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US: T-Mobile CEO John Legere will step down

By  |  November 18, 2019

T-Mobile announced Monday (November 18)  that CEO John Legere will be stepping down at the end of next April after his contract expires.

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    According to the Wall Street Journal the surprise move comes as speculation swirls about the possibility that Legere was a leading contender to become the next CEO of WeWork,  although Legere shot down reports that he was looking to take that job.

    T-Mobile faces a litany of challenges before then, including an antitrust lawsuit brought by a coalition of state attorneys general against T-Mobile’s planned $26 billion-plus takeoverof Sprint. A trial is scheduled to start Dec. 9 in New York.

    “The timing was always expected to be now, but we always expected the new T-Mobile to exist about six months ago,” Mr. Legere said Monday in a conference call.

    Mr. Legere’s planned departure caps a seven-year stretch at the Bellevue, Wash., carrier, where he turned a struggling also-ran into the third-largest US carrier, largely by luring customers away from bigger rivals AT&T Inc. and Verizon Communications. The company has grown its customer base while Sprint has faltered.