- Push-out Score determined
- After around 16 years in the position
- Praise and thanks for Taiclet
- Tom Bartlett taking over
(exechange) — Boston, Massachusetts, March 16, 2020 — Jim Taiclet, chief executive of American Tower, leaves. As announced by American Tower Corp. in a news release and in a regulatory filing published on Monday, March 16, 2020, James D. (Jim) Taiclet leaves his post as chief executive officer at the operator of wireless and broadcast communications infrastructure after around 16 years in the role, effective immediately.
It is the end of an era.
Jim Taiclet’s duties as CEO will be taken over by Thomas A. (Tom) Bartlett, most recently Chief Financial Officer of American Tower Corp.
Taiclet will be CEO at Lockheed Martin
“Following his departure from American Tower, Mr. Taiclet, who currently serves on the Board of Lockheed Martin, will become its President and Chief Executive Officer, replacing Marillyn Hewson,” American Tower said.
Lockheed Martin is an aerospace, defense, security, and advanced technologies company.
American Tower said: “Jim Taiclet will be transitioning from his roles as President, Chief Executive Officer and executive Chairman of the Board. The Company’s Board of Directors has named Tom Bartlett to succeed Mr. Taiclet as President and Chief Executive Officer, effective immediately.”
American Tower further said: “On March 16, 2020, American Tower Corporation (the “Company”) announced that James D. Taiclet has communicated his intention to transition from his roles as the Company’s President and Chief Executive Officer.”
Share price increase since October 2003
The announcement follows an increase in American Tower Corp.’s share price of 1960% since October 2003.
In the position of CEO since 2003
Jim Taiclet became CEO of the Company in 2003.
Taiclet joined American Tower in 2001 as President and Chief Operating Officer and became its Chief Executive Officer and Chairman in 2003, succeeding Company founder Steven Dodge.
Taiclet will continue as executive Chairman until the Company’s 2020 annual meeting, after which point, Pamela Reeve, the Company’s current lead independent director, will become non-executive Chair of the Board, subject to her re-election as a director at the annual meeting.
Taiclet was appointed President and Chief Operating Officer in September 2001; named Chief Executive Officer in October 2003; and selected as Chairman of the Board in February 2004.
Before joining American Tower he was President of Honeywell Aerospace Services, a unit of Honeywell International; Vice President of Engine Services at Pratt & Whitney, a unit of United Technologies Corporation; and a consultant at McKinsey & Company, specializing in telecommunications and aerospace strategy and operations.
He began his career as a U.S. Air Force officer and pilot.
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 American Tower and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 12.2020 ($).