Goodbye, John Legere: CEO leaves as T-Mobile completes Sprint merger
Enlarge / T-Mobile CEO John Legere waves during an interview on the floor of the New York Stock Exchange on Monday, April 30, 2018. (credit: Getty Images | Bloomberg)
T-Mobile completed its $31 billion acquisition of Sprint today and announced that CEO John Legere has resigned from the carrier's top job a month sooner than planned.
With today's close, T-Mobile said it has "successfully completed its long-planned Chief Executive Officer transition from John Legere to Mike Sievert ahead of schedule." T-Mobile had previously said Legere would leave at the end of April.
"I had originally planned to stay on through the end of my contract on April 30, 2020, but it makes much more sense to transition this responsibility to Mike today," Legere said. Legere "will continue as a member of the Board of Directors for the remainder of his current term, through the Annual Meeting of Shareholders scheduled in June 2020," the carrier said.
Read 7 remaining paragraphs | Comments