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CLEARWIRE NAMES NEW CFO

A PAIR OF NEW EXECUTIVES NAMED

Clearwire Corp. is shaking up its executive team, naming two new executives to help roll out WiMAX, an ultra-fast mobile broadband technology, throughout the country.

Two other executives are departing Clearwire (Nasdaq: CLWR), based in Kirkland, Wash.

Erik Prusch starts Monday as CFO, Clearwire said in a release. He previously was CEO of Borland Software, where he also had been CFO, helping restructure the company and return it to profitability. He also has held executive positions at the Turbo Tax division of Intuit Inc. (Nasdaq: INTU), Identix Inc. and Gateway Computers Inc. He’ll report to Clearwire CEO William Morrow.

Teresa Elder stepped into a newly created position, president of strategic partnerships and wholesale. She’ll manage Clearwire’s wholesale operations, which includes the reselling of WiMAX service by Clearwire’s strategic investors, which include 51 percent owner Sprint Nextel Corp. (NYSE: S).

Elder previously was CEO of Vodafone, Ireland, a subsidiary of Vodafone Group Plc. (NYSE: VOD), which under her leadership was the Ireland market leader with more than $2 billion in revenue and 2.2 million customers. Previously, she was president, West of AT&T Broadband, which now is part of Comcast Corp. (Nasdaq: CMCSA). Elder also held executive positions with MediaOne Group. She’ll report to Clearwire Chief Commercial Officer Mike Sievert and be a member of Morrow’s executive committee.

“Their successful track records at growing businesses by introducing innovative consumer technologies will be an asset to our firm,” Morrow said in the release. “Erik and Teresa each possess an impressive set of proven leadership skills that will enhance our ability to execute on the company’s vision.”

Clearwire Chief Strategy Officer Scott Richardson is leaving his position but will remain a strategic adviser. Morrow will handle strategy, and Sievert will manage product development.

CFO David Sach also is leaving to “pursue new opportunities,” the release said.

The rest of the senior leadership team won’t change. Morrow took the place of Clearwire co-founder Ben Wolff early this year.

On Nov. 28, Overland Park-based Sprint turned over its WiMAX assets to Clearwire in a $14.5 billion deal that included investors such as big cable companies, Google Inc. (Nasdaq: GOOG) and Intel Corp. (Nasdaq: INTC). Investors can resell the service, which is available in Baltimore, Las Vegas, Atlanta and Portland, Ore., and is scheduled to be available in 26 cities by the end of the year.

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