10:29 AM EDT, 05/03/2024 (MT Newswires) -- Crown Castle ( CCI ) said Friday it appointed Steven Moskowitz as chief executive.

The company's board also asked that shareholders vote for nominees unanimously recommended by its directors at the annual meeting slated for May 22 as founder Ted Miller's demands to take de facto control of the company "put shareholders' investment in Crown Castle ( CCI ) at risk."

"We believe Ted Miller's top priority is to regain control of Crown Castle ( CCI ) and its [b]oard -- and his continued self-serving antics are more likely to jeopardize the clear progress underway than constructively contribute to it," the company added.

The company shares were up more than 1% in recent trading on Friday.

Price: 97.66, Change: +1.22, Percent Change: +1.26