T-Mobile CEO John Legere will step down from his position on May 1, 2020 and COO Mike Sievert will take his place. His replacement is Mike Sievert, now president and chief operating officer. Sievert was one of Legere's first hires, and has been with the current team since its inception.
Few CEOs exit a telco with an enhanced reputation, but such is the success of T-Mobile US under his leadership, John Legere has nearly completed an impossible to follow act.
The future of the T-Mobile US business is at a pivotal point right now. Legere often offered better deals than competitors, but United States wireless prices still rank among the most expensive in the world.
In addition, current CTO Neville Ray is being promoted to president of technology, and current CFO Braxton Carter is extending his contract to help with the transition until at least July 1, 2020. "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". "As the architect of. the company's complete transformation, John has put T-Mobile U.S.in an incredibly strong position". "He's been there every step of the way, leading the design and execution of 16 Un-carrier moves and helping make this company what it is today", Legere said.
Legere didn't say where he was going next, though the Wall Street Journal reported last week that he was in talks to become the next CEO of WeWork. Seeing as John Legere was supposed to be the CEO of the New T-Mobile.
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"Legere restored the company to growth after years of struggle, but [Sievert] has been groomed for the role and is quite capable, in our view".
T-Mobile CEO John Legere at the 2014 GeekWire Summit with GeekWire co-founders John Cook, left, and Todd Bishop.
The two companies promised the government they would build a 5G network that would cover 97 percent of Americans in the three years after the finalized deal.
Now it looks like Sievert will be taking the reigns of the new combined company.