Wind Mobile’s Lacavera to Relinquish CEO Title, Remain Chairman

Wind Mobile’s Anthony Lacavera will cede the title of chief executive officer as the company forges ahead with a plan to become Canada’s fourth national wireless carrier.

Chief Operating Officer Pietro Cordova will become CEO, while Lacavera remains chairman and actively participates in business planning and strategy, according to a statement today.

Lacavera’s Globalive Wireless Management Corp. agreed to buy VimpelCom Ltd.’s stake in Wind Mobile in September for about C$135 million ($120 million). The deal, backed by a group of investors led by West Face Capital Inc., gave Wind the funding needed to build out its presence in Ontario, British Columbia and Alberta by buying airwaves at government auctions set for early next year, helping Canada take a step toward boosting wireless competition. Globalive is owned by Lacavera’s AAL Corp.

Lacavera has pushed regulators to ease the way for companies to enter the telecommunications market and compete with BCE Inc., Rogers Communications Inc. and Telus Corp.

Before it's here, it's on the Bloomberg Terminal.