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Clearwire Announces Exec Appointments

Clearwire Corp. (CLWR) announced the appointment of two new members of the company’s executive team to lead its expansion efforts and execute on Clearwire’s plans to deploy its 4G WiMAX network across the United States. Joining Clearwire will be Erik Prusch as CFO, and Teresa Elder as president of strategic partnerships and wholesale.

“We are fortunate to have such accomplished executives join our leadership team. Their successful track records at growing businesses by introducing innovative consumer technologies will be an asset to our firm,” said Clearwire CEO, William T. Morrow. “Erik and Teresa each possess an impressive set of proven leadership skills that will enhance our ability to execute on the company’s vision. I am confident that we have assembled a team that will lead the company forward to best serve our customers, partners and shareholders.”

Elder assumes the newly created position of president of strategic partnerships and wholesale where she will oversee Clearwire’s wholesale operations, which includes the services sold by the company’s strategic investors using Clearwire’s 4G WiMAX network. Most recently, Elder was CEO of Vodafone, Ireland – a wholly owned subsidiary of Vodafone Group PLC.

Prusch joins Clearwire Borland Software, where he was president and CEO. Prior to Borland, he was vice president of Finance in Intuit’s Turbo Tax division. Prior to Intuit, he served as Chief Financial Officer of Identix Incorporated.

In addition to these new executive team members, the company announced that Scott Richardson, who has served as Clearwire’s chief strategy officer, will leave the company, but continue to serve as a strategic advisor. “We are pleased that Scott will continue to offer his 4G WiMAX expertise and guidance in an advisory capacity for the foreseeable future,” said Morrow.

Also, as a part of today’s appointments, the company announced that David Sach, CFO, will leave the company to pursue new opportunities.


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