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According to a press release from T-Mobile, Legere is leaving his CEO position. He takes his place is Mike Sievert. That was always the plan, but the change is happening sooner than previously expected.
Even though T-Mobile CEO John Legere is leaving the job, that does not mean he is done with the company yet. Instead, he remains as a board member.
Legere will continue to sit on the board until he ends his time in the company. It will make him stay on the board through TMUS ‘annual general meeting in June.
Here’s what T-Mobile CEO John Legere had to say about the early transition.
“I’ve been lucky enough to lead this company for the past seven years, but now it’s time for me to hand over the reins to Mike Sievert. The board and I agree that it makes perfect sense for Mike to take his leadership role on day one of the new company. He’s ready! I had originally planned to continue until the end of my contract on April 30, 2020, but it makes much more sense to transfer this responsibility to Mike today. ”
T-Mobile has plenty of plans now that the merger with Sprint is complete. This includes making large investments in their networks and companies, as well as unlocking value for shareholders. You can learn more about it by following this link.
The TMUS share increased by 1.47% as of Wednesday afternoon.
At the time of writing, William White had no position in any of the above securities.