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November 18, 2019
T-Mobile announced the resignation of current CEO, John Legere, effective April 30, 2020. Mr. Legere has been CEO since April 30, 2013. From 2013-2018, Legere realized $182,348,005 in total compensation.
On May 1, 2020, G. Michael Sievert will assume the role of President and CEO. He is currently President, Chief Operating Officer and a Board Member of the Company. His annual target compensation will be as follows:
| Base Salary | Target Bonus | LTIP Target | Total Annual Compensation |
|
$1,400,000
|
$3,500,000 | $13,500,000 | $18.4 million |
Additionally, in connection with his appointment, he will be eligible to receive a one-time cash Retention Payment of $3,500,000 and a one-time performance equity award with a target value of $20 million.
To view G. Michael Sievert's profile, please click here.
Brielle Ferdinand, Research Analyst at Equilar, authored this post. Please contact Amit Batish, Content Manager, at abatish@equilar.com for more information on Equilar research and data analysis.
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