This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

NII Holdings Appoints Gokul Hemmady Chief Operating Officer

RESTON, Va., June 15, 2012 /PRNewswire/ -- NII Holdings, Inc. [NASDAQ: NIHD], a provider of differentiated mobile communication services operating under the Nextel brand in Latin America, today announced that Gokul Hemmady, the company's executive vice president and chief financial officer, has been appointed as the company's chief operating officer, a newly-created position in which he will be responsible for oversight of the company's business operations across its markets. Mr. Hemmady will continue to serve as the company's chief financial officer until a successor has been named.

(Logo: http://photos.prnewswire.com/prnh/20110919/FL70458LOGO )

"I am pleased that Gokul will serve in the new role as COO of NII," said Steve Dussek, NII Holdings' chief executive officer. "In his new position, Gokul will build on his leadership role in our business, including his experience heading our finance team and leading a number of key transformational initiatives, as he drives our efforts to improve our performance by implementing action plans to respond to the intense competitive conditions and other challenges we continue to face today.  To do that, we have structured his new role so that he is directly engaged in and responsible for the day-to-day operations and results in our markets. Gokul will also lead our efforts to transform how we operate our business as we launch services on our new third generation networks. Having Gokul fill this important role will allow me to fully focus on driving our strategic initiatives, which include launching our new networks, consistent with our goal of achieving sustainable growth and profitability over the long term."

Mr. Hemmady commented, "I look forward to continuing to work with Steve and the rest of the executive team along with our colleagues in our markets in my new role as we work together to transform how we do business and better position NII to execute on our strategic and operational objectives."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,886.46 -89.85 -0.50%
S&P 500 2,077.06 -9.18 -0.44%
NASDAQ 4,923.7950 -23.6460 -0.48%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs