John Legere is stepping down as T-Mobile CEO next April2019-11-18 18:39 by DanielaTags: T-Mobile
T-Mobile CEO John Legere will be stepping down in the spring after his contract expires on April 30, 2020. He will be replaced by Mike Sievert, who is currently president and COO of the company. With Seivert taking over on May 1. Legere, age 61, will remain on T-Mobile's board of directors. The switch from Legere to Sievert is the culmination of a "multi-year succession planning process led by John Legere and the Board of Directors," T-Mobile said. John Legere has been the public face of the company since 2012 and its biggest cheerleader. He tirelessly promoted T-Mobile's price promotions and gleefully bashed its rivals before his millions of followers on social media. Legere used a brash and combative style to promote T-Mobile, often insulting larger rivals AT&T and Verizon by calling them "Dumb and Dumber." In 2017, he said that T-Mobile's scientific research found that Verizon was the "Dumber" part of that pair. Legere will leave as T-Mobile attempts to complete its pending acquisition of Sprint, a deal that would reduce wireless competition in the US and make T-Mobile roughly the same size as AT&T and Verizon. T-Mobile and Sprint—the third- and fourth-largest U.S. wireless carriers—have been seeking a tie-up since the spring of 2018. Despite approval from federal regulators including the Justice Department and Federal Communications Commission, a coalition of state attorneys general are still pursuing a lawsuit against the deal. It's set to go to trial on Dec. 9 in the Southern District of New York. Read more -here-
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