Crown Castle Announces Comprehensive Review Of Fiber Business, Search For New CEO

RTTNews | 618 ngày trước
Crown Castle Announces Comprehensive Review Of Fiber Business, Search For New CEO

(RTTNews) - Crown Castle Inc. (CCI) announced Wednesday a comprehensive review of the Company's fiber business, search for a new CEO and the addition of two new independent directors to the Company's Board.

The initiatives were announced in connection with a cooperation agreement with Elliott Investment Management L.P., pursuant to which Crown Castle will appoint Jason Genrich, Senior Portfolio Manager at Elliott, and Sunit Patel, former Chief Financial Officer of Level-3 Communications and Executive Vice President of T-Mobile, to the Company's Board of Directors.

In connection with the Company's previously announced CEO transition, the Board has established a CEO Search Committee to conduct the search to identify Crown Castle's next CEO.

In connection with today's appointments, Benjamin Moreland and Maria Pope will be stepping down from the Board. As a result, the Board will be comprised of 12 directors, 11 of whom are independent.

As previously announced, Jay Brown will step down as a Director of the Company, effective January 16, 2024.

read more
German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
RTTNews | 7h 26phút trước
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | 10h 16phút trước
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | 10h 44phút trước
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | 13h 48phút trước
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | 14h 31phút trước