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Posted 22 December, 2023

SBA COMMUNICATIONS CORP appointed Mr. Cavanagh as new CEO

Nasdaq:SBAC appointed new Chief Executive Officer Mr. Cavanagh in a 8-K filed on 22 December, 2023.


  Mr. Cavanagh's appointment to the Board follows the previously announced CEO succession plan, pursuant to which Mr. Cavanagh will succeed Mr. Jeffrey Stoops as President and Chief Executive Officer, effective January 1, 2024.  

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Overview of SBA COMMUNICATIONS CORP
Real Estate/Construction • Specialty REITs
SBA Communications Corp. is a real estate investment trust, which engages in the provision of wireless communications infrastructures. It operates through the following business segments: Domestic Site Leasing, International Site Leasing, and Site Development. The Domestic Site Leasing segment includes AT&T, Sprint, T-Mobile, and Verizon Wireless. The International Site Leasing segment acquires and develops towers. The Site Development segment is involved in consulting and construction activities. The company was founded by Steven E. Bernstein in 1989 and is headquartered in Boca Raton, FL.
Market Cap
$23.5B
View Company Details
SBA COMMUNICATIONS CORP by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 

(d) 

On December 19, 2023, SBA Communications Corporation (the "Company") appointed Mr. Brendan Cavanagh to the Company's Board of Directors (the "Board"), effective January 1, 2024. Mr. Cavanagh will serve as a Class I director for a term expiring at the 2024 Annual Meeting of Shareholders, at which time he will stand for re-election. Concurrent with Mr. Cavanagh's appointment, the Board will be expanded to ten members. 

Mr. Cavanagh's appointment to the Board follows the previously announced CEO succession plan, pursuant to which Mr. Cavanagh will succeed Mr. Jeffrey Stoops as President and Chief Executive Officer, effective January 1, 2024. In connection with the CEO succession plan, the Board has also appointed Mr. Stoops to the position of non-executive Chairman of the Board, effective January 1, 2024. 

Biographical and other information about Mr. Cavanagh is included in the Company's definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on April 12, 2023. 

There is no arrangement or understanding between Mr. Cavanagh and any other person pursuant to which Mr. Cavanagh has been appointed as a director. There are no family relationships between Mr. Cavanagh and any of the Company's directors and executive officers, and Mr. Cavanagh is not a party to any transaction, or any proposed transaction, required to be disclosed pursuant to Item 404(a) of Regulation S-K.