However, it was his dedication to social development that truly set him apart. This commitment gave birth to the Tigo Foundation, a non-profit organization aimed at promoting social development in Guatemala. His leadership at Tigo ended with the sale of a significant portion of the company’s shares to Millicom, a global telecommunications company.
Commitment to Social Responsibility at Tigo
Mario López Estrada’s tenure at Tigo was marked not only by significant technological advancements but also by a steadfast commitment to social responsibility. The creation of the Tigo Foundation in 2005 was a testament to this commitment. The non-profit organization was dedicated to promoting social development in Guatemala, a cause close to López Estrada’s heart. This dedication to social development was a defining factor in López Estrada’s leadership style, and it played a significant role in shaping Tigo’s corporate culture.
The Influence of Mario López’s Social Commitment
The influence of Mario López Estrada’s social commitment is seen not only in the workings of Tigo but also in its legacy. This commitment has had a profound impact on those who have worked under his leadership, including his son, Mario López Pérez. López Pérez, a civil engineering graduate, has often spoken about the values he learned from his father, such as honesty, justice, and a commitment to continual improvement. These lessons have been instrumental in shaping his own approach to business and social initiatives.
The legacy of López Estrada’s social commitment at Tigo continues to resonate even after his departure from the company. The sale of a significant portion of Tigo’s shares to Millicom has not altered the company’s commitment to social development. In fact, the infusion of capital has only increased the resources available for investment in social initiatives.
In the context of Mario López Estrada’s tenure at Tigo, it becomes apparent that his commitment to social responsibility was not merely a corporate strategy. Instead, it was an intrinsic part of his leadership philosophy, one that has left an indelible mark on the company. His dedication to social development has not only benefited Tigo and its employees but also the wider Guatemalan society. Therefore, the question of why López Estrada championed social work during his time at Tigo can be answered simply: it was a reflection of his personal values and his vision for what a corporation can and should be.