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Crown Castle CEO to Leave Company in January

Crown Castle announced that CEO Jay Brown will retire effective Jan. 16 after seven years at the helm. Board member Anthony Melone will serve as interim CEO and the board will conduct a search for a permanent CEO, according to…

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an announcement issued after market close Thursday. Brown told the board Wednesday of his plans, the company said. Melone is a former chief technology officer at Verizon and Verizon Wireless. Brown's announcement comes after Elliott Investment Management called for "significant changes" to Crown Castle's executive and board leadership (see 2311280062). Brown “has helped establish Crown Castle as the nation’s leading provider of shared communications infrastructure connecting thousands of cities and communities to essential data,” said board Chair Robert Bartolo: Melone “is a proven leader with an impressive track record as an operator. His career spans more than 35 years in telecommunications and infrastructure, and he is deeply familiar with our business, team and portfolio. The Board is confident that Tony is the right person to serve as interim CEO while we conduct a search for a permanent successor.”