Stoops to Step Down as SBA CEO in ‘23 Succeeded by Brendan Cavanagh

SBA Communications Corporation (NASDAQ: SBAC) announced this week that Jeff Stoops will retire from his positions as President and Chief Executive Officer on December 31, 2023. SBA’s Board of Directors has appointed Brendan Cavanagh, SBA’s Executive Vice President and Chief Financial Officer, to succeed Stoops as President and CEO, at which time Cavanagh shall also be appointed to the company’s Board of Directors. Stoops shall remain on the company’s Board of Directors, and upon his retirement shall assume the position of non-executive Chairman of the Board. Steven Bernstein, SBA’s founder and current Chairman of the Board of Directors, will continue to serve on the Board, and Jack Langer will continue in his role as lead independent director. SBA said it intends to appoint its next Chief Financial Officer later this year. Continue Reading