Crown Castle Reiterates Actions Underway To Enhance And Unlock Shareholder Value; Rejects Slate Of Directors Nominated By Ted Miller For Election To Crown Castle's Board; Company Remains Focused On CEO Search And Fiber Review
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Crown Castle Inc. (CCI) has rejected a slate of directors nominated by Ted Miller's Boots Capital for its Board, focusing instead on a CEO search and a strategic review of its fiber business. The company has made significant progress, including appointing three new independent directors and initiating a comprehensive review of its fiber operations with the help of top advisors. CCI's Board will present its formal recommendation for the election of directors at the 2024 Annual Meeting of Stockholders scheduled for May 22, 2024.
February 20, 2024 | 5:40 pm
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Crown Castle Inc. has rejected Ted Miller's director nominees, focusing on strategic advancements including a CEO search and fiber business review, with significant board changes and strategic reviews underway.
The rejection of Ted Miller's nominees and the focus on strategic advancements, including the CEO search and fiber business review, signal Crown Castle's commitment to its long-term strategy and governance. The appointment of new directors and the involvement of top advisors in the fiber review process may be viewed positively by investors, potentially leading to a positive short-term impact on CCI's stock price.
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