SBA Communications Appoints Marc Montagner as Chief Financial Officer
13 Setembro 2023 - 11:15AM
Business Wire
SBA Communications Corporation (NASDAQ: SBAC) (“SBA” or the
“Company”) today announced that Marc Montagner, a
telecommunications and finance executive with over 30 years of
experience, has been appointed as the next Executive Vice President
& Chief Financial Officer of SBA, effective January 1,
2024.
Mr. Montagner’s appointment follows the Company’s previously
announced CEO succession plan, pursuant to which Brendan Cavanagh,
currently the Company’s Executive Vice President & Chief
Financial Officer, will succeed Jeffrey Stoops as President and
Chief Executive Officer, effective January 1, 2024.
“We are excited to welcome Marc as the newest addition to our
best-in-class leadership team,” said Mr. Cavanagh, the Company’s
next President and Chief Executive Officer. “Marc is a strategic
business leader with exceptional industry knowledge and a proven
track record of driving innovation and creating shareholder value.
His deep financial expertise and wireless experience will help SBA
continue to provide enhanced support for our customers and drive
financial performance for our shareholders.”
“The appointment of Marc as our next Chief Financial Officer
resulted from a very comprehensive search process started in the
first quarter where both internal and external candidates were
considered and our Board of Directors was heavily involved,” added
Mr. Stoops, the Company’s current President and CEO. “We were
extremely pleased with the number and quality of persons that were
interested in the position, and we are confident that our
organization and capabilities have been strengthened as a result of
this process.”
“I am excited to join the very talented team at SBA
Communications,” said Mr. Montagner. “I have strong convictions
about the growth opportunities that lie ahead for SBA both in the
United States and internationally, and I look forward to working
with the team to create value for shareholders and customers.”
Mr. Montagner served as Chief Financial Officer and Chief Risk
Officer of Endurance International, a publicly traded
software-as-a-service company, from 2015 to 2021, and as Chief
Financial Officer of LightSquared, a satellite communications
company, from 2012 to 2015. His prior experience includes managing
director roles in the TMT groups of Bank of America and Morgan
Stanley, as well as various senior roles with wireless service
providers, Sprint Nextel Corporation, Nextel Communications, and
Orange North America (ex France Telecom). He also currently serves
as the lead independent director of Cogent Communications Holdings,
Inc., a publicly traded global internet service provider, and a
director of Intelsat, a privately held satellite operator.
Mr. Montagner will join SBA on October 17, 2023, as Executive
Vice President - Finance prior to assuming the Chief Financial
Officer position on January 1, 2024. As CFO of SBA, Mr. Montagner
will oversee all aspects of global corporate and operational
financial and accounting functions, including financial planning
and budgeting, capital markets, investor relations, tax, audit, and
SEC reporting, and provide integral leadership for financial
analysis and capital allocation decisions.
About SBA Communications Corporation
SBA Communications Corporation is a leading independent owner
and operator of wireless communications infrastructure including
towers, buildings, rooftops, distributed antenna systems (DAS) and
small cells. With a portfolio of more than 39,000 communications
sites in 16 markets throughout the Americas, Africa and in Asia,
SBA is listed on NASDAQ under the symbol SBAC. Our organization is
part of the S&P 500 and is one of the top Real Estate
Investment Trusts (REITs) by market capitalization. For more
information, please visit: www.sbasite.com.
Information Concerning Forward-Looking Statements
This press release includes forward-looking statements regarding
the future operations of SBA and our ability to take advantage of
the future growth opportunities of SBA. These forward-looking
statements may be affected by risks and uncertainties in the
Company’s business and market conditions. This information is
qualified in its entirety by cautionary statements and risk factor
disclosure contained in the Company’s SEC filings, including the
SBA Annual Report on Form 10-K and Quarterly Reports on Form 10-Q,
filed with the SEC. SBA wishes to caution readers that certain
important factors may have affected and could in the future affect
the Company’s actual results and could cause the Company’s actual
results for subsequent periods to differ materially from those
expressed in any forward-looking statement made by or on behalf of
SBA.
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version on businesswire.com: https://www.businesswire.com/news/home/20230913584126/en/
Mark DeRussy, CFA Capital Markets 561-226-9531
Lynne Hopkins Media Relations 561-226-9431
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