Millicom announced that Tim Pennington will retire from the role of Chief Financial Officer on April 1, 2022. He will be replaced by Sheldon Bruha, who will join the company on January 17 and will assume the role of Chief Financial Officer on April 1, 2022. Pennington will continue to serve as an advisor to the CEO through the end of 2022 to ensure a continued smooth and organized transition.

Bruha was most recently the CFO at Frontier Communications, one of the larger fixed-line communication providers in the United States. He successfully helped navigate the business through its financial restructuring. Prior to joining Frontier, he held several senior financial leadership roles at Cable & Wireless, including head of corporate development, where he led the strategic transformation and re-shaping of the company prior to its sale to Liberty Latin America.

He also held senior financial leadership roles at CDI Corp. Bruha started his career at Lehman Brothers, holding senior positions in its New York and London TMT groups.