Anterix (NASDAQ: ATEX) has announced the appointment of Tom Kuhn as the new Chairman of the Board of Directors, effective January 1st, 2025. This follows the retirement of Morgan O’Brien, who has served as Executive Chairman for over 12 years. Kuhn, who has been a member of the board since January 2024, brings with him over thirty years of experience as President and CEO of the Edison Electric Institute (EEI), the trade association representing U.S. investor-owned electric utilities.
Under O'Brien's leadership, Anterix has achieved significant success, positioning the company to continue its mission of transforming the nation's energy sector with the power of connectivity. During his tenure, the company has become the largest holder of licensed spectrum in the 900 MHz band throughout the contiguous United States, Hawaii, Alaska, and Puerto Rico, uniquely positioned to enable private LTE solutions that support advanced communications capabilities for a cleaner, safer, and more secure energy future.
As the new Chairman, Kuhn will play a key role in supporting the company's efforts to drive significant growth and value creation for the benefit of all Anterix stakeholders. Scott Lang, Anterix President and Chief Executive Officer, expressed his gratitude to O'Brien for his steadfast leadership and innovative vision, while also congratulating Kuhn on his new role.
The transition in leadership reflects an important time in the company's evolution, with a focus on realizing the next chapter of growth. Anterix continues to work with leading utilities and technology companies to harness the power of 900 MHz broadband for modernized grid solutions, offering utility-first solutions to modernize the grid and address the challenges utilities are facing today.
As the company moves forward under the leadership of Lang and Kuhn, it is poised to achieve great results and continue driving innovation in the energy sector. As a result of these announcements, the company's shares have moved -0.7% on the market, and are now trading at a price of $30.51. For more information, read the company's full 8-K submission here.