WASHINGTON, Sept. 17,
2024 /PRNewswire/ -- Grain Management,
LLC ("Grain" or the "Firm"), a trusted solutions provider to
the broadband and communications industry, is pleased to announce
the addition of Steven R.
Smith as Managing Director on the Investment Team.
Smith, who has more than 30 years of experience in advancing
enterprise growth in the global TMT industry, will be based in
Washington, D.C. working out of
the Firm's headquarters alongside Grain's global team of investment
and operations professionals.
Telecom industry investor Grain Management
welcomes former Verizon executive, Steven
Smith.
"Steve brings a tremendous amount of commercial acumen and a
record of delivering results within transformative technological,
regulatory, and competitive market environments," said
David J. Grain, the Firm's
CEO and Founder. "His strategic leadership in the rapidly evolving
digital landscape and deep insights into the complex fabric of
spectrum-related opportunities adds to Grain's performance-based
culture and reinforces our ability to deliver differentiated,
exceptional results to our valued clients."
Prior to joining Grain, Smith developed his executive experience
at Verizon (NYSE: VZ), where he most recently led Corporate Finance
with oversight of the international carrier's enterprise-wide
financial planning and analysis capabilities, its multi-billion
dollar capital program, Wireless Business Development, as well as
FP&A and Data Analytics Centers of Excellence. Smith also
brings experience in wireless spectrum transactions, having played
a key role in securing and managing Verizon's spectrum assets. His
deep understanding of the regulatory environment, auction
processes, and spectrum valuation equips him with unique insights
into these critical assets that underpin global wireless
connectivity.
Smith also previously served as Chief Financial Officer for
multiple VZ organizations, as a member of the Management Audit
Committee, and led Commercial Finance. With Verizon Wireless, Smith
was the President and P&L owner of a significant revenue
operating region and led all Strategic and Financial Planning.
Smith began his career as an Engineer at Dover Electronics
Manufacturing, a Dover subsidiary, and later at NYNEX Corporation,
an early predecessor of Verizon. He holds an MBA from the
University of Rochester and a Bachelor
of Technology in Mechanical Engineering Technology from Binghamton
University. He is a CFA® charterholder.
"I am delighted to be joining Grain," said Smith. "The Firm has
built an enviable record of success. Over the past decade, I've had
the opportunity to observe firsthand the value Grain brings as a
trusted broadband technology and digital infrastructure partner. I
look forward to working alongside an outstanding group of
professionals, building on that success, and creating value for our
current and future clients."
This new addition to the team continues Grain's expansion as a
leader in the telecommunications and digital infrastructure
industries. In 2022 and 2023, Grain made key strategic hires and
appointments to its Investment and Senior Advisor teams, broadening
the Firm's focus on global investment opportunities, and taking
advantage of industry growth fueled by the momentum of immersive
technology, generative AI, and the buildout of 5G networks.
About Grain Management
We believe broadband and digital infrastructure are foundational
to the tech-enabled transformation occurring across all industries
and facets of society. And our global team of seasoned and diverse
professionals share a collective passion for the power of
connectivity to strengthen communities and unlock human potential
for all.
Founded in 2007, Grain Management is a leading, global
investment firm. We specialize in digital infrastructure and are a
trusted solutions provider to the broadband and communications
industry. Our unique combination of sector knowledge, experience as
operators, and disciplined analytical approach guide our
differentiated investment strategy across fiber networks, data
centers, wireless spectrum, cell towers, as well as managed and
infrastructure services. For more information visit
www.graingp.com.
Contacts:
Grain Public Relations
PR@graingp.com
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SOURCE Grain Management, LLC