Saturday, September 24, 2022
Published 3 Years Ago on Wednesday, Nov 20 2019 By Inside Telecom Staff
By The Associated Press undefined
T-Mobile said Monday its colorful CEO John Legere is
stepping down next year, even as the wireless company’s long-running effort to
merge with rival Sprint remains unfinished.
Its current president and chief operating officer, Mike
Sievert, will become CEO in May after Legere’s contract ends.
T-Mobile is trying to combine with Sprint in a $26.5 billion
deal. Federal regulators have approved the deal, but attorneys general of 15
states and the District of Columbia aim to block it, saying it will raise
prices for consumers. A trial is to start in December.
Legere will remain with the Bellevue, Washington-company as
a board member. Sievert has worked at T-Mobile since 2012 and has been a board
member for nearly two years.
The company said Monday that the move is part of its
Legere joined T-Mobile as its CEO in 2012 and, unlike most
telecom executives, has an active social-media presence where he regularly
disparages his wireless rivals and promotes T-Mobile as a consumer-friendly
“I’m not going anywhere soon. This is all part of a
multiyear plan,” he wrote on Twitter, where he has 6.5 million followers.
On a call with investors, Legere pushed back against reports
that he had been in discussions to be CEO of the troubled office-space company
“I was never having discussions to run
WeWork,” he said Monday.
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