Millicom Appoints CEO

The Board has appointed Mikael Grahne to succeed Marc Beuls as President and Chief Executive Officer

March 2, 2009

1 Min Read

NEW YORK and STOCKHOLM -- Millicom International Cellular S.A. (NASDAQ:MICC)(STO:MIC), the global telecommunications company, today announces that the Board has appointed Mikael Grahne to succeed Marc Beuls as President and Chief Executive Officer (CEO). Marc Beuls today steps down after eleven years as CEO and seventeen years with the company.

Mikael Grahne has been the Chief Operating Officer of Millicom since February, 2002 and has been responsible for the successful development of Millicom´s operational strategies, including the development of the Tigo brand.

Millicom Chairman, Daniel Johannesson, said: “As the Company moves into a new phase the Board believes that our focus on operational excellence should be driven from the top. Mikael Grahne has the experience, personality and qualifications necessary for this new challenge.”

Mikael Grahne commented: “I am delighted to succeed Marc Beuls as Chief Executive. Although I take on this role in a challenging economic climate, I look forward to leading our talented and experienced management team and building on Millicom’s success."

Millicom Chairman, Daniel Johannesson added: “I know that I speak not only for the Board, but for everyone at Millicom, when I thank Marc Beuls for his leadership and substantial contribution over the last 11 years as Chief Executive. He has been responsible for leading the Company through a period of extremely high growth to create the force that Millicom is today in emerging markets. We wish him every success in his future career.”

Millicom International Cellular SA (Nasdaq: MICC)

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