Sprint names Embarq chief as new CEO
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Sprint Nextel Corp  named Embarq Corp  CEO Dan Hesse as its new president and chief executive on Tuesday, hoping the telecom veteran can help the No. 3 U.S. mobile service provider turn around its business.
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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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Sprint Nextel has decided to consolidate its two headquarters, eliminating a relic of the merger of Sprint and Nextel Communications in 2005.After that deal closed, the new company set up its corporate headquarters in Reston, Virginia, which had been the home of Nextel, and established an operational base in Sprint&#39;s home of Overland Park, Kansas. Now it will have just one main office, in Overland Park.The move was widely anticipated as a new CEO, Dan Hesse, took over the troubled operator. Consolidating the networks and corporate cultures of Sprint and Nextel has proved harder than merging them financially, and it has weighed down a company that has enough problems already, according to industry analysts. Sprint is losing subscribers and struggling to distinguish itself as the number-three player in the U.S. behind AT&amp;T Wireless and Verizon Wireless. It is close to a limited launch of its WiMax mobile broadband network but is unlikely to reach its WiMax coverage goal by the end of this year, an executive said Wednesday at the Mobile World Congress in Barcelona.Since Hesse took the helm in December, the company&#39;s top financial, marketing and sales executives have left, and it has announced plans to lay off 4,000 employees.Consolidating management in Overland Park will cut travel costs, bring executives closer to the company&#39;s operations and make better use of Sprint&#39;s real estate assets, according to a company statement. The move will require relocation of only a small number of executives, and Sprint will continue to have &quot;a very significant employee presence in Reston,&quot; the company said. Sprint has about 4,400 employees in the Washington, D.C., region and about 13,300 in the Kansas City, Missouri, area, where Overland Park is located.Sprint traces its roots to the Brown Telephone Co., founded in Abilene, Kansas, in 1899, according to the company&#39;s Web site.
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Sprint Nextel Corp  on Tuesday  named the head of Embarq Corp , its fixed-line spin-off,  as its chief executive, hoping the telecom industry veteran can  turn the No. 3 U.S. mobile service provider around.
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SAP named its first chief technology officer on Wednesday, the latest move to reorganize its executive ranks following theÂ resignationÂ two months ago of Shai Agassi, president of its products and technologies group in the U.S.
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Dan Hesse, who has been running Sprint Nextel's Embarq spinoff since before the company spun it off, has been tapped to take the helm of the larger telco. The appointment is effective immediately; the company's plans for Embarq and the Xohm WiMax initiative are less clear.
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Embarq Corporation, the wireline spinoff from Sprint Nextel, posted a lower quarterly profit on Thursday as it lost phone line customers.
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Game publisher Atari on Monday named board member James Caparro as its new president and chief executive officer. The position was previously held by Bruno Bonnell, chairman and chief creative officer of the New York-based company.
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EMC Corp., the data storage company, named a former executive from rival IBM Corp. on Friday as its chief technology officer.
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The cellphone company, which lost more than a million customers in the last five quarters, named Daniel R. Hesse as chief executive on Tuesday
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(InfoWorld) - McAfee's board of directors on Monday named former EMC executive Dave DeWalt as the security software company's CEO and president. DeWalt, 42, takes the helm of a company tainted byÂ allegations surrounding backdating of stock options by former executives. DeWalt, a 20-year veteran of the technology industry, most recently was executive vice president and president of customer operations for EMC. David Fuller, McAfee's interim president and CEO, will leave that job April 1, the day before DeWalt takes over. Fuller will stay as an advisor to help with the transition and will remain on the board. DeWalt is also expected to be appointed to the board. Fuller stepped in as interim chief in October 2006 following the resignation of George Samenuk as chairman and CEO and Kevin Weiss as president. They left following allegations that they were involved in improperly backdating stock options to McAfee executives. Last week, former McAfee legal counsel Kent Roberts was arraigned on federal fraud charges in relation to his role in the backdating scandal. He pleaded not guilty before a federal judge in San Francisco. Â
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Wireless phone carrier Verizon Wireless on Thursday said it named John Townsend as vice president and chief financial officer of the company, beginning in January.
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(InfoWorld) - Verizon Wireless Inc. President Denny Strigl has been promoted to president and chief operating officer of parent company Verizon Communications Inc., the company announced Tuesday. The chief operating officer position at Verizon Communications is a new one, and Strigl will report to Verizon Chairman and Chief Executive Officer Ivan Seidenberg beginning Jan. 1, the company said. Strigl will have responsibility for all of Verizon's network-based businesses, Verizon Wireless, Verizon Telecom and Verizon Business as well as Verizon Services Operations, which provides financial, real estate and other services to the company. Verizon Vice Chairman and President Lawrence Babbio Jr. announced Dec. 11 that he planned to retire by the end of the first quarter of 2007. Lowell McAdam, currently executive vice president and chief operating officer at Verizon Wireless, will take over as president and chief executive officer of Verizon Wireless. Independent telecom analyst Jeff Kagan called the Strigl promotion a "good move." Under Strigl, Verizon Wireless has offered excellent products and posted strong financial results, Kagan said in an e-mail. "Moving forward, the wireless business will continue to be a stand-alone provider of wireless services, but it will increasingly offer services as part of a larger bundle," Kagan added. "Verizon is growing and changing quickly as the industry does, focusing more on broadband and wireless services for growth." Separately, Verizon Communications named John Stratton, currently vice president and chief marketing officer for Verizon Wireless, to the newly created position of executive vice president and chief marketing officer, responsible for the marketing of all Verizon's business units. Shaygan Kheradpir, currently chief information officer for Verizon Telecom, has been named to the newly created position of executive vice president and chief information officer, responsible for the information technology initiatives of all Verizon's business units. McAdam, Stratton and Kheradpir will report to Strigl, effective Jan. 1. The revised management structure will allow Verizon to focus more effectively on opportunities to grow and strengthen the business, the company said in a press release. As chief operating officer, Strigl will provide a single point of accountability for all business units. Babbio will continue to report to Seidenberg, and he will help with the management transition.
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Wireless operators agree to $35 billion deal to create a new company that will be called Sprint Nextel. By Mobile Pipeline News. The merged company, which the companies positioned as a merger of equals, will be called Sprint Nextel.
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By Channel NewsAsia&#39;s Hong Kong Correspondent Roland Lim. HONG KONG : Standard Chartered Bank has named a new chief executive officer for its Hong Kong operations.
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NORWOOD, Mass. -- Cell phone companies Sprint and Nextel announced a merger Wednesday, creating the nation&#39;s third largest wireless company.
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Dave DeWalt is the new chief executive officer and president for the security software company.