SBA Communications CEO Jeff Stoops to retire at year-end

SBA Communications Corporation announced that Jeff Stoops will retire from his positions as President and Chief Executive Officer on December 31, 2023. SBA’s Board of Directors has appointed Brendan Cavanagh, SBA’s Executive Vice President and Chief Financial Officer, to succeed Mr. Stoops as President and CEO, at which time Mr. Cavanagh shall also be appointed to the Company’s Board of Directors. Mr. Stoops shall remain on the Company’s Board of Directors, and upon his retirement shall assume the position of non-executive Chairman of the Board. Steven Bernstein, SBA’s founder and current Chairman of the Board of Directors, will continue to serve on the Board, and Jack Langer will continue in his role as lead independent director. The Company intends to appoint its next Chief Financial Officer later this year. "It has been a tremendous privilege to work side by side with Jeff from the very early days of the wireless infrastructure industry through a period of significant growth to the current state of SBA as a top-performing, multinational company. I am extremely thankful to Jeff for his guidance and support over the last quarter century," said Brendan Cavanagh, the Company’s next President and CEO. "I am also very excited for the future of SBA. I see many opportunities to support our customers in their continuing efforts to expand the capabilities and depth of their wireless networks in order to meet the constantly growing demand for enhanced wireless services. SBA’s strong foundation and talented leadership team position us well to be a key contributor to our customers’ future success. I am deeply honored to be entrusted with the leadership of such an extraordinary organization, and I look forward to the next chapter for SBA."