SBA Communications Corporation (SBA) announced today that Kurt L. Bagwell, Executive Vice President and President – International, and Thomas P. Hunt, Executive Vice President, Chief Administrative Officer and General Counsel, effective January 1 of will step down from their current titles and functions in 2023.
Bagwell and Hunt will be replaced by two longtime SBA officers and industry veterans. Richard Cane, currently Senior Vice President – International Operations, will succeed Bagwell and Joshua Koenig, currently Senior Vice President, Legal – International, will succeed Hunt.
“On behalf of our Board of Directors and all of our constituents, I would like to congratulate Kurt Bagwell and Tom Hunt on their very long and distinguished careers at SBA and express their deepest appreciation for all of their contributions to our growth and success,” commented Jeffrey A. Stoops, President and CEO.
“After serving as our Chief Operating Officer when we were a US-only company, Kurt led all of our international initiatives and played a key role in building SBA into the global organization we are today. Tom joined us having served as SBA’s primary external consultant in the early days of our history and has overseen a growing number of key departments, functions and competencies for us, including the people, systems and processes that drive our successful growth from a… Tower under 1,000, a small US public company, into the global S&P 500 organization of over 36,000 towers that we are today.”
Stoops said, “One of the many accomplishments that both Kurt and Tom have achieved in their 20+ years at SBA is building a deep, talented banking strength within the workforce. This commitment to talent development has allowed us to name two industry and SBA veterans, Rich Cane and Josh Koenig, to succeed Kurt and Tom. Both Rich and Josh have held wide-ranging leadership positions in the areas for which they have been appointed and have deep relationships throughout our industry. Given Rich and Josh’s experience, we expect the transition will be seamless and our growth, customer service and creation of shareholder value will be uninterrupted.”
Cane joined SBA in November 2019 and currently oversees all Western Hemisphere operations outside of the US. He has worked in telecommunications for over 35 years, including five years in various senior positions at Ericsson supporting managed services and field operations in North America. Cane has also previously served as an executive for several mobile network operators, including chief operating officer for Woosh Wireless in New Zealand, chief technical officer for Bell Atlantic International/Grupo Iusacell in Mexico, chief operating officer for PrimeCo Personal Communications in Chicago, and customer sales/ Service leadership positions for Motorola / Nokia Networks. Cane began his telecommunications career at Bell Atlantic (now Verizon) and has progressed through various management positions in network, finance and marketing.
Koenig joined SBA in January 2010 and has since held positions of increasing responsibility. He currently serves as SBA’s Senior Vice President, Legal – International, where he oversees all legal aspects of SBA’s international business, including mergers and acquisitions, compliance, litigation, operations, employment, corporate governance and government regulatory affairs deep into their international involved in strategic, operational and growth initiatives.
Prior to serving as Senior Vice President, Koenig served as Vice President & Associate General Counsel – International and began his career at SBA as Corporate Counsel – Finance and Compliance, overseeing all legal aspects of finance, compliance and corporate governance. Prior to joining SBA, Koenig was an associate at the law firm of Simpson Thacher & Bartlett, specializing in corporate and finance transactions. Koenig is a member of the New York Bar and a licensed resident attorney in Florida.
Bagwell has spent most of his career in telecommunications, working with them during his 21-year career at SBA in a number of roles including leading the service group, chief operating officer while they were a US-only corporation and most recently , president – International, where he oversaw the entry and growth of all of SBA’s 15 international markets.
Hunt joined SBA as General Counsel in September 2000 after serving as primary outside counsel during his time as a partner at Gunster, Yoakley & Stewart, PA, a Florida law firm where he practiced corporate and real estate practice for 16 years , was active. Throughout SBA’s material growth during his tenure, Tom has overseen an increasing number of responsibilities and roles, including legal, regulatory, compliance, security, risk management, land use, human resources, and mergers and acquisitions.
Cane and Koenig’s appointments are effective January 1, 2023, and Bagwell and Hunt will remain on staff through March 2023 to further support the transition.