Crown Castle CEO Terminated After Less Than a Year
In a shake-up at Crown Castle, the tower company announced that Steven Moskowitz “has been terminated” as president and CEO with CFO Dan Schlanger replacing him on an interim basis. Moskowitz was named to the post last April. Crown Castle announced last week agreements to sell its fiber unit to Zayo and its small-cell business to EQT for a total of $8.5 billion (see 2503140021).
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Chairman Robert Bartolo said Monday that the board determined “that now is the right time to make this leadership transition to successfully complete the previously announced sale of the Company’s small cells and fiber solutions businesses and transform the company into a pure-play U.S. tower business.” The company said the termination “was not a result of any disagreement regarding Crown Castle’s policies or financial performance and was not made for cause or related to any ethical or compliance concern.”