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T-Mobile CEO Legere to step down next year


Added 11-18-19 11:03:02am EST - “T-Mobile US Inc Chief Executive Officer John Legere will step down next year, th...” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “T-Mobile CEO Legere to step down next year”. Below is an excerpt from the article.

(Reuters) - T-Mobile US Inc (TMUS.O) Chief Executive Officer John Legere will step down next year, the company said on Monday, less than three weeks before it goes to trial to determine the fate of its planned $26.5 billion merger with smaller rival Sprint Corp (S.N).

The third-largest U.S. wireless carrier will go to trial on Dec. 9 to fight a state attorneys general lawsuit that alleges the merger would be harmful to consumers.

T-Mobile said Legere will remain CEO until April 30, and will be succeeded by Chief Operating Officer Mike Sievert. Legere will continue to be a member of T-Mobile’s board.

Legere, the outspoken architect of the marketing and business strategy that helped T-Mobile become known as an innovator in the wireless industry, said the succession plan had long been in the works.

“A CEO with a board that doesn’t have a good succession plan, fails,” Legere said on a conference call with analysts. “It’s Mike’s time. He’s ready.”

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