Executive shakeup rocks Clearwire as Morrow resigns CEO post

Bill Morrow is out as CEO and director of the board at Clearwire (Nasdaq: CLWR) and John Stanton is in as interim CEO and continuing chairman of the board, in a management shakeup. Morrow resigned for "personal reasons" but will continue to serve as an advisor during the "transition period" as Clearwire searches for a new boss.

Also part of the shakeup, CFO Erik Prusch was promoted to a new position of COO while Hope Cochran was named CFO. Mike Siever, chief commercial officer and Kevin Hart, CIO are also "leaving the company to pursue other opportunities," Clearwire stated.

In a news release, the wireless provider in which Comcast (Nasdaq: CMCSA), Time Warner Cable (NYSE: TWC-WI) and Bright House Networks have financial stakes, said that management changes "are not expected to impact" progress on an ongoing wholesale pricing dispute with lead investor Sprint (NYSE: S) and that "Clearwire believes that an agreement with Sprint is imminent."

For more:
- see this news release

Related articles:
Comcast, Sprint execs leave Clearwire's financial future in doubt
Clearwire-dependent DragonWave watches business erode
Cable's 4G play: Will Clearwire stay in the picture?

Suggested Articles

NCTA-The Internet and Television Association is pointing to a new report that shows the cable industry had a $450 billion impact on the U.S. economy in 2018.

CBS is warning viewers that AT&T’s pay TV services including DirecTV, DirecTV Now and U-verse could lose CBS broadcast networks soon if a new agreement isn…

Ultimately, operators will need to begin now to adopt a new data-centric approach, knowing that changes may take years to accomplish.