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Millicom Shuffles its Management Team

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Millicom International Cellular which owns various mobile networks in America and Africa has announced plans to restructure its management team. The head office of Millicom will remain in Luxembourg, while some categories and functions will be operated from Miami.

Millicom will continue to report its results by region, namely: Central America, South America and Africa. Millicom intends to increase, over time, the level of disclosure by category: Communication, Information, Entertainment, Solutions and Mobile Financial Services (MFS).

Mario Zanotti, formerly Chief Officer Latin America, has been appointed COO Categories and Global Sourcing, responsible for the Communication, Information, Entertainment and Solutions categories as well as the group Technology and Supply Chain functions.

Regis Romero, formerly Chief Officer Africa, has been appointed COO Global Markets. He will be in charge of operations in all markets, including the development of the Home segment, which includes broadband internet and cable TV.

The MFS category, which encompasses cash transfer services and other banking activities, will be managed by François-Xavier Roger, Chief Financial Officer, who will continue to head the Global Finance function.

The Global HR function will be headed by Jo Leclère, Chief HR Officer. These executives, together with Mikael Grahne, President and Chief Executive Officer, will form the Executive Committee.

Mikael Grahne, CEO, commented: "In a fast-moving industry, we have consistently innovated, differentiating ourselves from our global competitors. While we have grown rapidly, our business has become more complex, presenting many opportunities and exciting challenges. Non voice products already account for 28% of our revenues. We expect them to generate more than half of our revenues in a few years. This evolution requires that we accelerate the development of new products and categories, deepen our consumer understanding skills, and innovate in our go-to-market strategies. The new structure will ensure that we have the best possible mix of local experience and global expertise."

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Tags: millicom  Luxembourg