Posted 08 January, 2024

CROWN CASTLE INC. appointed Mr. Genrich as new CEO

NYSE:CCI appointed new Chief Executive Officer Mr. Genrich in a 8-K filed on 08 January, 2024.

  Mr. Genrich has been appointed to the recently formed Fiber Review Committee and the Chief Executive Officer Search Committee, effective immediately.  

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Real Estate/Construction • Specialty REITs
Crown Castle, Inc. engages in the business of owning, operating, and leasing shared communications infrastructure. It operates through the following segments: Towers, Fiber, and Other. The Towers segment focuses on providing coverage and capacity for wireless carrier network deployments. The Fiber segment includes communications infrastructure offerings of small cells and fiber solutions. The Other segment is involved in corporate assets such as cash and cash equivalents. The company was founded by Ted B. Miller Jr. and Edward C. Hutcheson Jr. in 1994 and is headquartered in Houston, TX.
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Relevant filing section

(d) On January 8, 2024, the Board of Directors ("Board") of Crown Castle Inc. ("Company") appointed Jason Genrich and Sunit Patel to the Board, effective immediately, to serve until the Company's 2024 annual meeting of stockholders. Mr. Genrich has been appointed to the recently formed Fiber Review Committee and the Chief Executive Officer Search Committee, effective immediately. Mr. Patel has been appointed to the Fiber Review Committee, effective immediately, and is expected to be appointed to the Audit Committee.

There is no arrangement or understanding between either appointee and any other person pursuant to which such appointee was selected as a director, other than with respect to the letter agreement entered into among the Company, Elliott Investment Management L.P. ("EIM"), Elliott Associates, L.P. and Elliott International, L.P. on December 19, 2023, the terms and provisions of which are described in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission ("SEC") on December 20, 2023, which description is incorporated herein by reference. There are no related party transactions involving either Mr. Genrich or Mr. Patel that are reportable under Item 404(a) of Regulation S-K. Both Mr. Genrich and Mr. Patel will participate in the Company's non-employee director compensation arrangement (as described in the Company's proxy statement on Schedule 14A filed with the SEC on April 3, 2023), as may be amended from time to time.

Mr. Genrich is a Senior Portfolio Manager at EIM and brings to the Board financial, operational and fiber expertise. Mr. Genrich currently serves on the boards of directors of Cloud Software Group (formerly Citrix Systems, Inc. and TIBCO Software Inc., each formerly a public company), GoTo Group, Inc. (formerly LogMeIn, Inc.) and Travelport Worldwide Ltd, each a private company, and served on the board of directors of Switch, Inc. from 2021 until it was taken private in 2022. 

Mr. Patel currently serves as Chief Financial Officer ("CFO") of Ibotta Inc. and has more than 25 years of executive leadership experience, including having served as the former Executive Vice President ("EVP") and CFO at CenturyLink, Inc. (now, Lumen Technologies, Inc.), a public communications company, and as the former EVP, Merger and Integration at T-Mobile USA Inc. Mr. Patel also currently serves on the board of directors of Cirion Technologies, a private company and digital infrastructure and technology provider.