Telecom & Wireless
Clearwire CFO Not Part of NewCo (CLWR, S)
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After Clearwire Corporation (NASDAQ: CLWR) closes its venture with Sprint Nextel Corporation (NYSE: S), the company CEO Benjamin Wolff has made several recommended appointments. It is also losing its CFO. As the company states in its filing, "John Butler, our CFO, has informed me of his decision to leave Clearwire effective at the close of the transaction to spend more time with his family. I will miss John a great deal. He has been a tremendous partner and he has my deepest gratitude for his many contributions to Clearwire over the past 3 1/2 years. An external search is being initiated for John’s successor."
So, it is not an immediate resignation. But it is a resignation, andmany hate seeing CFO’s or other key personnel leave a firm even if itis part of the transition period. He’s also in his mid-40’s, so he’sfar too young to go feed park pigeons and to walk into the sunset.
Below is a list of the new proposed officer roster:
Barry West, President and Chief Architect
Perry Satterlee, SVP & Chief Operating Officer
Atish Gude, SVP & Chief Marketing Officer
Broady Hodder, SVP & General Counsel
Gerry Salemme, EVP & Strategy, Policy & External Affairs
John Saw, SVP & Chief Technology Officer
Scott Richardson, SVP & Chief Strategy Officer
Scott Hopper, SVP & Corporate Development
Jon C. Ogg
September 19, 2008
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