Harmoni Towers of Little Rock has named Yannis Macheras as CEO, a shift in leadership that comes after the company's acquisition of Charlotte telecom firm Parallel Infrastructure Inc. in November.
Macheras was previously the CEO of Parallel for two years. He replaces Lawrence Gleason as the top executive at the combined company.
Gleason had been the top executive as Harmoni since June 2020, according to his LinkedIn page. Before then, he was president of the company for more than four years.
Palistar Capital LP, Harmoni's parent company, did not provide a reason for the leadership change.
In a news release, Palistar founder and managing partner Omar Jaffrey said the firm looks forward to working with Gleason, an experienced consultant in the industry, on "future growth and strategic opportunities." Gleason was no longer listed on the management page of the the company's website Friday.
Macheras oversaw telecom infrastructure operations at Lendlease of Sydney, Australia, before becoming CEO of Parallel. He previously spent 14 years in a variety of leadership roles at publicly traded wireless infrastructure firm American Tower of Boston.
"Yannis brings a unique understanding of the communications infrastructure business and is well known as a carrier trusted leader and visionary in the wireless tower industry," Jaffrey said in the release.
According to Harmoni, the acquisition of Parallel made the company the second largest privately-owned wireless tower owner in the U.S. and one of the nation's most active tower builders, with over 2,000 sites constructed or in development.
Jaffrey said Palistar plans to deplore more than $1 billion via equity and debt financing to continue Harmoni's growth.
Palistar acquired Harmoni in June 2020 from Uniti Group Inc. of Little Rock.