SAN FRANCISCO—Bill Morrow has resigned as CEO of wireless broadband services provider Clearwire Corp. and stepped down from the company's board of directors, citing personal reasons, Clearwire said Thursday (March 10).
Clearwire (Kirkland, Wash.) said its chief information officer and chief commercial officer also resigned to pursue other opportunities.
John Stanton, chairman of Clearwire’s board of directors and former CEO of Western Wireless and VoiceStream Wireless, has been named CEO of Clearwire on an interim basis, Clearwire said. Stanton will continue to serve in his role as board chairman, the company said.
Morrow will continue to serve as an advisor to the company during a transition period, Clearwire said. The company said it has appointed a search committee, chaired by board member Dennis Hersch, to lead the hiring process for a new CEO.
Clearwire also announced that Mike Sievert, chief commercial officer, and Kevin Hart, chief information officer, are both leaving the company to pursue other opportunities. Both Sievert and Hart will remain with the company for a transition period, Clearwire said.
Clearwire said that Erik Prusch, the company's chief financial officer (CFO), was promoted to the newly created position of chief operating officer, responsible for the company’s day-to-day operations. Hope Cochran, Clearwire’s senior vice president and treasurer, was promoted to the position of CFO, responsible for all of the company’s financial and investor related functions, Clearwire said.
Sprint Nextel, the majority owner of Clearwire, uses Clearwire's WiMax network for high speed services. But Sprint is reportedly planning a network upgrade and looking at other options for high-speed services. The Reuters news service reported Wednesday that Sprint intends to continue a relationship with Clearwire, but the scope of such a relationship is unclear.