Millicom selects Hans-Holger Albrecht as new CEO

Mikael Grahne set to step down after four years as CEO
Hans-Holger will replace Mikael Grahne as CEO of Millicom.
Hans-Holger will replace Mikael Grahne as CEO of Millicom.


Millicom International Cellular, a Belgium-based firm with mobile operations in Africa, has appointed Hans-Holger Albrecht as president and CEO, effective from October 31 2012.

Hans-Holger will replace Mikael Grahne, who has notified the board of directors of his intention to step down after almost four years as president and CEO, and eleven years with the company.

Hans-Holger Albrecht is currently the president and CEO of Modern Times Group MTG, the Nasdaq OMX listed international entertainment broadcasting group.

Hans-Holger has also been a member of the Millicom board of directors since May 2010 and will step down from this role with immediate effect.

Mikael Grahne has served as Millicom’s President and CEO since March 2009. He joined Millicom in February 2002 as chief operating officer from his previous position as president of Seagram Latin America.

Allen Sangines-Krause, chairman of the Millicom board of directors, said: “Hans-Holger is the perfect choice to take on the CEO role at Millicom as we build on our success to date. Not only does Hans-Holger have the proven international management expertise and track record to take Millicom into the next phase of its development, but the business cultures of MTG and Millicom are very similar.”

REGISTER NOW | Webinar Event | Security you can bank on – Safeguarding the Middle East’s financial sector

Presented in partnership with security and network specialist Cybereason, the second in the three part webinar series will bring together a panel of experts to discuss how banks and financial institutions are evolving their service offering while simultaneously staying one step ahead of the cyber criminals who seek to bring their operations crashing to the ground.

Editor's Choice

Emerson expands analytics platform for industrial enterprise-level wireless infrastructure management
Plantweb Insight platform adds two new Pervasive Sensing applications that manage wireless networks more efficiently with a singular interface to the enterprise
Digitalisation seen as a competitive advantage by Middle East private businesses
Nearly 80 per cent of private business leaders acknowledge that digitalisation can impact business sustainability
Etisalat introduces Multi-Access Edge Computing architecture delivering best-in-class video streaming performance for 5G networks
MEC architecture achieves performance gains of as much as 90% in video streaming, validating how ultra-low-latency applications will be delivered over 4G and 5G networks

Most popular

Don't Miss a Story