Millicom Names New CFO in Executive Shuffle
Ticker: MLCMF · Form: 6-K · Filed: Mar 25, 2024 · CIK: 912958
| Field | Detail |
|---|---|
| Company | Millicom International Cellular SA (MLCMF) |
| Form Type | 6-K |
| Filed Date | Mar 25, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $250 million, $100 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-change, cfo, succession
TL;DR
Millicom CFO Sheldon Bruha stepping down April 15, Bart Vanhaeren takes over. Planned succession.
AI Summary
Millicom International Cellular S.A. announced on March 22, 2024, that Sheldon Bruha will step down as Chief Financial Officer (CFO) effective April 15, 2024. He will be succeeded by Bart Vanhaeren, currently VP Corporate Finance at Millicom, as part of a planned succession process.
Why It Matters
This executive change at the CFO level can signal shifts in financial strategy or stability for Millicom, impacting investor confidence.
Risk Assessment
Risk Level: low — This is a routine executive succession announcement with no immediate financial implications mentioned.
Key Players & Entities
- Millicom International Cellular S.A. (company) — Registrant
- Sheldon Bruha (person) — Outgoing Chief Financial Officer
- April 15, 2024 (date) — Effective date of CFO change
- Bart Vanhaeren (person) — Incoming Chief Financial Officer
- March 22, 2024 (date) — Date of press release
FAQ
Who is succeeding Sheldon Bruha as CFO of Millicom?
Bart Vanhaeren, currently VP Corporate Finance at Millicom, will succeed Sheldon Bruha as CFO.
When is Sheldon Bruha's last day as CFO?
Sheldon Bruha's last day as CFO is effective April 15, 2024.
What is the reason for Sheldon Bruha stepping down?
Sheldon Bruha is stepping down as part of a planned succession process.
What is the name of the company filing this report?
The company filing this report is Millicom International Cellular S.A.
On what date was the press release announcing the CFO change issued?
The press release announcing the CFO change was dated March 22, 2024.
Filing Stats: 1,174 words · 5 min read · ~4 pages · Grade level 13.8 · Accepted 2024-03-25 16:36:42
Key Financial Figures
- $250 million — m that is expected to achieve more than $250 million of savings. He has also helped develop
- $100 million — rposes. The DNB Loans consist of (i) a $100 million unsecured credit agreement of Millicom
Filing Documents
- dp208770_6k.htm (6-K) — 34KB
- image_002.jpg (GRAPHIC) — 4KB
- image_003.jpg (GRAPHIC) — 5KB
- 0000950103-24-004234.txt ( ) — 48KB
Forward-looking statements
Forward-looking statements This press release contains forward-looking release publicly the result of any revisions to these forward-looking statements which may be made to reflect events or circumstances after the date hereof, including, without limitation, changes in our business or acquisition strategy or planned capital expenditures, or to reflect the occurrence of unanticipated events. -END- For further information, please contact Press: Sofía Corral, Communications Director 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, 2023, Millicom, including its Honduras Joint Venture, employed approximately 16,500 people and provided mobile and fiber-cable services through its digital highways to more than 45 million customers, with a fiber-cable footprint over 13 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. MILLICOM INTERNATIONAL CELLULAR S.A. (Registrant) By: /s/ Salvador Escalón Name: Salvador Escalón Title: Executive Vice President, Chief Legal and Compliance Officer Date: March 25, 2024