T-Mobile USA Inc. Chief Executive Officer John Legere will be stepping down from his top leadership role at the Bellevue-based telecom company at the end of his contract on April 30 of next year and will be replaced as CEO by current President and Chief Operating Officer Mike Sievert.
The company said the transition is part of a “well-established succession planning process” that will position the company for the future. Sievert has been the heir-apparent at T-Mobile for some time, with Legere expected to step down as CEO in the wake of T-Mobile’s merger with Sprint. The $26 billion deal has cleared federal regulatory hurdles but still faces a challenge from some state regulators seeking to block the deal, with that litigation expected to go to trial next month.
Legere will remain with the company as a member of T-Mobile’s board of directors.
“John Legere has had an enormously successful run as CEO. As the architect of the ‘Un-carrier strategy’ and the company’s complete transformation, John has put T-Mobile US in an incredibly strong position,” says Tim Höttges, Deutsche Telekom CEO and chairman of the board of T-Mobile.
For his part, Legere says he hired Sievert in 2012 and has complete confidence in his leadership abilities.
“He has a deep understanding of where T-Mobile has been and where it needs to go to remain the most innovative company in the industry,” Legere says. “In the months ahead, my focus will be on ensuring a smooth leadership transition and continuing to work closely with the Board and Mike to complete the Sprint transaction.”
Sievert has worked closely with Legere on T-Mobile’s merger planning, regulatory approval initiatives and post-merger strategies with respect to the pending Sprint deal. Sievert also has been a member of the T-Mobile board for some two years.