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Clearwire Finally Gets a New CEO

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Aug 10, 2011, 9:24 AM by Eric M. Zeman

Clearwire today announced that it has promoted current Chief Operating Officer Erik Prusch to the President and Chief Executive Officer position. John Stanton, who has served as the company's Chairman and interim CEO during the search for a new leader, will become Executive Chairman of the Board of Directors. The promotion goes into effect starting today. Clearwire recently announced a major shift in plans, stating that it will launch a Long Term Evolution 4G network alongside its WiMax 4G network. The move will only be possible if Clearwire can raise massive amounts of cash. Prusch is charged with finding the necessary capital.

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