Millicom Board Of Directors Appoints Marcelo Benitez As CEO, Effective June 1, 2024
Portfolio Pulse from Benzinga Newsdesk
Millicom has appointed Marcelo Benitez as its new CEO, effective June 1, 2024. Benitez, with a long tenure at Millicom, was previously CEO of TIGO Panama and has held various leadership roles within the company. His appointment concludes a comprehensive succession planning process. Under his leadership, TIGO Panama became the leading telecom provider by integrating Cable Onda and Movistar Panama. The transition includes Mauricio Ramos continuing as Chair of the Board, and Maxime Lombardini's anticipated addition to the Board, pending shareholder approval.
April 25, 2024 | 9:07 pm
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Marcelo Benitez's appointment as CEO of Millicom, effective June 1, 2024, marks a significant leadership transition, reflecting his extensive experience within the company and success in leading TIGO Panama.
Benitez's appointment as CEO is likely to be viewed positively by investors due to his extensive experience and successful track record within the company, particularly in integrating Cable Onda and Movistar Panama to make TIGO Panama the leading telecom provider. This leadership transition, part of a well-planned succession process, suggests a stable and strategic approach to governance and operations, potentially boosting investor confidence and positively impacting stock prices in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100