Taiclet succeeds Marillyn A. Hewson, 66, who has served as Chairman, President and CEO since 2014. Taiclet will continue to serve as a member of the corporation's board, which he joined in 2018. Hewson will become Executive Chairman of the board and provide ongoing support for the leadership transition.

Taiclet commented: “As a former military pilot, I understand the mission of this great corporation to provide global security and innovative solutions for the brave men and women who protect our freedom. I come into this role at a time when our nation and its allies have been tested globally by new and emerging threats.

“Now more than ever, it's critical we continue to deliver the best systems and equipment in the world. I'm honored to succeed Marillyn, who is rightfully one of the most respected CEOs in America, and to lead a workforce that is inventing and advancing the technology and security of our future."

Taiclet's tenure as CEO of American Tower Corporation started in 2003 and he became Chairman, President and CEO in 2004. Since then, American Tower grew significantly and increased its market capitalization from approximately US$2 billion to more than $100 billion. Taiclet guided the company's transformation from a primarily US business to a global player in its industry and he is widely regarded as one of America's most successful CEOs.