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Array Digital Infrastructure, Inc. (NYSE:AD) announced Thursday the appointment of Anthony Carlson as president and chief executive officer, effective November 16. The information was disclosed in a statement filed with the Securities and Exchange Commission. The company, currently valued at $4.03 billion with shares trading at $46.96, is considered overvalued according to InvestingPro analysis.
Carlson was also elected to the company’s board of directors, with both roles commencing November 16. He succeeds Douglas W. Chambers, who will continue as interim president and CEO and as a director until that date. Following the transition, Chambers will serve as senior advisor at Array until December 9.
According to the filing, Carlson most recently served as vice president of organizational transformation at TDS Telecommunications LLC since September 2024. Prior to that, he held several roles at Array, including interim area vice president for the Northwest region in 2021 and senior director of growth marketing strategy and execution from 2021 until September 2024. Carlson has also worked at McKinsey & Company and Samsung Electronics. He is a trustee of the TDS Voting Trust.
Carlson is 39 years old and is related to current board members; he is the son of LeRoy T. Carlson, Jr., a director of Array and vice chair and director of Telephone and Data Systems, Inc. (NYSE:TDS), and nephew of Walter C.D. Carlson, chair and director of Array and chair of the board, president, and CEO of TDS.
As outlined in an offer letter dated November 6 and attached to the SEC filing, Carlson will receive an annual base salary of $400,000 and is eligible for an annual bonus. His target bonus opportunity for 2025, to be paid in 2026, is set at 60% of his base salary and will be prorated based on his time in the role during 2025. Carlson will also participate in Array’s long-term incentive plan, with a 2026 target multiple set at 140% of his base salary. The 2026 long-term incentive award is anticipated in March, with terms determined annually.
This report is based on a press release statement filed with the SEC. Array’s stock is currently trading near its 52-week low of $46.07, well below its high of $79.17, with analysts expecting continued sales decline in the current year. The company reported $775 million in EBITDA for the last twelve months.
In other recent news, TDS reported its second quarter earnings for 2025, revealing an earnings per share (EPS) of $0.36, which was above the forecasted $0.30. The company’s revenue also surpassed expectations, reaching $916 million compared to the anticipated $907.63 million. In developments at Array Digital Infrastructure, the company announced that Anthony Carlson will take over as President and CEO starting November 16, 2025, and will also join the Board of Directors. Additionally, shareholders approved the election of three directors during the company’s annual meeting.
RBC Capital initiated coverage on Array Digital Infrastructure with an Outperform rating, setting a price target of $62.00. This follows the company’s transformation into a tower-focused entity after divesting its UScellular wireless operations. In other news, Ahold Delhaize USA plans to construct an $860 million distribution center in Burlington, North Carolina, which will expand its supply chain network for East Coast grocery brands. Construction for this state-of-the-art facility is scheduled to begin in 2026, with operations expected to commence in 2029.
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