The CEO of T-Mobile, John Legere will step down at the end of April next year after his contract expires and will be replaced by Mike Sievert who will become the new CEO of T-Mobile. This announcement was made on Monday the 18th of November 2019 by T –Mobile.
This news also comes as a surprise as there is growing speculation that Legere was contesting to become the next CEO of WeWork. Legere however, shot down reports that he was the principal contestant to be the next CEO at Wework.
Mike Sievert, who is the present president and chief operating officer of T-Mobile will be replacing Legere after his departure in April 2020. The company said Legere is going to remain a board member and will contribute with the company’s pending acquisition of rival Sprint. Sprint which is currently controlled by a Japanese investing giant SoftBank, and who also have interest in controlling WeWork.
As a result of WeWork’s worry about its corporate governance and mounting losses, Wework is looking for a new CEO after Adam Neumann was forced out as the company was forced to scrap its initial public offering plans.
Legere however, said during a conference call with analysts on Monday that he was never having a discussions with WeWork, he also added that rumors about him leaving made things “awkward” since he was already in the process of hashing out a T-Mobile succession plan.