- Push-out Score determined
- After almost eight years in the position
- Praise and thanks for Legere
- Mike Sievert taking over
- Legere spoke at length and said 193 words
(exechange) — Bellevue, Washington, November 18, 2019 — John Legere, chief executive of T-Mobile US, leaves. As announced by T-Mobile US Inc. in a news release and in a regulatory filing published on Monday, November 18, 2019, John J. Legere leaves his post as Chief Executive Officer at the telecommunications company after almost eight years in the role, effective April 30, 2020.
Among the 3,000 largest publicly held companies incorporated in the U.S. based on market capitalization, the average tenure of the CEOs who announced their departure over the past 12 months was 7.5 years, according to data compiled by exechange.
John Legere’s duties as CEO will be taken over by G.Michael (Mike) Sievert, currently Chief Operating Officer of T-Mobile US, Inc.
“Well-established succession planning process”
John Legere’s departure from the CEO post is explained as follows. T-Mobile US said: “The CEO transition is part of the Board’s well-established succession planning process to position the next generation of leadership at T-Mobile to take the Company forward.”
Precise information regarding John Legere’s future plans was not immediately available.
“Cease to serve”
T-Mobile US said: “Currently President, Chief Operating Officer and a Board Director, Sievert will assume the CEO role from John Legere after the conclusion of Legere’s contract on April 30, 2020. Sievert’s new title will be President and CEO. Legere will remain a member of the Board.”
T-Mobile US further said: “John Legere, the current CEO, will cease to serve as CEO of T-Mobile effective as of April 30, 2020, upon the conclusion of his current employment agreement with T-Mobile.”
Share price increase since September 2012
The announcement follows an increase in T-Mobile US, Inc.’s share price of 233% since September 2012.
Chaired by Timotheus Höttges
T-Mobile US, Inc. is chaired by Timotheus Höttges.
Timotheus Höttges has served as a director of the Company and Chairman of the Board since April 30, 2013, and is a member and chair of the Executive Committee of the Company’s Board of Directors. Since January 2014, Höttges has served as Chief Executive Officer of Deutsche Telekom, the Company’s majority stockholder and a leading integrated telecommunications company.
In the position of CEO since 2012
John Legere became CEO of the Company in September 2012.
Legere joined T-Mobile USA in September 2012 as President and Chief Executive Officer and became the Company’s President and Chief Executive Officer on April 30, 2013 upon the consummation of the Metro Combination.
Legere has over 38 years’ experience in the U.S. and global telecommunications and technology industries.
Prior to joining T-Mobile USA, Legere served as Chief Executive Officer of Global Crossing Limited, a telecommunications company, from October 2001 to October 2011.
Before joining Global Crossing, he served as Chief Executive Officer of Asia Global Crossing; as president of Dell Computer Corporation’s operations in Europe, the Middle East, and Africa; as President, Asia-Pacific for Dell; as president of AT&T Asia Pacific; as head of AT&T’s outsourcing program and as head of AT&T global strategy and business development.
Legere serves on the CTIA Board of Directors.
Legere holds a bachelor’s degree in Business Administration from the University of Massachusetts, a Master of Science degree as an Alfred P. Sloan Fellow at the Massachusetts Institute of Technology, and a Master of Business Administration degree from Fairleigh Dickinson University.
He also completed Harvard Business School’s Program for Management Development.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding the management change on a scale of 0 to 10.
exechange reached out to T-Mobile US and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 47.2019 ($).