Millicom CEO to step down

02 December 2014 |


Millicom president and CEO Hans-Holger Albrecht is to step down at the end of the year.

CFO Tim Pennington is set to assume the role of interim CEO while the company’s board of directors searches for a successor.

Albrecht became president and CEO of Millicom in November 2012, and is credited with diversifying the company’s focus from pure telecoms to digital lifestyle.