Sprint Names Dan Hesse CEO
Dan Hesse has been named president and CEO of Sprint Nextel Corporation, replacing Gary Forsee, who submitted his resignation in October. Previously, Hesse was the chairman, president and CEO of Embarq Corporation, Sprint’s land-line venture.
According to their press release:
"Dan Hesse is the right person to lead our company," said board member Irvine Hockaday Jr., who chaired the CEO search committee. "He is a proven leader with deep wireless experience as a chief executive and an established track record of generating strong operating performance.”
Though it may be the third largest wireless company in the nation, competitors AT&T Wireless and Verizon Wireless continue to leave Sprint in their dust as it continues to receive bad marks for customer service and earnings keep falling.
According to Sprint’s non-executive chairman James Hance, "Dan’s mandate is to hone our strategy, improve our ability to serve our customers and execute in the marketplace. I am convinced that under Dan’s leadership we will deliver sustainable results and build shareholder value."
Hesse served as Sprint’s local telecommunications division CEO prior to the formation of Embarq last year. Before that, he spent 23 years at AT&T Inc., which included three years in charge of AT&T Wireless Services. Additionally, Hesse will be a member of Sprint’s board of directors.
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