Clearwire Names Vodafone Vet Its CEO

Vodafone veteran William Morrow is replacing Benjamin Wolff at the helm of Clearwire.
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Updated from 11:40 a.m. EDT

Wireless specialist

Clearwire

(CLWR)

swapped out its CEO on Monday, appointing Vodafone veteran William Morrow to spearhead the firm's

WiMAX

strategy.

Morrow takes over from Clearwire's co-founder Benjamin Wolff, who will now serve as the company's co-chairman.

Clearwire, which has combined its Internet business with that of

Sprint Nextel

(S) - Get Report

, recently announced

plans

to spend $1.9 billion this year to build out its "Clear" branded 4G solution nationwide. The company is looking to build a mobile WiMAX network covering up to 120 million people in more than 80 markets by 2010.

Prior to joining Clearwire, Morrow was CEO of

Pacific Gas & Electric (PG&E)

(VZ) - Get Report

in San Francisco, Calif. Earlier in his career, the 49-year old served in a number of senior executive positions at telecom giant

Vodafone

(VOD) - Get Report

, including stints as CEO of the company's European and UK operations, and president of Vodafone KK in Japan. Morrow has also worked for

Japan Telecom

and

AirTouch International

.

"Bill Morrow has developed a global reputation in the telecommunications industry as a highly regarded executive with an extraordinary track record of success in U.S., Europe and Japan," said Craig McCaw, Clearwire's co-chairman, in a statement. "Years of experience in key positions with great companies such as AirTouch and Vodafone have given Bill a great perspective on achieving operating efficiencies and enhancing value creation to profitably build and scale businesses."

Clearwire shares were recently up 1% to $2.96.