John Malone retires from Liberty LatAm board

Dec. 16, 2019
Dr. John C. Malone has retired from Liberty Latin America's (NASDAQ:LILA) board of directors and will transition to a director emeritus role. As a director emeritus, Malone ...

Dr. John C. Malone has retired from Liberty Latin America's (NASDAQ:LILA) board of directors and will transition to a director emeritus role. As a Director Emeritus, Malone may attend board meetings and provide active support and advice to Liberty Latin America, but will not have a vote on matters presented to the board.

"The Board and the management team appreciate John's invaluable contributions to Liberty Latin America, and we look forward to continuing to benefit from his counsel and advice as a director emeritus," said Mike Fries, LLA's executive chairman.

Malone said: "I have decided to retire from the board of Liberty Latin America to reduce my travel schedule and focus on fewer board positions. Liberty Latin America has made great progress over the last two years as an independent company and is well-positioned for future success and growth. I remain significantly invested and interested in the company's performance and look forward to continuing my strong relationships with the board members and management team in an advisory capacity."

In conjunction with Malone's retirement from the board, Daniel Sanchez has been elected to the board. Sanchez currently serves as a director of Discovery and Lionsgate, and was previously a member of the Starz board of directors from 2013-2016. Sanchez is Malone's nephew.

Fries said: "Dan is a great addition to the board. And together with John's engagement as director emeritus, Liberty Latin America will continue to benefit from outstanding guidance, leadership and oversight as the company continues to grow and deliver on its strategic initiatives."        

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