- After less than four years in the position
- Accolades, praise, thanks and good wishes for Bartlett
- Steve Vondran taking over
(exechange) — Boston, Massachusetts, October 26, 2023 — Tom Bartlett, chief executive of American Tower, leaves his position. As announced by American Tower Corp. in a news release on Thursday, October 26, 2023, Thomas A. (Tom) Bartlett leaves his post as chief executive officer at the owner of communications real estate, after less than four years in the role, effective February 1, 2024.
Tom Bartlett’s duties as CEO will be taken over by Steven O. (Steve) Vondran, most recently Executive Vice President and President, U.S. Tower Division at American Tower Corp.
“Thorough succession planning process”
The management change is explained as follows. American Tower stated: “The Company’s Board of Directors, having undertaken a deliberate and thorough succession planning process over the last several years, has named Steve Vondran to succeed Mr. Bartlett as President and Chief Executive Officer, at which time Mr. Vondran will also be appointed as a director of the Board.”
Precise information regarding Tom Bartlett’s future plans was not immediately available.
American Tower said: “Tom Bartlett will retire from his positions as President, Chief Executive Officer and director of the Board of Directors, effective February 1, 2024.”
Share price decline since March 2020
The announcement follows a decline in American Tower Corp.’s share price of 33% since March 2020. March 2020 is the month in which Bartlett’s tenure as CEO began.
In the position of CEO since 2020
Tom Bartlett became CEO of the Company in 2020.
Bartlett is American Tower Corporation’s President and Chief Executive Officer.
From April 2009 through March 2020, he served as Executive Vice President and Chief Financial Officer and assumed the role of Treasurer from February 2012 until December 2013 and again from July 2017 until August 2018.
Prior to joining American Tower, Bartlett served as Senior Vice President and Corporate Controller with Verizon Communications.
During his 25-year career with Verizon Communications and its predecessor companies and affiliates, he served in numerous operations and business development roles, including President and Chief Executive Officer of Bell Atlantic International Wireless from 1995 through 2000, where he was responsible for wireless activities in certain regions of North America, Latin America, Europe and Asia.
No statement by Tom Bartlett
In the release announcing his departure as CEO of American Tower Corp., Tom Bartlett received accolades, praise, thanks and good wishes.
The announcement of his departure as CEO does not include a statement by Tom Bartlett.
Push-out Score for Tom Bartlett’s move determined
The Push-out Score indicates on a scale of 0 to 10 how likely it is that Tom Bartlett was pushed out or felt pressure to leave his position.
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 44.2023 ($).