April 10 (Reuters) - Wireless tower operator Crown
Castle ( CCI ) has named Steven Moskowitz as its chief
executive, effective April 11.
Moskowitz, previously CEO of Centennial Towers Holding and
NextG Network, had also held executive roles at American Tower
Corp ( AMT ) for over 12 years.
Moskowitz succeeds Anthony Melone, who served as an interim
CEO and will be a special adviser to him until May 31. Melone
will remain on the board thereafter.
Crown Castle ( CCI ) is under pressure from co-founder Ted Miller,
who has been pushing the company to appoint him as executive
chairman and three of his partners as board directors.
Miller, together with co-investors, has a stake worth more
than $100 million in the company, and has said his team was best
positioned to find buyers for the fiber business.
The Houston-based company had said in December it would
explore sale of its fiber business after reaching a deal with
hedge fund Elliott Investment Management over shaking up its
board.
Shares of Crown Castle ( CCI ), which rents out towers to wireless
carriers such as Verizon and AT&T ( T ), rose 1.1% after
markets closed.