Piche succeeds Robert C. Ackerman who plans to retire following a 50-year career that included 23 years in various senior leadership roles at Crown Castle. Under the terms of his departure Ackerman will remain with Crown Castle in an advisory capacity until February 2022 to assist with various matters, including the transition of his successor.
“I want to thank Bob for his significant contributions and steady leadership that helped us generate significant growth and create value for our shareholders during the last 23 years, and I want to wish him the best in his retirement,” said Jay Brown, Crown Castle’s Chief Executive Officer.
“I am excited to welcome Cathy to our executive management team and believe her proven leadership capabilities and extensive operational experience will be invaluable as we support our customers’ nationwide 5G deployments.”
Piche enters the role having joined Crown Castle in 2011 and has since then served in a variety of leadership roles, including most recently as senior vice president of project delivery, design & construction for the company's fibre business.
Prior to this, Piche served as vice president of project delivery, and led multiple regions within Crown Castle’s tower business as area president.
Before joining Crown Castle, Piche held various leadership positions at American Tower Corporation and served in numerous site development roles at Sprint Corporation and AT&T Wireless.
In related news, July saw the company publish its Q2 2021 results which saw site rental revenues grew 8% to $106 million compared to the same period to Q2 2020. Income from continuing operations for Q2 2021 was $333 million compared to $200 million for Q2 2020.
Adjusted funds from operations (AFFO) came in at $1.71, up 18% compared to $1.45 in Q2 of 2020. Capital expenditures during the quarter amounted to $308 million.
