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BELLEVUE, WA – T-Mobile US, Inc. (NASDAQ:TMUS), a prominent player in the Wireless Telecommunication Services industry with a market capitalization of $302 billion, has announced significant changes to its board of directors alongside a key executive appointment, according to a recent 8-K filing with the Securities and Exchange Commission.
On Monday, board member Kelvin Westbrook decided not to seek re-election at the upcoming 2025 Annual Meeting of Stockholders. His departure from the board and its Compensation Committee will become effective immediately after the meeting. In a separate move, Srini Gopalan has resigned from the board and its Compensation Committee, effective February 28, 2025. Gopalan will transition to a new role within the company as Chief Operating Officer.
The company clarified that the decisions by Westbrook and Gopalan were not due to any disagreements regarding T-Mobile’s operations, policies, or practices.
Looking forward, T-Mobile plans to nominate Thomas Dannenfeldt for election to the board at the 2025 Annual Meeting. Dannenfeldt, who previously served on T-Mobile’s board from 2013 to 2018 and was the Chief Financial Officer of Deutsche Telekom AG (ETR:DTEGn), brings extensive industry experience to the table. He is currently the Chairman of Ceconomy AG’s board and serves on the board of Nokia (HE:NOKIA) Oyi.
The information in this article is based on a press release statement from T-Mobile US, Inc.
In other recent news, T-Mobile US Inc. reported impressive financial results for the fourth quarter of 2024, surpassing market expectations. The company achieved an earnings per share of $2.57, exceeding the forecasted $2.28, and revenue of $21.87 billion, beating the anticipated $21.37 billion. T-Mobile also announced the launch of a €2.75 billion senior notes offering through its subsidiary, T-Mobile USA, Inc., with proceeds intended for general corporate purposes. Additionally, T-Mobile has introduced the public beta of T-Mobile Starlink, a satellite-based mobile network developed in partnership with Starlink, to eliminate mobile dead zones.
Analysts have noted T-Mobile’s strong performance, with firms like UBS highlighting the company’s strategic focus on growth and innovation. The telecom giant has also returned $31.4 billion to shareholders since 2022, showcasing its robust financial health. In other developments, T-Mobile’s CEO, Mike Sievert, emphasized the company’s strategic focus and growth potential in a recent earnings call. The company continues to lead in broadband growth, maintaining its position for 12 consecutive quarters.
The recent launch of T-Mobile Starlink’s beta service, which is currently free for all users, is set to enhance connectivity in remote areas and broadcast Wireless Emergency Alerts nationwide. This initiative aligns with T-Mobile’s efforts to expand its market share and improve customer experiences. The company’s financial moves, such as the senior notes offering, are managed by a consortium of financial institutions, including Citigroup (NYSE:C) Global Markets Limited and Goldman Sachs & Co (NYSE:GS). LLC.
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