Crown Castle falls after parting ways with second top boss in two years

Wireless tower operator Crown Castle's CCI.N shares fall 1.5% to $102.80 premarket

Co said on Monday it has terminated CEO Steven Moskowitz, effective immediately; search to appoint successor is underway

Dan Schlanger, co's current finance chief, named as interim CEO

The executive shake-up comes on the heels of co's $8.5 bln deal to sell fiber assets to EQT Active Core and Zayo, after activist investor Elliott Investment Management pushed co for changes

In Dec 2023, Jay Brown stepped down as CEO, in a move seen as a major win for Elliott

Elliott owns a ~0.7% stake in co, as of December 31

As of last close, CCI up ~15% YTD