SBA Communications Announces Election of Jay L. Johnson to Board of Directors
March 29 2022 - 08:47AM
Business Wire
SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) today
announced the election of Jay L. Johnson to the SBA Board of
Directors as a new independent director, effective March 28,
2022.
Mr. Johnson is the Executive
Vice President and Chief Financial Officer of Lamar Advertising
(NASDAQ: LAMR), one of the largest North American outdoor
advertising companies. He is an experienced financial executive
with in-depth expertise in the Real Estate Investment Trust (REIT)
space as well as broader hospitality and media expertise.
“We are very pleased to
welcome Jay to our Board of Directors,” said Steven E. Bernstein,
Chairman of the Board of SBA. “He brings proven leadership in the
REIT arena, as well as a wealth of experience in the areas of
investment banking, capital markets and investor relations. With
leadership experience in managing one of the largest networks of
digital billboards in the United States, a business model with many
similarities to our shared infrastructure model, Jay will bring
relevant and valuable expertise to our Board in a time of exciting
wireless innovation.”
Before joining Lamar
Advertising, Mr. Johnson held positions as Executive Vice President
and Chief Financial Officer, DiamondRock Hospitality Company and
Senior Vice President and Treasurer, Host Hotels & Resorts,
Inc. Additionally, he held senior leadership roles at KeyBank Real
Estate Capital and Bank of America NA, among others. He currently
serves on the Board of Directors of Newell Brands (NASDAQ: NWL).
Mr. Johnson holds a B.A. in Economics from Morehouse College and an
MBA from Harvard Business School.
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 35,000 communications
sites in sixteen markets throughout the Americas, Africa and the
Philippines. SBA is listed on NASDAQ under the symbol SBAC. SBA 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20220329005645/en/
Mark DeRussy, CFA Capital Markets 561-226-9531
Lynne Hopkins Media Relations 561-226-9431
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