Crown Castle Appoints Exterran Executive as Financial Chief
March 09 2016 - 6:38PM
Dow Jones News
By Maria Armental
Crown Castle International Corp. has hired a senior executive at
oil-and-gas-products service company Exterran Corp. to become its
chief financial officer.
Daniel K. Schlanger, who has an extensive background in the
energy sector, will join Crown Castle on June 1, when Financial
Chief Jay Brown becomes president and chief executive officer.
Mr. Schlanger, who had been in charge of corporate development
at Universal Compressor Holdings before the merger with Hanover
Compressor that created Exterran Holdings Inc., previously worked
as an investment banker with Merrill Lynch, focusing on mergers and
acquisitions and capital-markets transactions in the energy
sector.
Based in Houston like Exterran, Crown Castle owns cell towers.
In January, when it reported fourth-quarter results above Wall
Street projections, Crown Castle raised its projections for the
current year saying it expected leasing trends to remain strong in
2016.
Crown Castle's stock, which has set a 52-week high and low since
the beginning of the year, closed Wednesday at $85.22.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
March 09, 2016 18:23 ET (23:23 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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