T-Mobile US, Inc. (NASDAQ: TMUS) announced yesterday the company has promoted Peter Osvaldik, T-Mobile’s current senior vice president, Finance and Chief Accounting Officer, to Chief Financial Officer (CFO) effective July 1, 2020. Osvaldik will assume the CFO role as current CFO Braxton Carter plans to retire on July 1, 2020, at the conclusion of his previously announced contract extension.
“Peter brings his proven leadership capabilities and strong financial acumen into this position at a critical time in the Un-carrier’s history, as we manage the significant complexities and huge opportunities inherent in this next chapter, integrating Sprint and delivering on the financial potential of the new T-Mobile,” said T-Mobile CEO Mike Sievert. “As a Team Magenta executive officer and leader for nearly five years and with financial leadership roles at companies prior to T-Mobile, Peter has both a deep knowledge of T-Mobile and significant financial expertise that have made him a key contributor to the outstanding results we’ve seen over the last few years.”
Sievert continued, “We conducted an extensive months-long internal and external succession planning and search process to find the right candidate, resulting in Peter’s appointment. The Board of Directors and I are thrilled to appoint him as our new CFO.”
Osvaldik joined T-Mobile in January 2016, as vice president, External Reporting and Technical Accounting. He was elevated to senior vice president, Finance and Chief Accounting Officer in June 2016. Prior to T-Mobile, Osvaldik held Chief Accounting Officer, Controller and manager roles at Outerwall, Coinstar and PricewaterhouseCoopers. He is a graduate of Western Washington University.
Carter spent more than 19 years at T-Mobile, starting his career at MetroPCS and then playing an integral role as the company merged with T-Mobile in 2013. Upon the merger, he was named Executive Vice President and CFO in May 2013.
“Over the past 19 years – from MetroPCS to T-Mobile – Braxton Carter has helped us build T-Mobile into the most loved brand in wireless,” said Sievert. “Quarter after quarter, Braxton led the charge in translating T-Mobile’s record customer growth into record financial results. His tireless advocacy on behalf of T-Mobile gave us room to grow and set us up for longer term success. I can’t thank Braxton enough for everything he’s done for this company. We will miss him — and his signature magenta cowboy hat — tremendously.”