New York (CNN Business) T-Mobile announced Monday that CEO John Legere will be stepping down at the end of next April after his contract expires.

The surprise move comes as speculation swirls about the possibility that Legere was a leading contender to become the next CEO of WeWork — although Legere shot down reports that he was looking to take that job.

Mike Sievert will become T-Mobile's new CEO

T-Mobile TMUS Sprint S Legere will be replaced by Mike Sievert, who is currently the president and chief operating officer of. The company said Legere is going to remain a board member and will assist with the company's pending acquisition of rival

Sprint is controlled by Japanese investing giant SoftBank, which also has a controlling interest in WeWork.

WeWork is looking for a new CEO after Adam Neumann was forced out when the company was forced to scrap its initial public offering plans due to concerns about its corporate governance and mounting losses.

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