Wednesday, March 9, 2011

Clearwire's CEO Steps Down

Bill Morrow resigned as CEO and as a director of the board of Clearwire, citing personal reasons. He is being replaced on an interim basis by John Stanton, chairman of Clearwire's board of directors and former CEO of Western Wireless and VoiceStream Wireless. Stanton will continue to serve in his role as board chairman.

Clearwire also announced the following management changes. Erik Prusch, Clearwire's CFO, has been promoted to the newly created position of chief operating officer (COO). In this position, Prusch will be responsible for the company's day-to-day operations, including wholesale and retail sales, marketing, customer service, supply chain, human resources, IT and network operations. In addition, Hope Cochran, Clearwire's senior vice president and treasurer, has been promoted to the position of CFO. Cochran will be responsible for all of the company's financial and investor related functions, including overseeing Clearwire's ongoing fundraising efforts.

The company also announced that Mike Sievert, chief commercial officer, and Kevin Hart, CIO, are both leaving the company to pursue other opportunities.

In a statement, Clearwire said these changes in executive leadership are not expected to impact the company's progress on an agreement with Sprint to resolve wholesale pricing disputes. Clearwire believes that an agreement with Sprint is imminent.

  • Craig O. McCaw resigned as Clearwire's Chairman of the Board of Directors on December 31, 2010.