Teledesic Corp. announced Craig McCaw will return to his former post as chief executive officer of the company, where he will share the position with Steve Hooper, a longtime associate of McCaw and chairman of Nextlink Communications.
Steve Twyver, who succeeded McCaw as Teledesic’s CEO last year, will join a new Teledesic executive committee devoted to strategic issues.
“Because Bill Gates and I have so much personal interest in Teledesic, we’ve decided that it’s best for me to play a more active role in the company’s development,” said McCaw. McCaw and Gates each hold a one-third interest in the company.
Until earlier this year, Hooper was president of AT&T Wireless Services Inc., the descendant of McCaw Cellular Communications Inc.
