Mobile CEO John Legere announces he’ll be stepping down

Adjust Comment Print

Legere's biggest legacies at T-Mobile stand to be growing the company into a robust and scrappy third competitor in the US wireless market as well as the company's $26 billion merger with Sprint.

T-Mobile has also been in talks with Sprint to extend their merger agreement, which had expired November 1. Before becoming president and COO, Sievert was T-Mobile's chief marketing officer, so he helped spearhead the company's Un-carrier campaign. "T-Mobile will continue to be a disruptive force in wireless and beyond".

Sievert, who has been at T-Mobile since 2012, is "absolutely the right choice as T-Mobile's next CEO", Legere said in a press release.

On Friday, November 15, however, CNBC reported Legere would not be taking the WeWork CEO job , citing sources familiar with the matter.

Over a six-year period, Legere's magenta army have introduced numerous "Uncarrier" offers which have proven to be highly disruptive to the United States telco industry.

Saudi Arabia Doubles How Much Banks Can Lend for Aramco IPO
It is short of the $2tn valuation that Crown Prince Mohammed bin Salman was reportedly keen to achieve. Until now Aramco has been exclusively controlled by the Saudi Arabian government.

Sievert said his aim as CEO will be "to position T-Mobile not only as the leading mobile carrier, but as one of the most admired companies in America".

The Wall Street Journal said last week that the executive was in talks to become the CEO of troubled office-sharing company WeWork, citing people familiar with the discussions. In 2013, Legere took control of the company's fortunes with the launch of the "Uncarrier strategy".

T-Mobile's importance for German parent Deutsche Telekom has grown steadily in the past few years.

With 6.5 million Twitter followers and an audience of millions for his #SlowCookerSunday shows, Legere isn't your typical corporate cat. Most of Sprint's executive team consists of recently hired "caretakers" who haven't been with the company long and were essentially hired to shepherd the company through the sale. "Mike is well prepared to lead T-Mobile into the future". Churn is unavoidable in this scenario, therefore it will be a case of damage limitation. He's seen how successful that has been for T-Mobile as well as the industry. Though we would now like to point you to a collection of videos from the combative, colourful and cunning John Legere.

Comments