|Clearwire names new CEO|
Posted: 10-Mar-2009 [Source: Clearwire]
[Clearwire has named William Morrow as new CEO replacing Benjamin Wolff, who becomes co-chairman.]
New York (Reuters) -- Clearwire Corporation, a leading provider of wireless broadband services, today announced that its board of directors has moved to broaden and enhance the company’s leadership team by naming telecom industry veteran William (Bill) T. Morrow, 49, as CEO. Joining Clearwire today, Morrow brings nearly 30 years of operational management experience in the communications services industry. Co-Founder and current CEO Benjamin G. Wolff will continue with the Company as Co-Chairman, a position he will share with current Chairman Craig O. McCaw.
“Bill Morrow has developed a global reputation in the telecommunications industry as a highly regarded executive with an extraordinary track record of success in U.S., Europe and Japan. Years of experience in key positions with great companies such as AirTouch and Vodafone have given Bill a great perspective on achieving operating efficiencies and enhancing value creation to profitably build and scale businesses,” said Craig O. McCaw, Founder and Chairman. “This experience, coupled with his outstanding leadership capabilities, makes Bill the perfect choice to lead Clearwire. I have every confidence that he has the capability, intelligence and dedication to inspire the exemplary team at Clearwire to fulfill the dream of making the power of the Internet truly mobile.”
McCaw continued, “Ben Wolff has routinely made the impossible, possible. He has been instrumental in leading the company from its inception to the point that it is at today, raising more than $6 billion in equity and debt financing, structuring partnerships with key industry leaders, and building and operating the world’s largest multi-megabit wireless broadband network spanning four countries and serving nearly 500,000 customers. I can’t say enough great things about Ben both as a person and a leader. He also has the wisdom and foresight to recognize that in these unprecedented times, a company can’t have too much talent. Together, we have recruited Bill Morrow to lead the Clearwire team. As Co-Chairman, now Ben will be able to dedicate more of his time to Clearwire’s strategic direction and transactional opportunities.”
“The chance to lead Clearwire at a time when the company sits on the cusp of doing something truly remarkable – to change the way people connect to and use the Internet – was not one to be missed,” said Morrow. “Clearwire’s business model and unique assets have us well positioned to meet the rapidly growing demand for mobile broadband services. I’m excited at the prospect of working with everyone at Clearwire as we execute our plan to build a mobile WiMAX network covering up to 120 million people in more than 80 markets by 2010.”
Morrow brings to Clearwire a global track record of success in corporate leadership positions in Europe, Japan and the U.S. He recently served as President and CEO of Pacific Gas & Electric in San Francisco where he oversaw operations and successfully directed an overhaul aimed at improving the company’s efficiency, supply chain and customer focus. Prior to PG&E, Morrow served in a number of senior executive positions at international mobile communications group Vodafone Ltd. and Vodafone Group PLC, including Chief Executive Officer of Vodafone, Europe, Chief Executive Officer of Vodafone UK Ltd. and President of Vodafone KK in Japan. He also served as President of Japan Telecom Co. and held senior executive positions with wireless telecommunications carrier AirTouch International.
“I am looking forward to working with Bill, the board of directors and the rest of the Clearwire team, as we strive to realize the full potential of the business opportunity in front of us,” said Wolff. “It is hard to imagine a person that could be better suited than Bill to lead the company into its next phase of growth.”
As Co-Chairman, Wolff will focus on Clearwire’s strategic and financing opportunities. In addition, he will continue to serve on the Executive Committee and board of CTIA, and he will also continue in his role as President of Craig O. McCaw’s investment company, Eagle River.
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