John Legere will step down as T-Mobile CEO next year
1Reported today on The Verge
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Reported today in The Verge.
John Legere will step down as T-Mobile CEO next year
T-Mobile's trash-talking CEO John Legere, who oversaw a dramatic turnaround of the wireless carrier since he got the job in 2012, will step down next year. Legere will remain a member of T-Mobile's board.
On May 1st, 2020, Mike Sievert, T-Mobile's current president and chief operating officer and Legere's widely expected successor, will take over as CEO. It had previously been rumored that Sievert would take over the position after the closing of T-Mobile's merger with Spring, which has now been approved by federal regulators but is being held up by lawsuits from state attorneys general.
Legere's contract is up on April 30th, and T-Mobile had already made big promises to Sievert. Sievert's own contract allows him to leave if he does not become T-Mobile CEO within six months of the merger closing, which the company currently expects to happen early next year.
The closing of the merger would mark a high point for Legere to leave on. When he joined T-Mobile, the carrier was in a distant fourth place. He quickly instituted a number of major changes - dropping two-year contracts and adding other customer-friendly perks, along with a down-with-the-system attitude - that let T-Mobile overtake Sprint for third place and become a big enough presence to push around Verizon and AT&T. While many consumer advocates are concerned that the merger of T-Mobile and Sprint won't be good for customers, there's no question that it'll be good for T-Mobile, turning the company into a far more formidable third-place wireless competitor.
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