TDS announces CEO transition

Executive Leadership Changes - Walter C D Carlson appointed as President and CEO of TDS effective February 1 2025 [1] - LeRoy T Carlson Jr transitions to Vice Chair focusing on enterprise strategy and continues as Chair of UScellular [1] - Christopher D O'Leary appointed Lead Independent Director of TDS Board [3] Leadership Backgrounds - Walter Carlson has served on TDS Board since 1981 and as non-executive Chair since 2002 [2] - Walter Carlson guided TDS through wireless industry emergence UScellular growth and TDS Telecom transformation [2] - Christopher O'Leary has served on TDS Board since 2006 with decades of public company executive leadership experience [3] - Walter Carlson previously served as attorney at Sidley Austin LLP for over 44 years including 37 years as partner [4] Company Strategy and Vision - Leadership transition reflects commitment to advance mission of providing high-quality communications services [3] - CEO transition optimizes contributions of founding family members and positions company for long-term success [4] - Walter Carlson expresses commitment to continue working with Ted Carlson and talented team on strategic initiatives [3] Company Overview - TDS provides wireless broadband video and voice services to approximately 6 million connections nationwide [5] - TDS operates through UScellular and TDS Telecom businesses [5] - Company founded in 1969 headquartered in Chicago with approximately 8000 employees as of September 30 2024 [5]