Crown Castle Names Sunit Patel as Chief Financial Officer
Crown Castle (NYSE: CCI) has announced the appointment of Sunit Patel as Executive Vice President and Chief Financial Officer, effective April 1, 2025. Patel, who will step down from Crown Castle's Board of Directors on March 17, 2025, brings over 30 years of senior finance experience across telecommunications, energy, and technology sectors.
CEO Steven Moskowitz highlighted Patel's extensive telecommunications industry insight and his strategic importance in leading Crown Castle through its announced divestiture, positioning the company as the only pure-play, publicly traded US tower company.
Crown Castle (NYSE: CCI) ha annunciato la nomina di Sunit Patel come Vice Presidente Esecutivo e Chief Financial Officer, con effetto dal 1 aprile 2025. Patel, che si dimetterà dal Consiglio di Amministrazione di Crown Castle il 17 marzo 2025, porta con sé oltre 30 anni di esperienza senior nel settore finanziario nei settori delle telecomunicazioni, energia e tecnologia.
Il CEO Steven Moskowitz ha sottolineato la vasta conoscenza di Patel nel settore delle telecomunicazioni e la sua importanza strategica nel guidare Crown Castle attraverso la sua annunciata dismissione, posizionando l'azienda come l'unica società di torri statunitense puramente quotata in borsa.
Crown Castle (NYSE: CCI) ha anunciado el nombramiento de Sunit Patel como Vicepresidente Ejecutivo y Director Financiero, efectivo a partir del 1 de abril de 2025. Patel, quien renunciará a la Junta Directiva de Crown Castle el 17 de marzo de 2025, aporta más de 30 años de experiencia en finanzas senior en los sectores de telecomunicaciones, energía y tecnología.
El CEO Steven Moskowitz destacó la amplia visión de Patel en la industria de telecomunicaciones y su importancia estratégica para guiar a Crown Castle a través de su anunciada desinversión, posicionando a la empresa como la única compañía de torres de EE. UU. que cotiza en bolsa.
Crown Castle (NYSE: CCI)는 Sunit Patel을 2025년 4월 1일자로 부사장 겸 최고재무책임자( CFO)로 임명했다고 발표했습니다. Patel은 2025년 3월 17일에 Crown Castle의 이사회에서 물러날 예정이며, 통신, 에너지 및 기술 분야에서 30년 이상의 고위 재무 경험을 가지고 있습니다.
CEO Steven Moskowitz는 Patel의 폭넓은 통신 산업 통찰력과 Crown Castle이 발표한 자산 매각을 이끄는 데 있어 그의 전략적 중요성을 강조했습니다. 이를 통해 회사는 미국에서 유일한 순수 상장 타워 회사로 자리매김하게 됩니다.
Crown Castle (NYSE: CCI) a annoncé la nomination de Sunit Patel en tant que Vice-Président Exécutif et Directeur Financier, à compter du 1er avril 2025. Patel, qui démissionnera du Conseil d'Administration de Crown Castle le 17 mars 2025, possède plus de 30 ans d'expérience dans le domaine financier senior dans les secteurs des télécommunications, de l'énergie et de la technologie.
Le PDG Steven Moskowitz a souligné la vaste connaissance de Patel dans l'industrie des télécommunications et son importance stratégique pour guider Crown Castle à travers sa cession annoncée, positionnant l'entreprise comme la seule société de tours purement cotée en bourse aux États-Unis.
Crown Castle (NYSE: CCI) hat die Ernennung von Sunit Patel zum Executive Vice President und Chief Financial Officer bekannt gegeben, die am 1. April 2025 wirksam wird. Patel, der am 17. März 2025 aus dem Vorstand von Crown Castle ausscheiden wird, bringt über 30 Jahre Erfahrung im Senior-Finanzbereich in den Bereichen Telekommunikation, Energie und Technologie mit.
CEO Steven Moskowitz hob Patels umfassende Einblicke in die Telekommunikationsbranche und seine strategische Bedeutung für die Führung von Crown Castle durch die angekündigte Veräußerung hervor, wodurch das Unternehmen als einziges rein börsennotiertes US-Turmunternehmen positioniert wird.
- Strategic appointment of experienced CFO with 30+ years of relevant industry expertise
- Progress toward becoming a pure-play US tower company through planned divestiture
- Loss of board member as Patel transitions to executive role
HOUSTON, March 17, 2025 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") announced today the appointment of Sunit Patel to the position of Executive Vice President and Chief Financial Officer (CFO), effective April 1, 2025. Mr. Patel will be leaving his position on Crown Castle’s Board of Directors, effective March 17, 2025.
"We look forward to welcoming Sunit Patel to the Crown Castle team,” said Steven Moskowitz, Crown Castle's Chief Executive Officer. "Sunit brings unique, extensive telecommunications industry insight and more than 30 years of experience in senior finance roles across telecommunications, energy, and technology. He is exceptionally well-suited to help lead Crown Castle as we complete our recently announced divestiture and set course as the only pure-play, publicly traded US tower company.”
About Sunit Patel
Mr. Patel served on the Crown Castle Board of Directors from January 2024 to March 2025. He previously served as Chief Financial Officer of Ibotta Inc., a North American cashback rewards and mobile technology platform. Mr. Patel has more than 25 years of executive leadership, including 15 years as a public telecommunications company CFO. In 2000, Mr. Patel co-founded Looking Glass Networks Inc., a facilities-based provider of metropolitan telecommunication transport services and served as its CFO until 2003. From 2003 to 2018, Mr. Patel served as EVP and CFO of CenturyLink, now Lumen, a role he held for over 14 years at Level 3 prior to its 2017 merger with CenturyLink. From 2018 to 2020, Mr. Patel served as EVP, Merger and Integration at T-Mobile, where he led T-Mobile's strategic planning efforts to integrate its business with Sprint following the companies'
Mr. Patel holds a B.S. degree in Chemical Engineering and Economics from Rice University and is a Chartered Financial Analyst.
CAUTIONARY LANGUAGE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements that are based on Crown Castle management's current expectations. Such statements include plans, projections and estimates regarding (1) the appointment of Mr. Patel, including the effective date thereof, and his expected contributions to Crown Castle, and (2) the recently announced divestiture of Crown Castle’s Fiber business, including the completion and timing thereof. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expected. More information about potential risk factors that could affect Crown Castle and its results is included in Crown Castle's filings with the Securities and Exchange Commission. The term "including," and any variation thereof, means "including, without limitation."
ABOUT CROWN CASTLE
Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service - bringing information, ideas and innovations to the people and businesses that need them. For more information on Crown Castle, please visit www.crowncastle.com.
CONTACTS
Dan Schlanger, CFO
Kris Hinson, VP & Treasurer
Crown Castle Inc.
713-570-3050
FAQ
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