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Report: Sprint Nextel mulling CEO ouster

October 5, 2007

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Sprint Nextel Corp. on Thursday said it wasn't commenting on a published report that its board of directors has begun looking to replace Gary Forsee, the company's chairman and chief executive.

The Wall Street Journal, quoting unidentified sources, said in its online editions Thursday afternoon that Sprint Nextel's board quietly had begun talking to industry leaders for a successor and hoped to announce a selection by early December.

Forsee, who took over at the nation's third-largest wireless provider in 2003, has overseen a rocky integration of Nextel Communications Inc., which Sprint bought in August 2005.

Sprint Nextel has its operational headquarters in Overland Park.

Sprint Nextel has steadily lost ground to competitors AT&T Inc. and Verizon Wireless in attracting and retaining customers. The company's stock is down 19 percent from where it was before the purchase.

Comments

toefungus 6 years, 6 months ago

I have spent several days attending meetings at Sprint in Overland Park over the last few years. This company is incredibly wasteful of both capital and human resources. They hire and fire with abandon and lose really good people from disgust over poor management. They have every electronic toy in every room whether there are people using the room (storage) or not. Building are empty, parking garages empty, entire floors furnished and empty. What a pathetic waste. The corporate culture of Sprint seems to be beyond any CEO to control. Sprint is simply a poorly managed company from the DNA on out.

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