Monday, December 17, 2007

Sprint Nextel Names Dan Hesse as President and CEO

Sprint Nextel named Daniel R. Hesse, as its new president and CEO, , effective immediately. He previously was chairman, president and CEO of Embarq, which was previously Sprint's Local Telecommunications Division.

Hesse had been chairman and CEO since Embarq's inception in 2006. Prior to the formation of Embarq, he served as CEO of Sprint's Local Telecommunications Division for one year before the spin-off that created Embarq. Hesse previously has spent 23 years at AT&T, including serving between 1997 and 2000 as the president and CEO of AT&T Wireless Services, which was then the United States' largest wireless operator.

Hesse also has joined Sprint Nextel's board of directors.

  • On October 8, Gary Forsee resigned as Sprint Nextel's chairman, president and CEO. In the interim, James Hance, Jr., a member of the Board of Directors, assumed the role of acting non-executive chairman of the Board and Paul Saleh, current CFO, served as acting CEO. Forsee was named CEO of Sprint in 2003, replacing Bill Esrey. Forsee previously served as vice chairman of BellSouth, where he had responsibility for the company's domestic operations.