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Huge Shakeup at Sprint

Stock quotes in this article: S , T , VZ , MOT  

Sprint (S Quote) lays the boom on top management with a big shakeup.

The sputtering No.3 wireless telco says it has replaced three of its top chiefs in its ongoing effort to turn the business around. The move comes less than a week after Sprint's new CEO Dan Hesse announced he was cutting 4,000 workers and closing 125 stores.

CFO Paul Saleh, marketing chief Tim Kelly and sales chief Mark Angelino are out Friday, replaced by acting chiefs William Arendt as CFO, John Garcia as marketing head and Paget Alves as sales chief. ...

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