Bill Morrow, CEO of Clearwire Corp., has resigned from the company that is building and operating the 4G wireless network Sprint uses.
Morrow cited personal reasons for stepping down and told Bloomberg News that the company is healthy and “It’s all good.”
Chairman John Stanton has replaced Morrow on an interim basis. A search for a permanent successor is under way.
Stanton told Bloomberg that he tried to talk Morrow out of resigning, adding that he wasn’t sure he understood all of Morrow’s personal reasons for departing.
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Two others also are leaving Clearwire for unrelated reasons, the company said.
Chief commercial officer Mike Sievert and chief information officer Kevin Hart are leaving for other opportunities, the announcement said. Both will remain with the company during a transition period.
The changes come as Clearwire and Sprint are close to announcing a settlement of their pricing dispute. Sprint pays Clearwire as Sprint’s customers use the 4G network.
Clearwire has said it wanted more revenue and said Thursday that an agreement was “imminent.”
Clearwire shares gained 37 cents Thursday to close at $5.75 before the announcement.
Sprint shares were up 20 cents to $4.90.