T-Mobile CEO John Legere will step down after his current employment contract expires this spring, handing the top job to operating chief Mike Sievert
By Drew FitzGerald Nov. 18, 2019 9:12 am ET T-Mobile US Inc. said CEO John Legere will step down this spring, handing the top job to operating chief Mike Sievert.
Mr. Sievert, who will become chief executive on May 1, will take over after Mr. Legere’s current employment contract expires. The company said Mr. Legere will remain a director. T-Mobile faces a litany of challenges, including an antitrust lawsuit brought by a coalition of state attorneys general against T-Mobile’s planned $26 billion-plus takeover of Sprint Corp.
Mr. Legere’s planned departure caps a seven-year stretch at the Bellevue, Wash., carrier, where he turned a struggling fourth-place cellphone business into the third-largest U.S. carrier, largely by luring customers away from larger rivals AT&T Inc. and Verizon Communications Inc. The company has grown its customer base while Sprint has faltered.
The handover was carefully planned. T-Mobile positioned Mr. Sievert to take on more responsibilities in recent years. He was named chief operating officer and joined its board in early 2018.Copyright ©2019 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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