T-Mobile Stock Slips As CEO Legere Leaves, COO Sievert To Take Over
Summary
T-Mobile US (TMUS) Chief Executive John Legere will step down on April 30 when his contract ends, and President and Chief Operating Officer Mike Sievert will replace him, the company said Monday. Reports that Legere had been approached by SoftBanks WeWork to become its CEO sent down T-Mobile stock earlier this month. However, CNBC reported on Friday that Legere would not be taking the WeWork CEO job. T-Mobile has led the wireless industry in subscriber and revenue growth since late 2014 with Legere at the helm. Follow Reinhardt Krause on Twitter @reinhardtk_tech for updates on 5G wireless, artificial intelligence, cybersecurity and cloud computing.
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