Anterix Announces Tom Kuhn as Chairman of the Board of Directors as Morgan O'Brien Retires After More Than 12 Years on the Board

Rhea-AI Summary

Anterix (NASDAQ: ATEX) announced utility industry veteran Tom Kuhn as Chairman of the Board of Directors, effective January 1st, replacing Morgan O'Brien who retires after more than 12 years with the Company. O'Brien, who served in roles including President, CEO, and Executive Chairman, will continue as an advisor. Kuhn, who joined Anterix's Board in January 2024, brings 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.

Positive

• Appointment of experienced utility industry veteran Tom Kuhn as Chairman
• Continuity maintained through O'Brien's advisory role
• New Chairman brings over 30 years of leadership experience in electric utility sector

Negative

• Loss of long-term executive leader Morgan O'Brien from active management

WOODLAND PARK, N.J., Dec. 30, 2024 /PRNewswire/ -- Anterix (NASDAQ: ATEX) ("the Company") announced today utility industry veteran Tom Kuhn as Chairman of the Anterix Board of Directors, effective January 1^st, as the end of 2024 marks the anticipated retirement of Morgan O'Brien as Executive Chairman of the Anterix Board after more than 12 years with the Company. O'Brien will continue as an advisor.

"Anterix and our nation's utilities have benefited greatly from Morgan's tremendous leadership and counsel during his tenure and his impact on the Company cannot be overstated," said Tom Kuhn, Vice Chairman of the Board. "I am honored to be named Chairman of the Board during this important time in the Company's evolution and look forward to supporting the Company's efforts to drive significant growth and value creation for the benefit of all Anterix stakeholders." 

"Morgan has been a true thought leader in our industry. On behalf of the Board and management team, I want to extend our sincere gratitude to him for his steadfast leadership and innovative vision," said Scott Lang, Anterix President and Chief Executive Officer. "I also want to congratulate Tom on his new role, and I look forward to working with him and the rest of the Board to realize the next chapter of the Company."

"The last 12 years have been an amazing journey. As a result of the success Anterix has already achieved, the Company is well positioned to continue in its mission of transforming our nation's energy sector with the power of connectivity," said Morgan O'Brien. "I am confident that under the leadership of Scott Lang and Tom Kuhn, the Company will achieve great results."

Kuhn has served on Anterix's Board of Directors since January 2024 and prior to that spent more than thirty years as President and CEO of the Edison Electric Institute ("EEI"), the trade association representing U.S. investor-owned electric utilities.

O'Brien has served as an executive leader with the company for more than 12 years in roles spanning from President and CEO of the Company to Executive Chairman of its Board of Directors.

About Anterix Inc. 

At Anterix, we work with leading utilities and technology companies to harness the power of 900 MHz broadband for modernized grid solutions. Leading an ecosystem of more than 100 members, we offer utility-first solutions to modernize the grid and solve the challenges that utilities are facing today. As the largest holder of licensed spectrum in the 900 MHz band (896-901/935-940 MHz) throughout the contiguous United States, plus Hawaii, Alaska, and Puerto Rico, we are uniquely positioned to enable private LTE solutions that support cutting-edge advanced communications capabilities for a cleaner, safer, and more secure energy future. To learn more and join the 900 MHz movement, please visit www.anterix.com.

Shareholder Contact 

Natasha Vecchiarelli
Vice President, Investor Relations & Corporate Communications
Anterix
973-531-4397
nvecchiarelli@anterix.com

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SOURCE Anterix Inc.

FAQ

When will Tom Kuhn become Anterix (ATEX) Chairman of the Board?

Tom Kuhn will become Chairman of Anterix's Board of Directors effective January 1st, 2024.

How long did Morgan O'Brien serve on Anterix's (ATEX) Board?

Morgan O'Brien served on Anterix's Board for more than 12 years, holding various positions including President, CEO, and Executive Chairman.

What is Tom Kuhn's background before joining Anterix (ATEX)?

Tom Kuhn spent more than thirty years as President and CEO of the Edison Electric Institute (EEI), the trade association representing U.S. investor-owned electric utilities.

Will Morgan O'Brien maintain any role with Anterix (ATEX) after retirement?

Yes, Morgan O'Brien will continue with Anterix as an advisor after his retirement as Executive Chairman.