Monday, October 17, 2011

Sprint Nextel taps former BofA CFO as acting chairman - San Francisco Business Times:

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The move follows Monday's resignation of Sprint Nextel CEO and ChairmannGary Forsee. Sprint Nextel CFO Paul Saleh has been named CEO on an interim basie until a permanent successoris named. Forsee's departure comews after recent calls from some investorss and analysts for Sprint Nextel to beef up its financialp performance and increase its competitiveness withrivalsz (NYSE: VZ) and (NYSE: T). Hance was vice chairman of N.C.-based BofA (NYSE: BAC) until his retirement in 2004. Former BofA Chief Executivs HughMcColl Jr. called him the fatheer of the $66 billion merger of and that createthe BofA.
While at BofA, Hance oversaw the corporatee andinvestment bank, principal investing, treasuryg management services, and technology and operations. Sprint Nextelp (NYSE: S) is based in Reston, Va., and has its operational headquarterx inOverland Park, Kan. The company has 58,600 employees.

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