Anterix (NASDAQ: ATEX) has announced the appointment of Scott Lang as its new President and Chief Executive Officer, effective November 1, 2024. Lang brings with him more than 30 years of experience in strategic leadership and operational excellence, having previously served as the CEO and Executive Chairman of Silver Spring Networks, Inc.
During his tenure at Silver Spring Networks, Lang successfully positioned the company as an innovative leader within the utility sector before its acquisition by Itron in 2018. His appointment comes as Rob Schwartz, the current President and CEO, steps down after a decade of pioneering leadership. Schwartz will continue to support Lang and serve as an advisor to the board to ensure a successful leadership transition.
Anterix's Executive Chairman, Morgan O’Brien, expressed confidence in Lang's ability to build upon the company's success, emphasizing the unique position and opportunity that Anterix holds within the industry. Lang has also received support from Vice Chairman Tom Kuhn, who highlighted his extensive experience in the utility sector.
Speaking about his new role, Lang expressed his optimism and eagerness to drive the adoption of 900 MHz private wireless broadband throughout the utility sector, drawing parallels between the work done at Silver Spring Networks and the mission of Anterix.
In response to his departure, Schwartz commended the accomplishments of the Anterix team, emphasizing the meaningful and transformative mission that has positively impacted the resiliency, security, and sustainability of the nation's electric grid. He expressed confidence in Lang's ability to ensure the continued positive progress of Anterix for the benefit of its customers, partners, and shareholders.
As a company, Anterix engages with leading utilities and technology companies to leverage the power of 900 MHz broadband for modernized grid solutions. It holds the largest spectrum of licensed 900 MHz band in the contiguous United States, as well as in Alaska, Hawaii, and Puerto Rico.
The press release does not provide specific financial metrics or comparisons to the previous period. Following these announcements, the company's shares moved -3.2%, and are now trading at a price of $34.24. If you want to know more, read the company's complete 8-K report here.
