Bloomberg News

Leap Wireless Names Elliott COO in Management Overhaul

November 15, 2012

Leap Wireless International Inc. (LEAP:US), the San Diego-based pay-as-you-go wireless carrier, named Jerry Elliott as president and chief operating officer, six months after he joined the company as finance chief.

Perley McBride, who has served as executive vice president of finance at the Weather Co., will replace Elliott as chief financial officer on Dec. 10, Leap said today in a statement.

The carrier has been struggling to hang on to customers as its rivals upgrade to speedier networks that use a technology called long-term evolution, or LTE. The company lost about 269,000 users in the third quarter.

The shares, down 36 percent this year, fell 1.4 percent to $5.91 yesterday in New York.

To contact the reporter on this story: James Callan in New York at jcallan2@bloomberg.net

To contact the editor responsible for this story: Cecile Daurat at cdaurat@bloomberg.net


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