Sprint Nextel said Monday that CEO Gary Forsee has stepped down as chairman and chief executive officer effective immediately.
Forsee's departure comes as investors, upset over the company's poor performance, have put pressure on the board of directors to make a change at the top.
The company said Chief Financial Officer Paul Saleh will become acting CEO until the board is able to find a replacement for Forsee. And board member James Hance, Jr., will assume the role as a non-executive chairman of the board, the company said.
Board member Irvine Hockaday said the company is focusing its … Read more