Grahne resigns as Millicom president and CEO

Millicom International has announced that its president and CEO, Mikael Grahne is to step down from the position at the end of October. He is being replaced by Hans-Holger Albrecht, currently the president and CEO of Modern Times Group, an 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.

Grahne has served as Millicom’s president and CEO since March 2009, having joined Millicom in February 2002 as COO.