Millicom Appoints Cynthia Gordon as EVP, CEO Africa Division
August 26 2015 - 4:12AM
Business Wire
Millicom (NASDAQ:MICC)(STO:MIC) today announced the appointment
of Cynthia Gordon as its Executive Vice President, CEO Africa
Division. She takes up the role on 21 September.
Cynthia will be Millicom’s Executive Vice President responsible
for leading the company’s six operations in Africa: Tanzania,
Ghana, DRC, Senegal, Rwanda and Chad.
Cynthia will focus on delivering and executing a strong and
profitable organic growth plan for Africa. Cynthia will report
directly to Millicom's CEO and will lead a newly created Africa
Executive Committee, tasked with overseeing and driving Millicom's
African operations.
Cynthia has more than 20 years of telecom sector specific
experience, leading mobile, broadband and fixed-line
operations in emerging markets across Asia, the Middle East,
Africa and Russia. She developed her Africa experience while
at Orange, where she was Vice-President of Partnerships and
Emerging Markets, and Ooredoo where she was Chief Commercial
Officer, reporting to the Group CEO.
At Ooredoo, Cynthia was responsible for optimizing
performance across marketing, distribution and customer
services, and reviewing and implementing commercial
strategies to drive revenue and profitable growth across
the Group's footprint. Cynthia will remain on the Board of
Commissioners of Ooredoo’s largest operating company Indosat, one
of the largest telecommunications players in Indonesia
with approximately 68.5 million customers.
Commenting on her appointment Mauricio Ramos, Chief
Executive Officer, Millicom, said: “I am delighted to
welcome Cynthia to Millicom. Under Cynthia’s leadership, the
Africa division will be optimized to focus on delivering organic
growth in the region. She knows the telecoms industry
inside-out, and will bring her commercial acumen to support
the delivery of our strategy to build and grow our digital services
in Africa while creating value for our shareholders.”
Cynthia Gordon said: “This is a transformative time for the
digital and telecommunications space in Africa. I am
really looking forward to joining Millicom, which is bringing
a digital lifestyle, mobile access, mobile financial services,
business services, and more to millions of people who
increasingly see the internet as one of the most important
enablers for their development.”
About Millicom
Millicom is a leading telecommunications and media company
dedicated to emerging markets in Latin America and Africa. Millicom
sets the pace in providing innovative and customer-centric Digital
Lifestyle services in mobile, cable and satellite to more than 59
million customers and employs 15,800 people. Founded in 1990,
Millicom International Cellular SA is listed on NASDAQ OMX
Stockholm under the symbol MIC. In 2014, Millicom generated revenue
of $6.4 billion and EBITDA of $2.1 billion.
In Africa, Millicom is a leading Digital Lifestyle service
provider in six markets, serving 28 million customers. Together, in
2014, these markets generated revenue of USD 1 billion and
accounted for 16 per cent of the Millicom Group’s overall revenues.
In Tanzania, its main contributor to the region, Millicom signed a
Share Purchase Agreement in June 2015 to acquire an 85 per cent
stake in Zanzibar Telecom (Zantel). As a leading provider of Mobile
Financial Services (MFS) in Africa, Millicom is a strong advocate
of financial inclusion. In Q2 results, July 2015, Millicom reported
46 per cent growth in MFS revenue, and announced an overall revenue
growth in Africa, in local currencies, of 15.3%.
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Press Enquiries:MillicomTabitha Aldrich-SmithInterim
Communications Director+44 (0)203 249
2171press@millicom.comorInvestor Enquiries:MillicomNicolas
DidioDirector of Investor Relations+44 203 249
2220investors@millicom.com
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