SBA Announces Two Executive Officer Retirements and Appointments
June 17 2022 - 8:30AM
Business Wire
SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) today
announced that Kurt L. Bagwell, Executive Vice President and
President – International, and Thomas P. Hunt, Executive Vice
President, Chief Administrative Officer and General Counsel, will
retire from their current titles and roles effective January 1,
2023. Succeeding Messrs. Bagwell and Hunt will be two long-time SBA
officers and industry veterans. Richard Cane, currently Senior Vice
President – International Operations, will succeed Mr. Bagwell, and
Joshua Koenig, currently Senior Vice President, Legal –
International, will succeed Mr. Hunt.
“On behalf of our Board of Directors and all of our
constituents, I want to congratulate Kurt Bagwell and Tom Hunt on
their very long and successful careers with SBA and extend the
deepest appreciation for all their contributions to our growth and
success,” commented Jeffrey A. Stoops, President and CEO.
“Following his service as our Chief Operating Officer when we were
a U.S.-only business, Kurt has been the leader of all our
international initiatives, playing a key role in growing SBA into
the global organization we are today. Tom joined us after serving
as SBA’s primary outside counsel in the early days of our history
and has overseen a growing number of key departments, functions and
competencies for us, including people, systems and processes,
supporting our successful growth from a sub-1,000 tower, small U.S.
public company to the global, 36,000+ tower, S&P 500
organization we are today. One of the many accomplishments achieved
by both Kurt and Tom over their 20+ years at SBA is their building
of deep, talented bench strength in personnel. That commitment to
talent development has enabled us to appoint two industry and SBA
veterans, Rich Cane and Josh Koenig, as successors to Kurt and Tom.
Both Rich and Josh have held wide-ranging leadership positions in
the areas for the positions to which they are appointed and have
deep relationships throughout our industry. Given the experience of
Rich and Josh, we anticipate the transition will be seamless and
our growth, customer service and shareholder value creation will
continue uninterrupted.”
Mr. Cane joined SBA in November 2019, and currently oversees all
of our Western Hemisphere operations outside of the U.S. Rich has
spent over 35 years in telecommunications, including five years in
a variety of senior roles at Ericsson, supporting managed services
and field operations in North America. Mr. Cane also previously
served as a senior executive for several wireless network
operators, including as Chief Operating Officer for Woosh Wireless
in New Zealand, Chief Technical Officer for Bell Atlantic
International/Grupo Iusacell in Mexico, Chief Operating Officer for
PrimeCo Personal Communications in Chicago and customer
sales/service leadership positions for Motorola / Nokia Networks.
Mr. Cane began his telecommunications career with Bell Atlantic
(now Verizon), progressing through a variety of management
positions in network, finance and marketing.
Mr. Koenig joined SBA in January 2010, and has since held
positions of increasing responsibility. Josh currently serves as
our Senior Vice President, Legal – International, where he oversees
all legal aspects of SBA’s International business, including in the
areas of mergers & acquisitions, compliance, litigation,
operations, employment, corporate governance and government
regulatory affairs, and is deeply involved in our international
strategic, operational and growth initiatives. Prior to serving as
Senior Vice President, Mr. Koenig served as Vice President &
Associate General Counsel – International, and began his career at
SBA as Corporate Counsel – Finance and Compliance where he oversaw
all legal aspects of finance, compliance and corporate governance.
Prior to joining us, Mr. Koenig was an associate with the law firm
of Simpson Thacher & Bartlett, specializing in corporate and
financing transactions. Mr. Koenig is a member of the New York Bar
and authorized house counsel in Florida.
Mr. Bagwell has spent almost his entire career in
telecommunications, and during his 21-year career at SBA has served
in a number of roles with us, including running the services group,
Chief Operating Officer while we were a U.S.-only business and,
most recently, President – International where he has overseen the
entry into and growth of all of SBA’s 15 International markets.
Mr. Hunt joined SBA in September 2000 as our General Counsel,
after having served as our primary outside counsel while a partner
with Gunster, Yoakley & Stewart, P.A., a Florida law firm where
he practiced for 16 years in the corporate and real estate areas.
Throughout the material growth of SBA during his tenure, Tom has
overseen increasing areas of responsibility and scope including
legal, regulatory, compliance, safety, risk management, land use,
human resources and mergers and acquisitions.
The appointments of Messrs. Cane and Koenig will become
effective January 1, 2023, and Messrs. Bagwell and Hunt will remain
employees through March 2023 in order to further support the
transition.
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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Mark DeRussy, CFA Capital Markets 561-226-9531
Lynne Hopkins Media Relations 561-226-9431
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