Update 2: Telstra Announces Departure of CEO
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Australia&#39;s largest listed company, telecommunications giant Telstra Corp., announced Wednesday that its chief executive will stand down by July 2005 - two years before his contract ends.
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Richard Notebaert, who is 59, announces his retirement as chief executive and chairman of the telecom giant.
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Tough times continue at Sprint Nextel, as the company said Thursday that three of its top executives are on their way out.CFO Paul Saleh, Chief Marketing Officer (CMO) Tim Kelly, and President of Sales and Distribution Mark Angelino will leave the company on Friday, according to Sprint Nextel. It wasn&#39;t clear if the executives were leaving voluntarily or were being let go, and company spokeswoman Leigh Horner said in an e-mail that Sprint Nextel isn&#39;t &quot;commenting further or characterizing the nature of these departures.&quot;In a press statement, Sprint Nextel President and CEO Dan Hesse thanked the three for their &quot;dedication and contributions&quot; to the company, and wished them luck in future endeavors.Sprint Nextel is looking to replace the departing executives permanently, but in the meantime their duties are being handled by existing executives.William G. Arendt, currently senior vice president and controller of Sprint Nextel, will serve as acting CFO, while John Garcia, currently senior vice president, product development and management, will serve as acting CMO. Paget Alves, currently Sprint Nextel&#39;s regional president for sales and distribution, will serve as acting president, sales and distribution. All of these executives will report directly to Hesse.The news of the executive shake-up follows the announcement last week that&#160;Sprint would be laying off 4,000 employees and the close 125 of its 1,400 retail outlets&#160;due to the net loss of more than 100,000 customers in the fourth quarter of 2007. At the end of the year, Sprint said it had 53.8 million subscribers, including 40.8 million customers of its traditional post-paid service.The company plans to announce its full fourth-quarter results on Feb. 28.While Sprint struggles, rival carrier&#160;AT&amp;T seems to be doing better, thanks to its partnership as the&#160;exclusive service provider for Apple&#39;s iPhone&#160;device. AT&amp;T&#39;s revenue was up 2.9 percent in the fourth quarter of 2007, largely driven by increases in mobile phone and broadband customers, the company announced Thursday.AT&amp;T saw a net gain of 2.7 million mobile subscribers during the quarter, and most of them came to the company through its iPhone partnership, the company said. Apple said Tuesday it sold 2.3 million iPhones during the quarter.
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Smart Telecom has appointed Ciaran Casey to the position of Chief Operating Officer at the company.
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PARIS  - The chief executive of telecom company Equant, Daniel Caclin, resigned, the company said, signalling that he would be replaced by a top Thomson executive close to the head of Equant&#39;s parent group, France Telecom.
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update Craig Conway has been fired as president and chief executive officer of PeopleSoft and will be replaced by founder Dave Duffield, the company said Friday.
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Richard Notebaert, who took over as head of Qwest Communications as the telecommunications company coped with an accounting scandal, said Monday he will retire as chairman and chief executive officer.
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Pieter Knook, head of Microsoft's mobile phone group, is leaving to join the UK's Vodafone.
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The chief executive of telecom company Equant, Daniel Caclin, resigned, the company said, signalling that he would be replaced by a top Thomson executive close to the head of Equant's parent group, France Telecom.
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Sky Dayton, the founder and chief executive of Helio LLC, is stepping down as CEO to become chairman of the youth-oriented cell-phone provider.
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MARK COLVIN: To Telstra, and a question that may go even deeper than the long-running one about whether it should be privatised. Can the carrier remain as a single giant company, complete with a monopoly on
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Telstra Corp., Australia&#39;s biggest phone company, will next year begin cutting the number of workers among its 4,500 middle managers, spokesman Michael Grealy said.
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Singapore Telecommunications has named its veteran finance chief Chua Sock Koong, who also heads the international operations of Southeast Asia's biggest telecom firm, as its new CEO.
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The retailer's CEO steps down amid a shakeup in operations.
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Motorola Inc. MOT.N 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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Telstra Corp., Australian communications giant, announced the resignation of its CEO Ziggy Switkowski that will take place by July 1, 2005, at the latest, as the company prepares for the completion of its privatization.
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U.S. mobile operator Sprint Nextel has appointed Dan Hesse as president and CEO. He replaces Gary Forsee, who resigned in October.