pdvWireless, a Woodland Park-based wireless communications carrier, announced CEO changes at the company.
Morgan O’Brien, vice chairman, has succeeded John C. Pescatore as the company’s CEO. Pescatore will continue to serve on the board of directors as vice chairman. The pair will work closely together to ensure a smooth transition.
“On behalf of the board and management team, I would like to thank John for his significant contributions to pdvWireless. John has been instrumental in transforming pdvWireless from a private to public company,” said Brian McAuley, chairman of the board.
“It has been a pleasure working with John over the past 14 years to create a strong culture as a foundation for the future success of pdvWireless. We look forward to John’s ongoing involvement with the company as vice chairman of our board, where his talents, experience and judgment will continue to help guide the company and deliver value for our shareholders. Passing the baton from John to Morgan is a natural progression for pdvWireless to continue to grow and thrive, and Morgan is the ideal candidate to assume the role of CEO as we build toward a broadband future,” he said.
“I am extremely proud of our team and our accomplishments during the last 14 years. I am thrilled to have been able to serve the company and help build a solid foundation to support our future growth,” Pescatore said. “We’ve made substantial progress in creating momentum in our FCC regulatory initiative which will allow us to expand our solutions to provide critical infrastructure and enterprise customers value-added, next generation broadband solutions. We are well-positioned going forward, and under Morgan’s leadership, I’m confident that our talented team will achieve our vision.”