Millicom announced that its Board of Directors has appointed Marcelo Benitez as CEO of Millicom, effective June 1, 2024. Benitez has had a distinguished career with Millicom, having joined the company in Paraguay nearly 30 years ago and risen through the Company?s ranks to his most recent role as CEO of TIGO Panama. Prior to this, Benitez held the position of Vice President for the Central America Region, where he oversaw the Company?s operations across Honduras, El Salvador, Costa Rica, Nicaragua, and Panama.

His career with TIGO has also included roles as CEO of TIGO El Salvador and CEO of Tigo Business (TIGO?s B2B operation), among others. Benitez holds an MBA from Pontificia Universidad Católica de Chile, a BBA from Pacific University, and a leadership program at Stanford University. As planned in the transition process, and subject to shareholder approval at the AGM currently scheduled for May 23, 2024, Mauricio Ramos will continue as Chair of the Board of Directors of Millicom.

In addition, Ramos will continue to perform key executive roles, overseeing external stakeholder relations, including government relations, joint venture partners, M&A, and legal, governance and regulatory matters.