Sprint Nextel Announced this morning the retirement of Tim Donahue effective December 31, 2006.
“I have poured my heart and soul into Sprint Nextel and I am confident that the promise of the merger will be realized,” said Tim Donahue. “Instead of being in the thick of the action, it’s time for me to start cheering Sprint Nextel along from the sidelines. I have been a part of the telecommunications industry for more than 20 years and while it has been a thrilling journey, I am looking forward to spending time with my wife, our family and our friends.”
“We are going to miss Tim’s dynamic personality and shrewd business sense but we wish him all the best,” said Gary Forsee, Sprint Nextel’s president and CEO. “Like Tim, I am passionate about the huge potential for the wireless industry and Sprint Nextel’s ability to harness that potential for our customers, employees and shareholders. Over the next two and half months, Tim and I will be working with the Board and the management team to ensure a seamless transition as he retires at the end of this year.”
Robert R. Bennett the former President and CEO of Liberty Media corp has been appointed to the Sprint Nextel board of directors.
“Sprint Nextel will benefit from Dob’s expertise in the communications and entertainment sector as well as his strong financial experience,” said Forsee. “Dob is extremely focused and will bring tremendous industry knowledge and financial acumen to Sprint Nextel. We are pleased to have him join the board.”