Crown Castle (NYSE: CCI) announced that, effective immediately, the Company’s Board of Directors has appointed Dan Schlanger, Executive Vice President and Chief Financial Officer, as interim Chief Executive Officer replacing current President and CEO Steven Moskowitz who has been terminated. The Board says that it has initiated a search for a successor President and CEO and is in the process of retaining a leading executive search firm to assist in the process.
“The Board determined that now is the right time to make this leadership transition to successfully complete the previously announced sale of the Company’s small cells and fiber solutions businesses and transform the company into a pure-play U.S. tower business,” comments P. Robert Bartolo, Chair of the Crown Castle board of directors.
Schlanger will continue to serve as CFO until April 1, 2025, at which time Sunit Patel will assume the role of EVP and CFO, Inside Towers reported. Schlanger will serve as interim CEO until a successor CEO is identified and appointed, at which time the Board intends to appoint him as Chief Transformation Officer, in which he will be responsible for overseeing the completion of the Company’s sale of its small cells and fiber solutions businesses, which is expected to close in the first half of 2026.
This announcement is the second CEO change for the company in less than a year. Moskowitz replaced Crown Castle’s former CEO Jay Brown on April 11, 2024, Inside Towers reported. The Board confirmed that Moskowitz’s termination was not a result of any disagreement regarding Crown Castle’s policies or financial performance and was not made for cause or related to any ethical or compliance concern.
Crown Castle reaffirmed its recently announced financial guidance, capital allocation policies and details regarding the sale of the fiber segment to EQT and Zayo.
By John Celentano, Inside Towers Business Editor
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