Crown Castle appoints Moskowitz as CEO

Crown Castle announced that it has posted an investor presentation in connection with its 2024 Annual Meeting of Stockholders scheduled for May 22, 2024. Shareholders of record as of the close of business on March 28, 2024, are entitled to vote at the Annual Meeting. The Crown Castle Board of Directors issued the following statement: “The Crown Castle Board and management team are taking decisive actions to drive sustainable and robust shareholder value creation. We have appointed Steven Moskowitz as our new CEO, who is a proven executive with extensive expertise in the tower industry, and we made substantial progress on a Board-led strategic and operating review of the Company’s fiber and small cell business. As a result of these strategic steps, we are creating a stronger, more valuable Crown Castle. We are confident this is the right Board to oversee Crown Castle and the execution of its strategy. Our director nominees are highly qualified with valuable experience to help Crown Castle maximize shareholder value. In addition, four of our nominees, who bring leadership, financial, and tower industry expertise, have been appointed in the past year, reflecting Crown Castle’s proactive refreshment process. We believe Ted Miller’s top priority is to regain control of Crown Castle and its Board – and his continued self-serving antics are more likely to jeopardize the clear progress underway than constructively contribute to it. Mr. Miller has repeatedly demonstrated that he is not aligned with the interests of all shareholders. In stark contrast, we are confident our current Board is best positioned to deliver on our objectives and enhance value for shareholders.”