CCI - Crown Castle Files Investor Presentation Highlighting Clear Strategic Plan and Refreshed Experienced Board to Drive Shareholder Value Creation | Benzinga
The Company's Board, alongside newly appointed CEO Steven Moskowitz, is taking action to improve performance, unlock value within the fiber and small cell business, and create a stronger and more valuable Crown Castle
Ted Miller's demands to take de facto control of the Company, along with three of his friends and family, put shareholders' investment in Crown Castle at risk
Shareholders urged to vote the WHITE proxy card or voting instruction form for ALL of Crown Castle's highly qualified and diverse director nominees
HOUSTON, May 03, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE:CCI) ("Crown Castle" or the "Company") today announced that it has posted an investor presentation in connection with its 2024 Annual Meeting of Stockholders (the "Annual Meeting") scheduled for May 22, 2024. Shareholders of record as of the close of business on March 28, 2024, are entitled to vote at the Annual Meeting. The presentation is available at VoteCrownCastle.com.
The Crown Castle Board of Directors issued the following statement:
"The Crown Castle Board and management team are taking decisive actions to drive sustainable and robust shareholder value creation. We have appointed Steven Moskowitz as our new CEO, who is a proven executive with extensive expertise in the tower industry, and we made substantial progress on a Board-led strategic and operating review of the Company's fiber and small cell business. As a result of these strategic steps, we are creating a stronger, more valuable Crown Castle.
"We are confident this is the right Board to oversee Crown Castle and the execution of its strategy. Our director nominees are highly qualified with valuable experience to help Crown Castle maximize shareholder value. In addition, four of our nominees, who bring leadership, financial, and tower industry expertise, have been appointed in the past year, reflecting Crown Castle's proactive refreshment process.
"We believe Ted Miller's top priority is to regain control of Crown Castle and its Board – and his continued self-serving antics are more likely to jeopardize the clear progress underway than constructively contribute to it. Mr. Miller has repeatedly demonstrated that he is not aligned with the interests of all shareholders. In stark contrast, we are confident our current Board is best positioned to deliver on our objectives and enhance value for shareholders."
Highlights of the presentation include:
- Crown Castle is taking comprehensive actions to maximize shareholder value.
- The Board is successfully executing a clear plan of transformative value-enhancing initiatives to maximize the value present in the Company's best-in-class assets and business model.
- As part of these steps to reposition Crown Castle for greater shareholder value creation, the Board has:
- Appointed tower industry veteran Steven Moskowitz as CEO, following a robust search process.
- Made significant progress on its comprehensive strategic and operating review of the fiber and small cell business, including most recently engaging with multiple parties who have expressed interest in a potential transaction.
- Strengthened the boardroom by adding seven of our 11 current independent directors since 2020, all of whom have extensive experience and skillsets relevant to overseeing the Company's strategy.
- With its new CEO and a clear plan underway to drive value, Crown Castle is well positioned to further deliver for its shareholders.
- Our refreshed, diverse and ...