Millicom International Cellular: François-Xavier Roger to Leave Millicom – Marc Zagar to Be Interim CFO


STOCKHOLM–Millicom, the international telecommunications and media company (Stockholmsbörsen: MIC), today announced that François-Xavier Roger, Chief Financial Officer of Millicom, will leave the company on 31 August 2013. As announced by Takeda Pharmaceutical Company Ltd, he will join the international pharmaceutical firm as Chief Financial Officer on 2 September 2013.

Following Mr. Roger’s departure, Marc Zagar will act as Interim Chief Financial Officer pending the recruitment of a permanent CFO. Mr. Zagar is currently EVP Controlling and Analytics and was formerly EVP Finance at Modern Times Group (MTG AB). Mr. Roger will remain available to support a smooth transition during the recruitment period for his successor.

Hans-Holger Albrecht, President and Chief Executive Officer of Millicom said: 

“The Board and I would like to thank François-Xavier on behalf of everyone at Millicom for his dedicated leadership as Chief Financial Officer, his contribution to Millicom’s evolution over the last five years and his strong input to Millicom’s new strategy. We wish him well in his new role at Takeda Pharmaceutical Company Ltd. We have already begun the recruitment of his successor and will be announcing an appointment in due course.”

François-Xavier Roger commented:

“I am privileged to have worked with an exceptional team with the support of an excellent Board. Together, we have built a high growth and value generative business with a clear focus on shareholder returns. It has been a fantastic journey, and I am confident that, it will continue successfully into the future.”

About Millicom

Millicom is a leading international telecommunications and media company dedicated to emerging markets in Latin America and Africa. Millicom sets the pace when it comes to providing digital lifestyle services to the world’s emerging markets, giving access to the world, primarily through mobile devices. Operating in 15 countries, Millicom offers innovative and customer-centric products. The Millicom Group employs more than 10,000 people and provides mobile services, access to the internet, content and financial services to over 47 million customers. Founded in 1990, Millicom International Cellular SA is headquartered in Luxembourg and listed on NASDAQ OMX Stockholm under the symbol MIC. In 2012, Millicom generated revenue of USD 4.81 billion and EBITDA of USD 2.07 billion.

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