This story was written by Tricia Duryee.
With pressure mounting on Clearwire (NSDQ: CLWR) to not only roll-out, but successfully operate a WiMax network, the company's board said today it has named telecom veteran Bill Morrow as CEO, replacing long-standing co-founder and CEO Ben Wolff. Morrow, 49, will join the company today, coming from positions at AirTouch and Vodafone (NYSE: VOD). Wolff will continue as co-Chairman, sharing the position with co-founder Craig O. McCaw. Release.
McCaw: "Ben Wolff has routinely made the impossible, possible. He has been instrumental in leading the company from its inception to the point that it is at today, raising more than $6 billion in equity and debt financing, structuring partnerships with key industry leaders, and building and operating the world's largest multi-megabit wireless broadband networkI can't say enough great things about Ben both as a person and a leader. He also has the wisdom and foresight to recognize that in these unprecedented times, a company can't have too much talent. Together, we have recruited Bill Morrow to lead the Clearwire team. As Co-Chairman, now Ben will be able to dedicate more of his time to Clearwire's strategic direction and transactional opportunities." More to come on mocoNews.net...
By Tricia Duryee