Jim Taiclet is leaving American Tower as president, CEO and executive chairman, to join Lockheed Martin, a global security and aerospace company that employs 110,000 people worldwide. Executive VP and CFO Tom Bartlett will succeed Taiclet as president and CEO.
“I thank Jim profoundly for his nearly 20 years of leadership to the industry, including his stint as Chairman of PCIA, as WIA was called at the time. His vision moved wireless infrastructure forward around the globe,” WIA President and CEO Jonathan Adelstein. “We wish him continued success in his major new role. I also congratulate Tom on becoming CEO, who will do a terrific job building on the tremendous success started by Jim. Tom has been with us at WIA since he began at American Tower, and we look forward to working with him and his team on industry priorities to keep the industry growing and meeting the challenges ahead.”
Bartlett, who has been with American Tower for 10 year, was previously with Verizon Communications for more than 25 years. During Bartlett’s tenure and leadership, American Tower’s total revenues have grown by 375 percent and its enterprise value has expanded to $128 billion from $16 billion. Total stockholder return during this period was approximately 800 percent. Rod Smith, the company’s current senior VP, corporate finance and treasurer will become the new executive VP, CFO and treasurer. Smith has been with the company for more than ten years, including serving as CFO of the company’s U.S. Tower Division.
Taiclet joined American Tower in 2001 as president and chief operating officer and became its CEO and chairman in 2003, succeeding company founder Steven Dodge. Taiclet will continue as executive chairman until the company’s 2020 annual meeting, after which point, Pamela Reeve, the company’s current lead independent director, will become non-executive Chair of the Board, subject to her re-election as a director at the annual meeting.
Taiclet will replace Marillyn Hewson as Lockheed Martin president and CEO.