Anders Borg is to join the boards of telecoms group Millicom and of its largest shareholder, investment firm Kinnevik.
Borg, who was Sweden’s finance minister between 2006 and 2014, will serve as non-executive director at Millicom and as deputy…
Anders Borg is to join the boards of telecoms group Millicom and of its largest shareholder, investment firm Kinnevik.
Borg, who was Sweden’s finance minister between 2006 and 2014, will serve as non-executive director at Millicom and as deputy chairman of Kinnevik.
Millicom chairwoman Cristina Stenbeck said: “With his unique international experience and his keen understanding of the market dynamics in Millicom’s core markets, [Borg] will be a strong addition to the board and I look forward to working with him as Millicom continues the expansion of its regional presence and its digital lifestyle offering.”
Borg’s nominations are expected to be approved at the companies’ next AGM in May 2015.
Earlier this month, Millicom announced that its current president and CEO, Hans-Holger Albrecht, planned to step down at the end of the year. CFO Tim Pennington will serve as interim CEO until a permanent replacement is found.
Millicom operates in 14 countries, primarily under the Tigo brand, in Latin America and Africa. It provides mobile, cable, broadband, TV content, online and financial services to more than 50 million customers.
