March 17 (Reuters) - Crown Castle ( CCI ) appointed
telecom veteran Sunit Patel as its new chief financial officer
on Monday, following the divestiture of fiber assets last week
aimed at operational streamlining amid pressures from an
activist investor.
Patel held senior positions earlier at companies such as
T-Mobile, where he played a crucial role in integrating
the business with Sprint following their $26 billion merger. His
appointment at Crown Castle ( CCI ) will be effective from April 1.
"He (Patel) is exceptionally well-suited to help lead Crown
Castle ( CCI ) as we complete our recently announced divestiture and set
course as the only pure-play, publicly traded US tower company,"
said Steven Moskowitz, Crown Castle's ( CCI ) chief executive officer.
In January, the company said that its current CFO, Daniel
Schlanger, would be stepping down from his role on March 31.
Last year, the company named Steven Moskowitz as its chief
executive, succeeding interim CEO Anthony Melone.