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.”