National WiMAX protagonist clwr has been having some trouble stabilizing its top management team lately it seems. Today the company announced the departure of its CEO and two others, an interim appointment, and two promotions - and that's just at the CXO level. The company's CEO Bill Morrow has resigned 'for personal reasons', and the chairman of the board John Stanton will be standing in as interim CEO while they look for a new one. Morrow had taken the helm almost precisely two years ago, taking over from Wolff in March of 2009 - perhaps his contract was up and they wouldn't meet his terms?
Meanwhile, The company's chief information officer, Kevin Hart, and its chief commercial officer, Mike Sievert, will also be leaving the company 'to pursue other opportunities', though they will stay on for a transition period. CFO Erik Prusche has been promoted to the new position of COO, and Treasurer Hope Cochran will step into the CFO role. The nameplate guy must be working some overtime this week.
Clearwire continues to believe an agreement with Sprint over those wholesale pricing disputes is 'imminent', though perhaps after several weeks of waiting that word feels a bit less urgent. The news will surely feed another round of speculation over the company's imminent demise, although in that case of word usage it's been years. But there does seem to be less room for error this year, the numbers now matter more than speed of buildout.
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