Sprint CFO to leave in new executive shake-up
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Sprint Nextel Corp  Chief Financial Officer Paul Saleh and two other senior executives are leaving the company in a new management shake-up, as the No. 3 U.S. mobile service grapples with subscriber losses.
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Sprint Nextel's new chief executive, industry veteran Daniel R. Hesse, may bring serious change to the struggling wireless carrier, saying he will reevaluate its controversial high-speed Internet strategy and consider moving the company's headquarters from Reston.
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Portal will reorganize into three new units; COO to leave.
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Motorola Inc. on Wednesday said its No. 2 officer, who had been passed over for the chief executive post, will resign at the end of January to seek a top spot with another company.
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Sprint Nextel has decided to consolidate its two headquarters, eliminating a relic of the merger of Sprint and Nextel Communications in 2005.After that deal closed, the new company set up its corporate headquarters in Reston, Virginia, which had been the home of Nextel, and established an operational base in Sprint&#39;s home of Overland Park, Kansas. Now it will have just one main office, in Overland Park.The move was widely anticipated as a new CEO, Dan Hesse, took over the troubled operator. Consolidating the networks and corporate cultures of Sprint and Nextel has proved harder than merging them financially, and it has weighed down a company that has enough problems already, according to industry analysts. Sprint is losing subscribers and struggling to distinguish itself as the number-three player in the U.S. behind AT&amp;T Wireless and Verizon Wireless. It is close to a limited launch of its WiMax mobile broadband network but is unlikely to reach its WiMax coverage goal by the end of this year, an executive said Wednesday at the Mobile World Congress in Barcelona.Since Hesse took the helm in December, the company&#39;s top financial, marketing and sales executives have left, and it has announced plans to lay off 4,000 employees.Consolidating management in Overland Park will cut travel costs, bring executives closer to the company&#39;s operations and make better use of Sprint&#39;s real estate assets, according to a company statement. The move will require relocation of only a small number of executives, and Sprint will continue to have &quot;a very significant employee presence in Reston,&quot; the company said. Sprint has about 4,400 employees in the Washington, D.C., region and about 13,300 in the Kansas City, Missouri, area, where Overland Park is located.Sprint traces its roots to the Brown Telephone Co., founded in Abilene, Kansas, in 1899, according to the company&#39;s Web site.
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Sprint Nextel has decided to consolidate its two headquarters, eliminating a relic of the merger of Sprint and Nextel Communications in 2005.
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Telecom equipment group Ericsson's  (ERICb.ST) chief financial officer has stepped down in the wake  of a shock profit warning last week which caused a massive  selloff in the company's shares.
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A pair of top executives in charge of the networks division at mobile phone giant Nokia Corp. are leaving the company for personal reasons, the Finnish company said Friday.
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NEW YORK 07:30 EST - It&#39;s official. Sprint and Nextel is becoming &quot;Sprint Nextel&quot; in what is being described this morning by both companies as a &quot;merger of equals.
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Yahoo will reorganize into three new units, as part of a shake-up that will see Chief Operating Officer Dan Rosensweig leave the company.
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SAN FRANCISCO (CBS.MW) - Northwest Airlines CEO Richard Anderson resigned Friday, further shaking-up the industry&#39;s executive ranks amid sector turmoil.
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Paul Otellini, currently president and COO, will replace outgoing chief Craig Barrett in May.
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First it was the CEO -- now the CFO has left, too. What should shareholders be thinking?
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Three senior executives are leaving AOL following a recent shake-up that brought in a veteran NBC executive as the online company's new chief executive, two people familiar with the matter said Friday.
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The proposed $35 billion merger of Sprint Corp. and Nextel Communications could mean changes for Kirkland-based Nextel Partners Inc.
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JP Morgan Chase &amp; Co. on Tuesday shuffled top management at the firm which led to chief financial officer Dina Dublon resigning from the Wall Street giant and investment banking chairman David Coulter being reassigned to control West Coast operations.
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Sprint Nextel Corp  Chief  Financial Officer Paul Saleh and two other senior executives  are leaving the company in a new management shake-up, as the  No. 3 U.S. mobile service grapples with subscriber losses.