T-Mobile amended an employment agreement with Chief Finance Officer Braxton Carter that lays out a plan for him to leave the carrier as it awaits regulatory review of the proposed takeover of Sprint. Carter has been a key figure in the deal to buy Sprint. A spokeswoman declined to comment on whether a successor has been selected.
The company told the Securities and Exchange Commission in a filing, Carter’s last day will be determined by the status of the deal. He could leave on one of three dates, depending on what happens first: the end of 2019, 20 days after the first quarterly filing of the merged company; or 20 days after an announcement the deal is off, reported The Wall Street Journal.
In September, T-Mobile said Sunit Patel would join the carrier to lead its expected integration with Sprint. Patel was formerly CFO of CenturyLink. At the time, analysts at Wells Fargo said in a client report, the language in Carter’s employment agreement led them to believe he would retire after the Sprint deal closed.
The amended employment agreement boosts Carter’s base pay to $950,000. He’s been CFO of T-Mobile since 2013. Comments? Email Us.
April 2, 2019
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