Leap Nominates Two New Directors For Election to Board
.(Logo: http://photos.prnewswire.com/prnh/20101220/MM20546LOGO-a )
The Board believes that Ms. Kruger and Mr. Leavitt will make significant contributions to Leap's Board at a time of opportunity and growth for the Company. In particular, the Board expects Ms. Kruger's expertise in retail will be highly relevant as the Company expands its national retail distribution and that Mr. Leavitt's strategic and finance background with growth companies in the telecommunications space will provide important perspective as Leap seeks to continue enhancing shareholder value.
will be leaving the Board at the conclusion of their terms of service. The Leap Board expresses its gratitude and appreciation to Mr. Chapple and Mr. Roper for their dedicated service and significant contributions to Leap and its Board.
Ms. Kruger, age 60, will provide the Board with significant operational expertise due to her experience as an executive of several companies in diverse and various industries, including retail and telecommunications. Since . Prior to that, Mr. Leavitt held similar positions with several investment banking firms from 1987 to 2005, including Robertson Stephens and Prudential Securities. Mr. Leavitt also brings significant expertise and perspective through his service as a member of the boards of directors of private and public companies in various industries, including telecommunications. Mr. Leavitt holds a B.S. from Graduate School of Business.
About Leap
Leap provides innovative, high-value wireless services to a fast-growing, young and ethnically diverse customer base. With the value of unlimited wireless services as the foundation of its business, Leap pioneered its Cricket® service. The Company and its joint ventures now operate in 35 states and the , Leap is traded on the NASDAQ Global Select Market under the ticker symbol "LEAP." For more information, please visit www.leapwireless.com .
Important Information
Leap, its directors and executive officers will be participants in the solicitation of proxies in connection with its 2011 annual meeting of stockholders. Important information concerning the identity and interests of Leap's directors and executive officers is set forth in Leap's preliminary proxy statement for its 2011 annual meeting of stockholders filed on Schedule 14A with the Securities and Exchange Commission (the "SEC") on the date hereof.
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Mr. Leavitt holds a BS from Trinity College and an MBA from the University of Chicago Graduate School of Business. Leap provides innovative, high-value wireless services to a fast-growing, young and ethnically diverse customer base.
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