Kirkland, Wash. — Clearwire Corporation, provider of 4G wireless broadband services and the largest wholesaler of such in the U.S., announced today the promotion of Erick Prusch, the company’s wireless chief operating officer, as the new CEO.
The announcement comes months after the Washington-based company abruptly lost their former CEO Bill Morrow when he resigned as part of a management shakeup.
Replacing interim CEO John Stanton, Prusch will help the company as they transition its network to a new business model along with new network technology, which will require it to raise $600 million.
“Erik has demonstrated the ability and talent necessary to lead our organization through one of the most competitive periods in the mobile broadband industry’s short history,” said Stanton. “I strongly believe that under his guidance our business will deliver value to shareholders as we continue to grow our business and leverage our unmatched and unencumbered spectrum advantage.”
With Prusch background as a financial expert, he will also work to raise $900 million the company announced last week it needed for additional funding.
http://tinyurl.com/42cn5he (Clearwire Press Release)
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