Sprint says CFO to leave in new executive shake-up
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Sprint Nextel Corp  said on Thursday Chief Financial Officer Paul Saleh and two other top executives would leave the company in a new management shake-up as the No. 3 U.S. mobile service grapples with subscriber declines.
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The announcement comes after Sprint last week reported deeper-than-expected customer losses for the fourth quarter and said it would cut about 4,000 jobs in a bid to reduce costs.
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More than two years after the acquisition that formed Sprint Nextel Corp., the nation's third-largest wireless provider is about 80 percent done with weaving the two sides together, the company's chief executive officer said Wednesday.
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First it was the CEO, and now the CFO has left, too. What should shareholders be thinking?
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Sprint named Dan Hesse, the chief executive of the wireline company Embarq, to the post, effective immediately. He will replace Gary Forsee, who was ousted in October.
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The executive who leads Microsoft&#39;s government sales effort is leaving to become CEO of a telecommunications company, the software maker said on Tuesday.
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Sprint Corp. and Nextel Communications Inc. announced this morning that they will merge the companies in a deal that would create a new wireless telecommunications giant.-The Washington Post
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Wireless carrier Sprint Nextel Corp  plans to lay off several thousand employees to prove to investors it is serious about keeping down costs, the Wall Street Journal reported on Monday.
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In its latest move to restructure and shore up its stock, Sprint Nextel yesterday announced the immediate departures of three top executives, including Chief Financial Officer Paul Saleh.
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Two senior executives will leave Dell Inc. in an expanding shake-up in the U.S. computer maker's top management ranks, a published report said Tuesday.
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By DAVID TWIDDY    KANSAS CITY, Mo.  -- Sprint Corp...
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Today Sprint and Nextel Communications announced that their respective boards of directors have approved a merger agreement. The new entity, to be named Sprint Nextel, plans to spin off the existing Sprint land line business after the merger is completed.
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Wireless carrier Sprint Nextel Corp. plans to consolidate its corporate and operational headquarters in Overland Park, Kan.
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Alcatel-Lucent&#39;s head of enterprise systems, Hubert de Pesquidoux, will take on the role of chief financial officer as part of a management shake-up intended to streamline decision-making. The company has suffered from lackluster performance since its formation from the&#160;merger of Alcatel and Lucent Technologies&#160;last December.CEO Patricia Russo announced the changes Wednesday, at the same time&#160;outlining a three-point plan for restoring the company to profitability. The company also reported a third-quarter loss of &#8364;345 million ($492 million) on revenue of &#8364;4.35 billion.Russo will in future be advised by panel of seven senior executives, down from 11 before. Just two of them are former Lucent employees: Cindy Christy, who will add Central and Latin America to her existing responsibility for North American sales, and John Meyer, head of services, a role he held at Lucent.The merging of North America with Central and Latin America in Alcatel-Lucent&#39;s sales structure is part of a broader move to simplify the way the company sees the world, splitting it into just two regions: the Americas, and the rest.Former CFO Jean-Pascal Beaufret is &quot;leaving the company to pursue other opportunities,&quot; but will remain for a short period as he hands over to de Pesquidoux. It wasn&#39;t immediately clear if de Pesquidoux would also remain head of the enterprise systems group or if Alcatel Lucent would seek someone else.De Pesquidoux, a former merchant banker, is also part of the new management team. He used to run Alcatel&#39;s North American operations before taking over the merged company&#39;s enterprise systems division. Although enterprise systems is the smallest of the company&#39;s business units, contributing just &#8364;380 million of its &#8364;4.35 billion revenue last quarter, it is the best performing, with an operating profit margin of 7.6 percent.The remaining members of the management team are Chief Technology Officer Etienne Fouques, head of human resources and communications Claire Pedini, carrier business group head Michel Rahier, and Frederic Rose, who heads up the company&#39;s business in Europe, the Middle East, Africa, and Asia Pacific.Rahier will oversee one of the biggest changes in the company&#39;s product structure, as it eliminates the layer of management that divided the carrier business group into separate wireless, wireline and convergence teams.Other changes ahead for the company include a tighter focus on products to help carriers transform their networks to an all-IP (Internet Protocol) infrastructure, a move from products to value-added services, and a more streamlined organization with fewer staff in support functions to eliminate post-merger duplication.Pedini&#39;s role in human resources is particularly significant as the company prepares to shed a further 4,000 jobs by 2009, having already cut 3,800 in the first half of this year. Her approach is likely to focus on the numbers -- the company hopes the job cuts will save it a further &#8364;400 million -- rather than the people, as she worked for four years as Alcatel&#39;s deputy CFO, only taking on the role of vice president of human resources and communications in January 2006.This article was updated with new information on October 31, 2007.
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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
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Gary Forsee, chief executive of Sprint-Nextel, spoke about efforts to right the companyâs ship.
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The chief exec of SCO will leave once it reorganizes through a deal with Stephen Norris & Co. Capital Partners.