Sprint CEO Gary Forsee Steps Down
October 9, 2007
Sprint Nextel announced today that Gary Forsee is stepping down as the company’s chairman, president, and CEO. A committee of the board of directors has been formed to search for a new CEO and chairman. In the interim, Paul Saleh (Sprint’s current CFO) will serve as company CEO, and James Hance will serve as president.
In the official press release, Sprint told the public that they would like to thank Gary for his service and proceeded to kick him to the ground. It appear from the release that Forsee was forced out because the board felt like they needed new leadership to move forward.
I guess we’ll see how it works out, Sprint definitely needs to change something to do better in the mobile phones market - they’ve been struggling for quite some time.
