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Leap Announces Changes To Leadership Group

Stocks in this article: LEAP

SAN DIEGO, Nov. 15, 2012 /PRNewswire/ -- Leap Wireless International, Inc. (NASDAQ: LEAP), today announced management changes that underscore the Company's commitment to improved business execution.  The changes are intended to accelerate operational improvements and better enable management to direct the Company's long-term strategy in a time of industry transition.

(Logo: http://photos.prnewswire.com/prnh/20101220/MM20546LOGO-a)

Jerry Elliott, who joined the Company earlier this year, will bring considerable operational experience to his new role as president and chief operating officer, effective immediately.  Mr. Elliott will assume day-to-day operational management for the Company's field operations, customer operations and supply chain functions.  In his new role, Mr. Elliott will continue to report to S. Douglas Hutcheson, the Company's chief executive officer.

In addition, Perley McBride has been appointed as executive vice president and chief financial officer, replacing Mr. Elliott in that role, and is expected to start with the Company on December 10, 2012.  Anne Liu, the Company's former vice president and controller, has been appointed senior vice president and chief accounting officer, effective immediately.

"In elevating Jerry to the president and COO role, and appointing Perley and Anne to their new roles, we are underscoring our strong focus on and commitment to business improvement and significantly better execution across all parts of our business at a time of transition in our industry," said Hutcheson. "Jerry has significant operational experience, having proven himself as a strong leader with a fresh perspective for the work we have to do to improve our performance.  Perley brings a strong operational and financial background to support the steps we are taking to build improved execution, better results and stronger cash flows.  Anne has demonstrated her considerable skills and experience during the past six years with us as we have strengthened our finance and accounting functions.  I'm delighted to welcome them to our senior team."

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