BOSTON - American Tower Corporation (NYSE: NYSE:AMT), a leading independent owner, operator, and developer of multitenant communications real estate, has elected Neville R. Ray, a seasoned telecom executive, to its Board of Directors. The company, which boasts over 224,000 communications sites globally, announced the appointment without disclosing the effective date of Ray's directorship.
Ray's extensive experience in the telecom industry includes his recent role as President of Technology at T-Mobile, where he served until 2023. His tenure at T-Mobile began in April 2000, and he held the position of Chief Technology Officer from December 2010 to November 2019. Ray's previous experience also includes serving as Network Vice President for Pacific Bell Mobile Services. His current commitments include board positions at Ziff Davis and participation in the U.S. President’s National Security Telecommunications Advisory Committee (NSTAC).
In addition to his corporate roles, Ray has contributed to several industry and government advisory groups, including as Chairperson of the Board of Governors of 5G Americas and Vice Chairman of the Cellular Telecommunications Industry Association (CTIA).
Steve Vondran, President and CEO of American Tower, expressed enthusiasm for the appointment, citing Ray's three decades of experience in building and operating wireless networks and his familiarity with the company's competitive landscape. Vondran anticipates that Ray's operational and technical expertise will significantly contribute to the company's mission to deliver shareholder returns and sustainable growth.
Furthermore, American Tower declared a quarterly cash distribution of $1.62 per share, payable on April 26, 2024, to shareholders of record as of April 12, 2024. This dividend represents a reduction from the fourth quarter 2023 dividend of $1.70 per share.
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