John Legere has formally reduce ties with T-Mobile US, the corporate he led as CEO for over seven years. After steering T-Mobile via a dramatic turnaround that culminated in its profitable merger with former rival Sprint, Legere stepped down and Mike Sievert was appointed T-Mobile’s new chief government earlier this month. At that point, Legere had mentioned he would stay on T-Mobile’s board of administrators till June 4th.
But that’s not the case anymore. In an 8K submitting with the SEC as we speak, T-Mobile revealed that Legere is leaving the board “effective immediately to pursue other options.”
“Mr. Legere noted that he was not resigning because of any disagreement with management or the board on any matter,” T-Mobile mentioned in its observe, which additionally contained a quote from Legere addressed to the corporate and its staff:
In his discover to the corporate, Mr. Legere acknowledged “It has been a privilege and honor to have led T-Mobile as CEO for the past seven and a half years and served on the Board of Directors. And although I will be leaving the Board just a few weeks earlier than planned, be assured that I remain T-Mobile’s #1 fan!”
Whatever Legere has deliberate subsequent, apparently it couldn’t wait one other month and alter. During his time as T-Mobile CEO, Legere stood out from different executives for his outspoken persona and brazen, typically vulgar trash discuss directed at opponents like Verizon and AT&T. He branded T-Mobile because the “uncarrier” and led the corporate via a change that concerned transferring away from two-year contracts, backed telephone pricing, and different enterprise practices that had turn out to be establishment for the cellular trade. Many of these adjustments have been later adopted by T-Mobile’s rivals.
Legere has provided few clues about the place he’ll go subsequent, although he did refute stories in November that he’d been in discussions to affix WeWork.
Let the hypothesis start.