Millicom’s Nomination Committee’s proposal for Board of Directors

Rhea-AI Summary

Millicom (TIGO) has announced changes to its Board of Directors ahead of the Annual General Meeting scheduled for May 21, 2025. The Nomination Committee has proposed the election of Pierre-Alain Allemand as a new board member, highlighting his extensive technical experience in telecommunications and emerging markets.

The committee also proposed the re-election of seven current board members: Maxime Lombardini, Jules Niel, Pierre-Emmanuel Durand, María Teresa Arnal, Bruce Churchill, Blanca Treviño de Vega, and Justine Dimovic. Additionally, Maxime Lombardini has been nominated to serve as Chair of the Board.

Current board member Tomas Eliasson has decided not to seek re-election. The Nomination Committee comprises Jules Niel (Chair, appointed by Atlas), Jan Dworsky (Swedbank Robur Funds), Gerardo Zamorano (Brandes Investment Partners), and Maxime Lombardini.

Positive

• Addition of new board member with technical expertise in telecommunications and emerging markets
• Continuity maintained with re-election of seven experienced board members

Negative

• Loss of experienced board member Tomas Eliasson from the Audit and Compliance Committee

Millicom’s Nomination Committee’s proposal for Board of Directors

Luxembourg, March 17, 2025 – In advance of the Annual General Meeting of shareholders (“AGM”) of Millicom International Cellular S.A. (“Millicom”), to be held on May 21, 2025, Millicom’s Nomination Committee proposes: 

• The election of Pierre-Alain Allemand as new member of the Board of Directors; 

• The re-election of Maxime Lombardini, Jules Niel, Pierre-Emmanuel Durand, María Teresa Arnal, Bruce Churchill, Blanca Treviño de Vega and Justine Dimovic as members of the Board; and

• The election of Maxime Lombardini as Chair of the Board.

Tomas Eliasson has decided not to seek re-election.
Jules Niel, Chair of the Nomination Committee, commented: “The Nomination Committee is pleased to propose the election of Pierre-Alain Allemand as new member of the Board. Pierre-Alain will bring his extensive technical experience in the telecommunication sector and emerging markets.”

Maxime Lombardini, Chair of the Board, added: “On behalf of the Board, the management team, and all shareholders, I would like to extend our gratitude to Tomas Eliasson for his valuable contributions to the Board and the Audit and Compliance Committee. In addition, I look forward to Pierre-Alain joining the Board in May.”

The Nomination Committee’s motivated statement and full proposals are available in the corporate governance section of the Millicom website and will be presented together with the convening notice to Millicom’s AGM, to be held on May 21, 2025.
The Nomination Committee ahead of the 2025 AGM comprised: Jules Niel (appointed by Atlas), designated as Nomination Committee Chair, Jan Dworsky (appointed by Swedbank Robur Funds), Gerardo Zamorano (appointed by Brandes Investment Partners), and Maxime Lombardini (Interim Chair of the Millicom Board of Directors).

  -END-

For further information, please contact

Press: Sofia Corral, Director Corporate Communications press@millicom.com

Investors: Michel Morin, VP Investor Relations investors@millicom.com

About Millicom

Millicom (NASDAQ U.S.: TIGO, Nasdaq Stockholm: TIGO_SDB) is a leading provider of fixed and mobile telecommunications services in Latin America. Through our TIGO® and Tigo Business® brands, we provide a wide range of digital services and products, including TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, high-speed data, voice, and business-to-business solutions such as cloud and security. As of December 31, 2024, Millicom, including its Honduras Joint Venture, employed approximately 14,000 people, and provided mobile and fiber-cable services through its digital highways to more than 46 million customers, with a fiber-cable footprint of about 14 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg.

FAQ

Who is joining Millicom's (TIGO) Board of Directors in May 2025?

Pierre-Alain Allemand is proposed to join Millicom's Board, bringing technical expertise in telecommunications and emerging markets.

How many board members are proposed for re-election at Millicom's 2025 AGM?

Seven current board members are proposed for re-election: Maxime Lombardini, Jules Niel, Pierre-Emmanuel Durand, María Teresa Arnal, Bruce Churchill, Blanca Treviño de Vega, and Justine Dimovic.

When is Millicom's (TIGO) 2025 Annual General Meeting scheduled?

Millicom's Annual General Meeting is scheduled for May 21, 2025.

Who is stepping down from Millicom's Board of Directors?

Tomas Eliasson has decided not to seek re-election to the Board.