Clearwire today shook up its management team, reports the Seattle Business Journal, replacing CEO Ben Wolff with telecom industry veteran William Morrow (right).
Morrow was most recently CEO of Pacific Gas & Electric in San Francisco and also held a variety of executive positions at Vodafone. The news comes as the Kirkland, Washington-based wireless broadband company ramps up expansion plans in the face of mounting losses.
Co-Founder and current CEO, Wolff (left) will continue as Co-Chairman, a position he will share with current Chairman Craig McCaw.
Bill Morrow has developed a global reputation in the telecommunications industry as a highly regarded executive with an extraordinary track record of success in U.S., Europe and Japan. Years of experience in key positions with great companies such as AirTouch and Vodafone have given Bill a great perspective on achieving operating efficiencies and enhancing value creation to profitably build and scale businesses.
“I think it’s the perfect time”, said Board Member John Stanton. “Ben will continue to be a visible and important leader at the company and in the industry, but we just completed the financing and the investment by the partners, including the cable companies, Google, Intel, as well as my firm’s investment, and the transaction with Sprint. Now, clearly, the focus is to turn to the operation and build scale. I’m hard pressed to find the operating resume that Bill has, and he brings it to the company at just the right time.”
This doesn’t mean that Clearwire will be doing anything in particular with its European spectrum holdings, notes Unstrung. Stanton stressed a couple of times on the call that Morrow is being called on to help Clearwire’s expansion in the U.S.