American Tower has roped in its CFO Thomas Bartlett for the post of CEO with immediate effect, as long-time Chief Jim Taiclet has decided to move ahead.
Taiclet, CEO since 2003, will continue as Chairman until the company’s 2020 shareholder meeting (typically held in May) and advise Bartlett until 14 June 2020.
In a statement, Lead Independent Director Pamela Reeve said Bartlett is “uniquely qualified to take the reins as CEO and drive the company to even greater success” in domestic and international markets, and capitalise on “emerging areas of opportunity”.
Bartlett, with a 25+ year career at Verizon during which he became SVP and corporate controller, joined American Tower as CFO in 2009.
The leadership shuffle comes at a key juncture for American Tower, as the company works to navigate significant changes in the US and India markets.
On a recent call with investors, Taiclet said the company is focused on long-term prospects in India, where the financial effects of regulatory changes on operators are expected to put a damper on network spending.
In the US, he added the company is eyeing new opportunities from Dish Network’s expected entrance into the mobile market and the introduction of new 5G spectrum, which will require operators to densify their networks.
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