Eric Zinterhofer to Exit Liberty Latin America Board After Eight Years

DENVER, CO – December 19, 2025 – Liberty Latin America today announced a significant transition in its leadership structure, with veteran director Eric Zinterhofer set to step down from its Board of Directors effective December 31, 2025. Zinterhofer’s departure concludes an eight-year tenure marked by strategic guidance and deep industry expertise. Following his exit, the board will be composed of nine members.

The announcement was accompanied by high praise from the company’s top leadership, underscoring the amicable nature of the transition and the value of Zinterhofer’s contributions.

“On behalf of the Board, I want to thank Eric for his many years of dedicated service and outstanding contributions,” said Mike Fries, Executive Chairman of Liberty Latin America. “Throughout his tenure, he brought deep professional expertise, sound judgment, and a thoughtful perspective that consistently strengthened our decision-making. He is a trusted advisor to the management team and a valued colleague to all Board members.”

Balan Nair, President and CEO of Liberty Latin America, echoed these sentiments, adding, “Eric has made a significant difference to our business and he will be missed. However, he remains a strong friend of Liberty Latin America, and we will continue to tap his expertise as we grow our company.”

A Legacy of Telecom and Investment Acumen

Eric Zinterhofer is not just another director; he is a prominent figure in the private equity and telecommunications landscape. As a founding partner of Searchlight Capital Partners, a global investment firm he co-established in 2010, his career has been defined by strategic investments in the media and telecom sectors. Before Searchlight, he honed his skills for 12 years as a senior partner at Apollo Management, L.P., following roles at Morgan Stanley and JPMorgan Investment Management.

His extensive board experience paints a picture of a sought-after advisor. Zinterhofer has played a pivotal role at Charter Communications, serving as its Non-Executive Chairman from 2009 to 2016 and resuming the role in late 2023. His board affiliations are a who's who of industry players, including current seats at TelevisaUnivision, Inc., and Ziply Fiber LLC, and a recent appointment to the board of The Estée Lauder Companies Inc. in January 2025. His past directorships at companies like Hemisphere Media Group and General Communication Inc. further highlight his deep-seated influence in the communications sector.

During his time at Liberty Latin America, Zinterhofer served as a member of the Compensation Committee, a key role in shaping executive incentives and aligning leadership with shareholder interests. While specific strategic initiatives are often forged behind closed boardroom doors, his background strongly suggests his influence was crucial in navigating financial strategy, potential M&A activities, and long-term capital allocation for the communications giant as it expanded its footprint.

Governance in Flux: A New Chapter for the Board

Zinterhofer’s departure marks a notable moment for Liberty Latin America’s corporate governance. The reduction of the board from ten to nine members is a planned adjustment, keeping the body within the company’s stated optimal size of six to twelve directors. More importantly, it represents a shift in the composition of a board that boasts an average tenure of approximately eight years, indicating a wealth of institutional knowledge.

As of April 2025, Zinterhofer was one of eight independent directors. His exit will slightly reduce this number, but the board will maintain a clear majority of independent members, adhering to its own governance guidelines and NASDAQ requirements. The remaining independent directors include prominent figures such as Charles H.R. Bracken, Miranda Curtis, and former U.S. Ambassador Roberta S. Jacobson, ensuring robust and objective oversight continues.

This transition occurs as corporate boards globally face mounting pressure to formalize and enhance their succession planning. Recent studies show that over a third of U.S. public company directors identified improving board and executive succession plans as a top priority for 2025, even ahead of concerns like AI and cybersecurity. The amicable, planned nature of Zinterhofer's departure aligns with this trend toward proactively managing board composition to balance long-term experience with fresh perspectives. Liberty Latin America has not announced a search for a replacement, indicating confidence in its current nine-member structure to guide the company forward.

Charting the Course Through a Competitive Landscape

Zinterhofer’s eight-year tenure coincided with a dynamic period for Liberty Latin America. Since its split from Liberty Global in 2017, the company has solidified its position as a leading communications operator in over 20 countries across Latin America and the Caribbean. Operating under well-known consumer brands like Flow, BTC, Liberty, and Más Móvil, the company provides a comprehensive suite of services, including broadband, video, telephony, and mobile.

Its strategic assets are considerable, most notably a subsea and terrestrial fiber optic network that serves as the connective tissue for more than 30 markets in the region. This infrastructure is critical for both its residential services and its enterprise-grade solutions for businesses ranging from small enterprises to government agencies.

Financially, the company, with a market capitalization of $1.64 billion, has demonstrated operational strength. Despite not being profitable over the last twelve months, it maintains impressive gross profit margins of 77.79%. Recent performance signals a positive trajectory, with rebased EBITDA growing 7% in the third quarter of 2025—a metric that analysts at Benchmark viewed as a sign of sustainable momentum. This performance lends credence to Zinterhofer’s own assessment of the company’s health.

Commenting on his transition, Zinterhofer expressed his confidence in the path ahead. “The company has a clear strategy, solid momentum, and an exciting roadmap for the future,” he stated. “I am confident the business is well positioned for success, and while my time on the Board concludes, I will be watching the company’s progress with great interest and pride.”

As Liberty Latin America moves forward, the responsibility for identifying any future board candidates will fall to its Nominating and Corporate Governance Committee. The committee is tasked with finding individuals who not only bring valuable professional experience but also contribute to the board's diversity in terms of background, ethnicity, and gender. For now, the company proceeds with a leaner, experienced board, poised to execute on the strategy that its departing director has helped shape over nearly a decade.