STOCKHOLM -- (Business Wire)
Millicom International Cellular (NASDAQ:MICC) (STO:MIC):
Millicom, the international telecommunications and media company
(Stockholmsbörsen: MIC), has been informed by the Nomination Committee
that it has nominated Cristina Stenbeck, Tomas Eliasson, Dame Amelia
Fawcett and Dominique Lafont as new non-executive Directors for election
at the AGM to be held on 27 May 2014.
The Nomination Committee of the Board will propose four new
non-executive Directors for election to the Board of Millicom. The new
Board members proposed are Cristina Stenbeck, Tomas Eliasson, Dame
Amelia Fawcett and Dominique Lafont. The Committee has also nominated
Cristina Stenbeck as Chairman of the Board of Millicom.
The Nomination Committee proposes to re-elect Mia Brunell Livfors, Paul
Donovan, Ariel Eckstein, Lorenzo Grabau and Alejandro Santo Domingo as
non-executive directors.
Allen Sangines-Krause, Omari Issa and Kim Ignatius have informed the
Nomination Committee that they will not seek re-election at the
forthcoming AGM.
Mathias Leijon, CIO of Nordea Investment Funds and member of the
Nomination Committee, commented: “The Nomination Committee is pleased
that Cristina Stenbeck has accepted our proposal to nominate her as
Chairman of the Board of Millicom. Cristina Stenbeck brings valuable
leadership skills and industry expertise to Millicom as the Company
seeks to expand its regional presence and its digital lifestyle
offering. She is deeply knowledgeable of the strategic opportunities and
the challenges that Millicom faces as a leading shareholder and a board
member.”
The Chairman of the Nomination Committee, Cristina Stenbeck commented:
“The Nomination Committee is delighted to nominate three such highly
qualified candidates as Tomas Eliasson, Dame Amelia Fawcett and
Dominique Lafont.
Tomas Eliasson is a seasoned CFO of a leading global consumer focused
company with expertise in financial, treasury and risk management across
multiple jurisdictions and currencies. He is experienced in overseeing
operations in growth markets and in managing the finance function of a
leading Swedish public company.
Dame Amelia Fawcett has worked in financial services for more than 20
years and has led the transformation of multiple businesses both in an
executive and in a non-executive role in Europe, the US, Latin America,
Asia and the Middle East.
Dominique Lafont has built a very successful infrastructure and
logistics business across 45 African countries within the Bolloré Group.
As a former CFO and now CEO, Dominique brings unique African operational
expertise, capital management discipline and real insight in the
regional dynamics of East and West Africa.”
The biographical details of the nominees are as follows:
Tomas Eliasson
Tomas Eliasson has been Chief Financial Officer and Senior
Vice-President of Electrolux, the Swedish household and professional
appliances manufacturer, since 2012. He previously held various
management positions in Sweden and abroad at ABB Group from 1987–2002,
was Chief Financial Officer of Seco Tools AB from 2002–2006 and Chief
Financial Officer of ASSA ABLOY AB from 2006–2012.
Tomas Eliasson has a Bachelor of Science in Business Administration and
Economics from the University of Uppsala.
Dame Amelia Fawcett
Dame Amelia Fawcett is the Deputy Chairman of Investment AB Kinnevik.
She is also Chairman of the Hedge Fund Standards Board in London, a
Non-Executive Director of State Street Corporation in Boston,
Massachusetts, where she chairs the Risk and Capital Committee, and a
Non-Executive Director of HM Treasury in London.
Between 2007 and 2013, Dame Amelia Fawcett was a Non-Executive Director
and then Chairman of the Guardian Media Group, one of the UK’s leading
media companies, and between 2007 and 2010, she was Chairman of Pensions
First, a financial services and systems solutions business, which she
helped set up. From 1987-2007 she worked for Morgan Stanley, first as an
executive and then in an advisory role.
She started her career at the US law firm of Sullivan and Cromwell,
first in New York then in Paris.
Dame Amelia has a degree in history from Wellesley and a law degree from
the University of Virginia.
