Millicom appoints LATAM executive as new CEO

DetailsJuan Fernandez Gonzalez | 09 March 2015

Indicating the growing importance of Latin American markets for Millicom, the Swedish company has appointed Mauricio Ramos as its new CEO.

The Latin American executive was most recently President of Liberty Global's Latin American Division, and will take the CEO place in Millicom from 1 April.

Over the past 14 years Ramos has held a number of leadership roles at Liberty Global, including positions as chairman and CEO of VTR in Chile, CFO of Liberty's Latin American Division and president of Liberty Puerto Rico. Throughout this period he has successfully developed both mobile and broadband businesses in Latin America, delivering solid operational improvements and outstanding financial results.

Mauricio is also chairman of TEPAL, the Latin American association of cable broadband operators. He will replace Hans-Holger Albrecht, who stepped down last December after two years of holding the position.

"The board is pleased to announce the appointment of Mauricio Ramos as CEO of Millicom. He is a talented and experienced world-class professional, with a deep understanding of the digital consumer," said Cristina Stenbeck, chairman at Millicom. "He will bring the vision, leadership and execution capability necessary to further develop our strong Tigo franchise and create long term shareholder value."

Mauricio Ramos added: "I am absolutely thrilled to have been asked to become Millicom's CEO. I have long admired the company's innovative strategy, strong market positions, entrepreneurial spirit and talented professionals. I look forward to continuing to bring Tigo's innovative products and services to customers and their communities while delivering superior returns to its shareholders."