions within the BoE Bank and during 2003-2010 he was Chief Executive of Nedbank Group. Tom is a South African national with a B Com and CTA from University of Witwatersrand, South Africa.
Janet Davidson is currently a supervisory board member of STMicroelectronics. Janet held various managerial position in Alcatel Lucent from 1979-2011 including the role as Chief Strategy Officer, Chief Compliance Officer and Executive Vice President, Quality & Customer Care. Janet is a US national with an MSc in Electrical Engineering from Georgia Institute of Technology.
Simon Duffy is the Non-Executive Chairman of YouView TV and a Non-Executive Director of Modern Times Group, Oger Telecom, and Wizz Air. Simon was Executive Chairman of Tradus until the company’s sale in March 2008. He was also Executive Vice Chairman of ntl:Telewest until 2007, having joined ntl in 2003 as CEO. Simon has also served as CFO of Orange, CEO of wireless data specialist End2End, CEO and Deputy Chairman of WorldOnline International, and held senior positions at EMI Group and Guinness. Simon is a UK national with a BA from Oxford University and an MBA from Harvard University.
The Chairman of the Nomination Committee, Lorenzo Grabau, commented: “I am delighted to welcome Tom Boardman, Janet Davidson and Simon Duffy as new Directors of the Board. The proposed members combine a deep understanding of the global mobile industry’s opportunities with a relevant knowledge of Millicom’s local markets, which will be of great benefit to the execution of Millicom’s growth strategy to expand data monetization and grow the company’s cable footprint. With the continued convergence of conventional telecommunications and entertainment services, the proposed Board will provide invaluable support to Millicom’s management team in building one of the leading convergent digital lifestyle players in Latin America and Africa.”
Lorenzo Grabau added: “On behalf of all shareholders, the Nomination Committee wants to extend its sincere gratitude to Paul Donovan who has played an important role in Millicom’s transition during the last seven years. The Nomination Committee also thanks Anders Borg, Dame Amelia Fawcett and Cristina Stenbeck for their dedicated work at the Millicom Board. Anders Borg will remain as a Senior Advisor to the company.”
The Nomination Committee will present its full proposals in the notice convening Millicom’s Annual General Meeting. The Nomination Committee is finalizing its discussions relating to a fourth candidate to complete the Committee’s proposal for eight Board Directors.
The Nomination Committee comprises Cristina Stenbeck as Chairman of the Board of Directors, Lorenzo Grabau appointed by Investment AB Kinnevik, Mathias Leijon appointed by Nordea Investment Funds, and Marianne Nilsson appointed by Swedbank Robur Fonder.
For further information please contact:
Lorenzo Grabau, Chairman of the Nomination Committee +46 8 562 000 00
About Millicom
Millicom is a leading telecom 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 services to more than 62 million customers. Founded in 1990, Millicom International Cellular SA is headquartered in Luxembourg and listed on NASDAQ Stockholm under the symbol MIC. In 2015, Millicom generated revenue of USD 6.73 billion and Adjusted EBITDA of USD 2.27 billion.
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