Dominique Lafont
Dominique Lafont has been Chief Executive Officer of Bolloré Africa
Logistics since 2006. The French company provides integrated logistics
networks on the African continent and operates public-private
partnerships in the port and rail sectors. Dominique Lafont joined the
company in 1999 as the Financial Director for Africa at the Bolloré
Group before being appointed the Managing Director of its Anglophone
Africa Unit in 2003.
Prior to this he held senior positions at the Saga Group, the Rivaud
Group and Sogea of the Vinci Group. He began his career at Arthur
Andersen in France.
Dominique holds an MBA from the ESSEC Business School and a degree in
business law from the Panthéon-Assas University in Paris.
Cristina Stenbeck
Cristina Stenbeck is the Executive Chairman of Investment AB Kinnevik.
Cristina began her career within the Kinnevik group in 1997 when she
joined the Board of Invik & Co, its financial services company. Cristina
Stenbeck became vice Chairman of Investment AB Kinnevik in 2003 and
Chairman in 2007. In addition to leading Kinnevik, she is also Chairman
of Zalando, the leading European fashion and accessories e-commerce
company. In recent years, she has also served on the Boards of Millicom,
Tele2, Modern Times Group, Transcom WorldWide and Metro International.
She chairs the Nomination Committees of Investment AB Kinnevik,
Millicom, Tele2, Modern Times Group, and CDON Group which spearhead the
recruitment of new Directors for each of these companies’ Boards.
She graduated with a B.Sc. from Georgetown University in Washington DC,
USA.
Cristina Stenbeck, Chairman of the Nomination Committee added: “On
behalf of all shareholders I would like to thank Allen Sangines-Krause,
Omari Issa and Kim Ignatius for their significant contribution to the
Millicom Board. Kim Ignatius has led the Audit Committee for three years
as the Company has repositioned itself strategically, established a new
leadership team and made a number of key acquisitions to strengthen its
regional presence. He has provided continuity, financial discipline and
high standards of transparency and governance.
I was delighted when Allen Sangines-Krause and Omari Issa each accepted
to remain involved with Millicom by chairing our Latin American and
African Advisory Councils, respectively. The Advisory Councils will
review operational and strategic initiatives in their respective
regions, assess key potential partnerships and help Millicom build even
stronger stakeholder relationships. I look forward to working closely
with both of them.”
Notes to Editors
1. The proposal meets the requirements of the Swedish Code of Corporate
Governance for independent members of the Board of Directors. Subject to
the agreement of the AGM, all nine of the members of the Board are
independent in relation to both the company and its management and five
are independent in relation to Millicom’s major shareholders.
2.The Nomination Committee is comprised of Cristina Stenbeck on behalf
of Investment AB Kinnevik, Annika Andersson on behalf of Swedbank Robur
funds and Mathias Leijon on behalf of Nordea Investment Funds. The three
members in the Nomination Committee are appointed by shareholders that
jointly represent approximately 45 percent of the shareholder votes in
Millicom.
About Millicom
Millicom is a leading international telecommunications and media company
dedicated to emerging markets in Latin America and Africa. Millicom sets
the pace when it comes to providing digital lifestyle services to the
world’s emerging markets, giving access to the world, primarily through
mobile devices. Operating in 15 countries, Millicom offers innovative
and customer-centric products. Millicom employs more than 10,000 people
and provides mobile, cable, broadband, TV content, online and financial
services to over 50 million customers. Founded in 1990, Millicom is
headquartered in Luxembourg and listed on NASDAQ OMX Stockholm under the
symbol MIC. In 2013 Millicom generated revenue of $5.16 billion and
EBITDA of $1.9 billion.
This information was brought to you by Cision http://news.cision.com
Contacts:
Millicom International Cellular
Investor Relations:
Nicolas
Didio
Director, Head of Investor Relations
+44 7795 385217
investors@millicom.com
Press
and Media:
Julian Eccles
VP, Corporate Communications
+44
7720 409374
press@millicom.com
Source: Millicom International Cellular
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