By Caoimhe Toman
Date: Monday 18 Nov 2019
LONDON (ShareCast) - (Sharecast News) - John Legere is set to step down as T-Mobile's CEO in the US next year when current and longtime deputy Mike Sievert will take over the top job.
Legere's future has been in the news recently after reports that he was being considered for the role of new CEO for WeWork after SoftBank took over the company.
CNBC reported at weekend that Legere had denied that he was going to work for WeWork due to a potential conflict of interest, given that Sprint is also controlled by SoftBank and negotiations are ongoing regarding a possible takeover from T-Mobile.
His substitute, who was brought into the company as chief marketing officer in 2012, was one of the architect's of its 'un-carrier' strategy to take the fight to Verizon and AT&T.
Legere praised Sievert.
"I hired Mike in 2012 and I have great confidence in him. I have mentored him as he took on increasingly broad responsibilities, and he is absolutely the right choice as T-Mobile's next CEO," he said.
"Mike is well prepared to lead T-Mobile into the future. He has a deep understanding of where T-Mobile has been and where it needs to go to remain the most innovative company in the industry," added Tim Höttges, chief executive of Deutsche Telekom, which controls T-Mobile USA said.
"John Legere has had an enormously successful run as CEO."
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Currency | US Dollars |
Share Price | $ 229.33 |
Change Today | $ 2.88 |
% Change | 1.27 % |
52 Week High | $273.40 |
52 Week Low | $211.30 |
Volume | 3,446,585 |
Shares Issued | 1,144.58m |
Market Cap | $262,486m |
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Strong Buy | 6 |
Buy | 9 |
Neutral | 9 |
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