Millicom International Cellular S.A. announced that Sheldon Bruha will be stepping down from the role of Chief Financial Officer (CFO), effective on April 15th, as part of a planned succession process. Sheldon will be succeeded as CFO by Bart Vanhaeren, currently VP Corporate Finance at Millicom. Sheldon will continue to serve as an advisor to Millicom through June 30, 2024 to ensure a continued smooth and organized transition.

Sheldon joined the Company as CFO at the beginning of 2022 and, among other key successfully executed initiatives, has played an instrumental role in driving Project Everest, the Company?s cost-efficiency program that is expected to achieve more than $250 million of savings. He has also helped develop financial talent within the company, enabling the appointment of Bart. Sheldon will pursue other professional opportunities upon the end of the transition period.

Bart is a fourteen-year veteran of Millicom, having held several senior financial and management leadership roles during that time. Most recently, he has overseen Corporate Finance, which encompasses the Company?s Treasury, Tax, Mergers & Acquisitions and Corporate Administration activities. Prior to Millicom, Bart distinguished himself through a series of leadership roles across global organizations such as Strategy and Corporate Development Manager for EMEA at 3M, Senior Consultant at Deloitte and Senior Auditor at PriceWaterhouseCoopers.