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DENVER - Liberty Latin America Ltd. (NASDAQ:LILA and LILAK), a $1.28 billion market cap telecommunications company with impressive gross profit margins of 78% and annual EBITDA of $1.52 billion, announced Tuesday that Eduardo Díaz-Corona, SVP and General Manager of the company’s operations in Puerto Rico and the U.S. Virgin Islands, will retire at the end of July.
Díaz-Corona, who joined Liberty Latin America in January 2024, will be temporarily replaced by Guillermo Ponce, who will serve as interim General Manager for the Puerto Rico and U.S. Virgin Islands operations.
According to a company press release, Díaz-Corona helped stabilize the business following the integration of acquired AT&T mobile operations during his six-month tenure.
"After getting us to this stage, Eduardo decided that it is time for him to step away and enjoy more time with his family," said Balan Nair, President and CEO of Liberty Latin America.
Nair described Ponce as "a proven leader" with "tremendous commercial and operating experience having led multiple large businesses across Liberty Latin America’s footprint."
Díaz-Corona stated that it had been "an honor to serve in this role" and expressed confidence in "the bright future ahead for the business."
Liberty Latin America operates communications services in over 20 countries across Latin America and the Caribbean under several consumer brands including BTC, Flow, Liberty, and Más Móvil. The company offers digital video, broadband internet, telephony and mobile services to residential and business customers throughout the region. For detailed analysis and additional insights, check out the comprehensive Pro Research Report available on InvestingPro, with the next earnings announcement scheduled for July 30.
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