3 Sprint Nextel leaders replaced
From Times Wire Services
Sprint Nextel Corp. Chief Executive Daniel Hesse, in his first month at the helm, replaced the leaders of finance, marketing and sales after the wireless carrier lost more than a million contract subscribers in a year.
Chief Financial Officer Paul Saleh, Chief Marketing Officer Tim Kelly and Mark Angelino, president of sales and distribution, are leaving, the Reston, Va.-based company said.
The departures are the first senior management moves undertaken by Hesse, who became CEO in December. He also plans to dismiss about 4,000 workers and close one-fifth of Sprint’s retail sites to save money after last year’s subscriber losses. Profit has fallen for three straight quarters.