- Push-out Score suggests push-out forces
- After less than three years in the position
- Erik Carlson taking over
- Ergen will remain as executive Chairman at Dish
- Ergen said 52 words
(exechange) — Englewood, Colorado, December 5, 2017 — Charlie Ergen, chief executive of Dish, leaves the position. As announced by Dish Network Corp. in a news release and in a regulatory filing published on Tuesday, December 5, 2017, Charles W. (Charlie) Ergen leaves his post as Chief Executive Officer at the direct-broadcast satellite service provider after less than three years in the position.
The exact date of Ergen’s departure was not given in the announcement. Obviously, it was an abrupt change.
Ergen’s duties will be taken over by W.Erik Carlson, most recently Chief Operating Officer at Dish Network Corp.
Dish has already removed the name of Ergen as Chief Executive Officer from the leadership page and lists Carlson as President and Chief Executive Officer.
Ergen’s move is part of a management shake-up also involving the positions of Group President, Dish TV; Group President, Sling TV; and Chief Human Resources Officer.
“To devote more attention to the company’s emerging wireless business”
The management change is explained as follows. Dish said: “Chairman Charlie Ergen has relinquished his post as Chief Executive Officer to devote more attention to the company’s emerging wireless business.”
Ergen will remain as executive Chairman at Dish
“Charles W. Ergen, who formerly held the position of Chief Executive Officer, will remain as executive Chairman of Dish Network and Chairman of the Board of Directors,” Dish said.
Share price decline
The change follows a decline in the share price of Dish Network Corp. since August 2017.
In the position of CEO since 2015
Charles W. Ergen co-founded Dish Network Corp. formerly known as Echostar Communications Corporation (ECC) in 1980 and has been its Chief Executive Officer since March 31, 2015 and served as its President until December 11, 2015.
Ergen served as the Company’s executive Chairman and Chief Executive Officer and has been Chairman of the Board of Directors since the Company’s formation.
During the past five years, Ergen has held various executive officer and director positions with Dish Network and the Company’s subsidiaries including the position of President, which he held most recently from March 2015 to December 2015.
During 1980, Ergen co-founded Dish Network with his future spouse, Cantey M. Ergen, and James DeFranco.
Ergen also serves as executive Chairman and Chairman of the Board of Directors of EchoStar Corporation (“EchoStar”).
Push-out Score suggests push-out forces
It is not completely certain what forces eventually triggered Charlie Ergen’s move.
The Push-out Score™ determined by exechange suggests that push-out forces may have contributed to the management change.
Read the full story in the exechange report 50.2017 ($).