Gary Forsee no longer Sprint CEO

9 Oct 2007 | Financial , Sprint Nextel | 0 comments


After a period of rumors about this subject, Sprint Nextel has officially announced that CEO Gary Forsee is leaving the company. This comes only a year after the resignation of Len Lauer, former COO of Sprint, who decided to leave the company at Forsee's request, who then took over Lauer's responsibilities. Apparently he wasn't doing a good job.

Sprint has assigned CFO Paul Saleh to take over Forsee's job while the board of directors looks for another CEO.

The company also announced that they have lost 337,000 subscribers in the past quarter, which is further proof that things didn't get any better since the acquisition of Nextel 2 years ago.