American Tower announced that Jim Taiclet will transition from his roles as president, CEO and executive board chairman, to become the CEO at Lockheed Martin. The company has named Tom Bartlett his successor, effective immediately. Bartlett served as American Tower’s CFO for over ten years, joining the company from Verizon Communications in April 2009 after a career there of over 25 years.
Taiclet joined American Tower in 2001 as president and COO and became its CEO and chairman in 2003, succeeding company founder Steven Dodge. He 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.
Meanwhile, Rod Smith, the company’s current SVP for corporate finance, will become the new CFO and treasurer. Smith has been with the company for more than ten years and served as CFO of the company’s US Tower Division.
