Crown Castle Inc. (NYSE: CCI) (“Crown Castle” or the “Company”)
today announced that its Board of Directors has appointed Steven J.
Moskowitz as President and Chief Executive Officer, effective April
11, 2024. Mr. Moskowitz will also join the Board on that date.
"We are excited to welcome Steven as Crown Castle’s next leader.
His appointment marks the conclusion of a robust process during
which the CEO Search Committee and the Board unanimously determined
that Steven is the candidate best suited to oversee our strategy
and path forward. He possesses all the key skill sets that the
Board was looking for, including strong operating experience with
domain expertise, strategic capital allocation, proven value
creation, and prior CEO experience leading high-performing teams,"
said P. Robert Bartolo, Chair of the Crown Castle Board of
Directors.
"Steven's breadth and depth of experience in domestic and
international towers and small cell solutions is unique in the
industry, and we know that he will provide valuable insights as we
continue our progress on the strategic and operating review of the
company's enterprise fiber and small cell business, and tower
growth opportunities. We are confident that under Steven’s
leadership, Crown Castle is well positioned to execute on its
strategic initiatives and drive enhanced value for our
shareholders."
With over 25 years of experience in the industry, Mr. Moskowitz
has cultivated a reputation for effective execution and efficient
growth. Mr. Moskowitz held several executive leadership roles over
his 12 years at American Tower Corporation, including seven years
as EVP and President, of the U.S. Tower business. During his
tenure, American Tower’s U.S. operations became the largest and
most profitable U.S. wireless infrastructure company, tripling in
size to more than 20,000 cell sites and expanding the indoor DAS
network division, growing Adjusted EBITDA approximately 5x,
representing more than 85% of the corporation’s profitability.
Most recently, Mr. Moskowitz served as CEO of Centennial Towers
Holding LP, where he created a leading provider of build-to-suit
cell sites in Brazil, Colombia, and Mexico. Prior to Centennial,
Mr. Moskowitz served as the CEO of NextG Networks, a provider of
fiber-based small cell solutions. During his tenure, he
successfully scaled the business, significantly increasing revenue
and cash flow, and doubling the asset base prior to its sale to
Crown Castle in 2012.
“I have long admired Crown Castle’s quality portfolio of
communications infrastructure, and I’m pleased to join as CEO
during such a pivotal time in its history,” said Mr. Moskowitz,
incoming President and CEO of Crown Castle. “I believe the
opportunities are significant for Crown Castle, and I look forward
to working alongside the Board and leadership team to continue to
strengthen the Company’s operations and unlock value for
shareholders.”
In connection with Mr. Moskowitz’s appointment, Anthony J.
Melone, who has served as Crown Castle’s Interim President and CEO
since January 2024, will assume the role of Special Advisor to the
President and CEO of Crown Castle until May 31, 2024, to ensure a
seamless transition, and will remain a Crown Castle board
member.
Commenting on Mr. Melone, Mr. Bartolo added, “We thank Tony
immensely for his service to the Company as Interim CEO during this
period of transition and know that we will continue to benefit from
his valuable contributions as a director.”
The Crown Castle Board of Directors retained a leading global
executive search firm, Russell Reynolds, to assist in the CEO
search process.
ABOUT CROWN CASTLE
Crown Castle owns, operates and leases more than 40,000 cell
towers and approximately 90,000 route miles of fiber supporting
small cells and fiber solutions across every major U.S. market.
This nationwide portfolio of communications infrastructure connects
cities and communities to essential data, technology and wireless
service – bringing information, ideas and innovations to the people
and businesses that need them. For more information on Crown
Castle, please visit www.crowncastle.com.
CAUTIONARY LANGUAGE REGARDING FORWARD-LOOKING
STATEMENTS
This press release contains forward-looking statements for
purposes of the safe harbor provisions of The Private Securities
Litigation Reform Act of 1995. Statements that are not historical
facts are hereby identified as forward-looking statements. In
addition, words such as “estimate,” “anticipate,” “project,”
“plan,” “intend,” “believe,” “expect,” “likely,” “predicted,”
“positioned,” “continue,” “target,” “seek,” “focus” and any
variations of these words and similar expressions are intended to
identify forward-looking statements. Examples of forward-looking
statements include (1) statements and expectations regarding the
process and outcomes of Company’s Fiber Review Committee, including
that it will help enhance and unlock shareholder value, (2) that
the actions set forth in this press release best position the
Company for long term success, including our Board’s regular
evaluation of all paths to enhance shareholder value, (3) that the
Company will benefit from the experience and insights of the newly
appointed directors, (4) that the Company will identify the best
path forward to capitalize on significant opportunities for growth
in our industry, and (5) statements and expectations regarding the
Company’s revenue for fiscal year 2024. Such forward-looking
statements should, therefore, be considered in light of various
risks, uncertainties and assumptions, including prevailing market
conditions, risk factors described in “Item 1A. Risk Factors” of
the Annual Report on Form 10-K for the fiscal year ended December
31, 2023 and other factors. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those expected.
Unless legally required, the Company undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
Our filings with the SEC are available through the SEC website
at www.sec.gov or through our investor relations website at
investor.crowncastle.com. We use our investor relations website to
disclose information about us that may be deemed to be material. We
encourage investors, the media and others interested in us to visit
our investor relations website from time to time to review
up-to-date information or to sign up for e-mail alerts to be
notified when new or updated information is posted on the site.
Important Stockholder Information
On April 4, 2024, the Company filed a revised preliminary proxy
statement and a WHITE proxy card with the U.S.
Securities and Exchange Commission (the “SEC”) in connection with
its solicitation of proxies for its 2024 Annual Meeting. THE
COMPANY’S STOCKHOLDERS ARE STRONGLY ENCOURAGED TO READ THE
DEFINITIVE PROXY STATEMENT, THE ACCOMPANYING WHITE PROXY CARD, AND
ANY AMENDMENTS AND SUPPLEMENTS TO THESE DOCUMENTS WHEN THEY BECOME
AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. Stockholders
may obtain the proxy statement, any amendments or supplements to
the proxy statement, and other documents as and when filed by the
Company with the SEC without charge from the SEC’s website at
www.sec.gov.
Participant Information
The Company, its directors, director nominees,
certain of its officers, and other employees are or will be
“participants” (as defined in Section 14(a) of the U.S. Securities
Exchange Act of 1934, as amended) in the solicitation of proxies
from the Company’s stockholders in connection with the matters to
be considered at the 2024 Annual Meeting. The identity, their
direct or indirect interests (by security holdings or otherwise),
and other information relating to the participants is available in
the Company’s revised preliminary proxy statement on Schedule 14A
filed with the SEC on April 4, 2024, on the section entitled
“Beneficial Ownership of Common Stock” (on page 89) and Appendix C
(on page C-1). All these documents are or will be available
free of charge at the SEC’s website at www.sec.gov.
CONTACTS:
Dan Schlanger, CFOKris Hinson, VP & TreasurerCrown Castle
Inc.713-570-3050
MEDIA:
Andy Brimmer / Adam PollackJoele Frank, Wilkinson Brimmer
Katcher212-355-4449
Crown Castle (NYSE:CCI)
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から 1 2025 まで 2 2025
Crown Castle (NYSE:CCI)
過去 株価チャート
から 2 2024 まで 2 2025