Helios Towers, the independent telecoms infrastructure company, today announces that the current Executive Chairman Chuck Green will be stepping down as of the end of the year from his role with the group. Together with the founding shareholders, Chuck co-founded Helios Towers and was the first CEO in 2009 and was named Executive Chairman in July 2015.
A search process is underway for his successor and the company will seek to appoint a non-executive chairman and other non-executive directors to provide advice and counsel with geographical and industry knowledge. The establishment of an independent board is a key part of the company’s development as it continues its growth and to comply with the UK Corporate Governance Code.
"Chuck’s stewardship of Helios since its inception has helped to significantly shape the company and the industry in Africa and for that we are all grateful. He was at the helm as we set up our operations in each of our markets and he was truly instrumental in establishing Helios as a leading tower company. We wish him all the best in his future endeavours."
To view this announcement go to: www.ise.ie/app/announcementDetails.aspx?ID=13426522
For further information, please contact:
FTI Consulting LLP
+44 (0)20 3727 1000
About Helios Towers
Helios Towers is a leading independent tower company in Africa, having established one of Africa’s most extensive tower networks with more than 6,500 towers in four markets. HT builds and manages telecom passive infrastructure, leasing it to operators across the continent.
Helios Towers is an independent telecommunications tower infrastructure company, and owns and operates more tower sites than any other operator in each of Tanzania, Democratic Republic of Congo, or DRC, and Congo Brazzaville. We are also a leading operator in Ghana with a strong urban presence.
The company pioneered the sale-leaseback model in Africa, buying towers that were held by single operators and leasing them back to the seller and other operators. Allowing wireless operators to outsource non-core tower-related activities enabling them to focus their capital and managerial resources on providing higher quality services more cost-effectively.
Investors in HT include: Helios Investment Partners, Quantum Strategic Partners, Albright Capital Management LLC, RIT Capital Partners Plc, the International Finance Corporation and Millicom International Cellular.