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Dodge Looks Beyond American Tower

Dodge Looks Beyond American Tower

Founding chairman Steve Dodge is retiring from the board of American Tower Corp., the big tower site operator, which trades on the New York Stock Exchange, to give more control to its management.
The company owns and manages broadcast and wireless communications sites; it runs 15,000 in the United States, Mexico, and Brazil, including about 300 broadcast sites.
Dodge will continue to have a relationship with the company “as a part-time employee on terms to be mutually agreed upon.” Dodge said he leaves behind a management team whose performance has been “rock-solid” and that “at this stage the shadow of a founding chairman serves no productive purpose.”
The firm was spun off from American Radio six years ago.
“While the role of a telecom CEO hasn’t exactly been a walk in the park during the past couple of years, I take some satisfaction in American Tower’s resurgence and its forward momentum,” he stated.