Mr. Tim Pennington holds a BA (Hons) in Economics from the University of Manchester and is an associate of the Chartered Institute of Bankers, UK. He is an Independent Non-Executive Director on the Board of MTN Group Limited. He was the Chief Financial Officer (CFO) of Millicom International Cellular from 2014 until March 2022.

He has served as CFO in other international companies listed in New York, London, Stockholm and Hong Kong. Mr. Pennington played an instrumental role in Millicom’s transformation into a leading provider of fixed and mobile broadband services. Under his leadership as CFO, the company successfully transformed the business into a leading Latam telecom operator through the disposal and acquisition of various operations, then listing the business on NASDAQ in the U.S.

Mr. Pennington served as a Non-Executive Director on the Board of London-listed Euromoney Institutional Investor PLC. He is commercially driven with extensive telecommunications experience, as well as considerable corporate finance and strategic knowledge spanning several global jurisdictions.