London, 13 August 2020: Helios Towers plc ("Helios Towers" or the "Company"; LSE: HTWS), the independent telecoms tower infrastructure company, is pleased to announce the appointment of Carole Wamuyu Wainaina to the Board of the Company as a Non-Executive Director ("NED"), with immediate effect.
Carole is currently Chief Operating Officer at the Africa50 Infrastructure Fund, an infrastructure investment platform that contributes to Africa's growth by developing and investing in projects, catalysing public sector capital, and mobilising private sector funding. She will shortly be transitioning to a new role as Senior Advisor to the CEO.
Prior to joining Africa50, Carole worked as an Assistant Secretary General in the department of management at the United Nations from 2014-2017 and spent almost three years as the Executive Vice President and Chief HR Officer for Koninklijke Philips N.V. Her other experience includes thirteen years at The Coca-Cola Company where she held several senior HR roles including European HR Director, Group HR Director for Eurasia & Africa and over a year as Chief of Staff to the Global Chairman and CEO.
Carole currently serves as a NED for the Equatorial Coca-Cola Bottling Company, one of Coca-Cola System's leading bottling companies in Africa with presence in 13 countries in the north and west of the continent. She also sits as a NED for Orca Exploration Group Inc. (TSX-V: ORC.A, ORC.B), which engages in the development of natural gas resources in Africa.
Commenting on her appointment, Sir Sam Jonah, Chairman of Helios Towers said today:
"We are hugely excited to welcome Carole to Helios Towers. Her extensive knowledge of the African market, wealth of industry expertise and pedigree working for some of the largest corporations in the world will be of huge value to our business. During her time at Africa50, she has been part of a team that set up the company, invested in several infrastructure deals and led fundraising initiatives and other cooperative agreements across Africa. Her experience is highly complementary to our business as we pursue our ambitious growth plans. We very much look forward to welcoming her to the Board."
No further disclosures are required under rule 9.6.13 R of the Listing Rules of the UK Listing Authority.
Manjit Dhillon, Interim CFO, Head of IR & Corporate Finance
+44 (0)776 723 7010
Edward Bridges / Stephanie Ellis
FTI Consulting LLP
+44 (0)20 3727 1000
About Helios Towers ("HT")
Helios Towers is a leading independent telecommunications infrastructure company in Africa, having established one of the continent's most extensive tower portfolios with close to 7,100 towers across five countries. It builds, owns and operates telecom passive infrastructure, providing services to mobile network operators.
Helios Towers owns and operates more sites than any other operator in each of Tanzania, Democratic Republic of Congo ("DRC"), and Congo Brazzaville. It is also a leading operator in Ghana with a strong urban presence and established a presence in South Africa in 2019.
Helios Towers pioneered the model in Africa of buying towers that were held by single operators and providing services utilising the tower infrastructure to the seller and other operators. This allows 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.