Crown Castle Appoints Exterran Executive as Financial Chief

By Maria Armental 

Crown Castle International Corp. has hired a senior executive at oil-and-gas-products service company Exterran Corp. to become its chief financial officer.

Daniel K. Schlanger, who has an extensive background in the energy sector, will join Crown Castle on June 1, when Financial Chief Jay Brown becomes president and chief executive officer.

Mr. Schlanger, who had been in charge of corporate development at Universal Compressor Holdings before the merger with Hanover Compressor that created Exterran Holdings Inc., previously worked as an investment banker with Merrill Lynch, focusing on mergers and acquisitions and capital-markets transactions in the energy sector.

Based in Houston like Exterran, Crown Castle owns cell towers. In January, when it reported fourth-quarter results above Wall Street projections, Crown Castle raised its projections for the current year saying it expected leasing trends to remain strong in 2016.

Crown Castle's stock, which has set a 52-week high and low since the beginning of the year, closed Wednesday at $85.22.

Write to Maria Armental at [e-mail]

(END) Dow Jones Newswires

March 09, 2016 18:23 ET (23:23 GMT)

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