Summary
Crown Castle Inc. (CCI) announced on November 2, 2017, a significant change to its Board of Directors. The Board's size has been expanded to 12 members, and Andrea J. Goldsmith has been appointed as a new director, effective February 13, 2018. This expansion and appointment are part of the Board's strategic move to enhance its governance and oversight capabilities.
Key Highlights
- 1Board size increased from 11 to 12 members.
- 2Andrea J. Goldsmith appointed as a new, independent director.
- 3Ms. Goldsmith's appointment is effective February 13, 2018.
- 4Ms. Goldsmith brings extensive experience in wireless communications and technology, including academic and entrepreneurial roles.
- 5She is the Stephen Harris professor at Stanford University and has founded two wireless technology companies.
- 6Ms. Goldsmith will be compensated in line with the company's existing non-employee director compensation policy.
Frequently Asked Questions
Andrea J. Goldsmith is a distinguished professor at Stanford University specializing in electrical engineering and wireless communications. She has also founded and served as CTO for two wireless technology companies, Plume WiFi and Quantenna Communications. Her expertise is highly relevant to Crown Castle's business.
The company has not explicitly stated the sole reason for the expansion, but it typically indicates a strategic decision to broaden the Board's expertise, improve governance, or prepare for future growth and complexity. The addition of Ms. Goldsmith, with her strong technology background, suggests a focus on enhancing the Board's understanding of the evolving telecommunications landscape.
Ms. Goldsmith's appointment to the Board of Directors is effective February 13, 2018.
No, Ms. Goldsmith will receive compensation consistent with the company's standard compensation arrangements for its non-employee directors, as previously disclosed in their February 23, 2017, 8-K filing.