Latest-Mobile header image main
Latest-Mobile header image article

Sprint Seeking to Replace Forsee

October 6th, 2007 · Source [Wall Street] · No Comments

Sprint Nextel’s board of directors has begun a search for someone to replace current chairman and CEO Gary Forsee. The board and activist shareholder Ralph Whitworth appear to have lost confidence in Forsee after the $35 billion merger with Nextel two years ago has failed to produce positive growth for the company. Instead, Sprint has struggled as the third largest wireless operator in the U.S., ceding customers to AT&T and Verizon Wireless, and experiencing difficulties with the merger. The search began in August. There is no word on when a replacement will me named.

Related articles
  • Sprint down plays buyout bid by Verizon
  • Sprint Nextel loses COO Len Lauer
  • Sprint / Clearwire’s WiMax Venture Fails To Materialize
  • Sprint Nextel buys Alamosa Holdings
  • Sprint Seeks Funding For WiMax Network
  • Tags: AT&T Wireless · In The News · Sprint Nextel · Verizon Wireless

    0 responses so far ↓

    • There are no comments yet...Kick things off by filling out the form below.

    Leave a Comment