T-Mobile US Inc. Chief Executive John Legere will be stepping down at the start of May, but he told investors on a business-update call Monday that he wasn’t in talks to run The We Company, parent of WeWork, contrary to rumors and reports. Legere said he was in an “awkward” position over the past few weeks given an already-planned leadership transition at T-Mobile that wasn’t formally announced yet. “I was never having discussions to run WeWork and because we had this announcement pending, I couldn’t say that,” Legere said. He said he’s been getting “a tremendous amount of input on companies that could use cultural transformation” and that “some time around May, we’ll take a look at that.” Chief Operating Officer Mike Sievert will be taking over as CEO on May 1. T-Mobile shares are off 1.1% in Monday morning trading. The stock has gained 21% so far this year, as the S&P 500
has risen 24%.
View more information: https://www.marketwatch.com/story/t-mobiles-outgoing-ceo-john-legere-says-he-was-never-having-discussions-to-run-wework-2019-11-18