Kamis, 20 Desember 2007

Former Sprint CEO is next UM president (AP)

COLUMBIA, Mo. - Former Sprint Nextel Corp. Chief Executive Officer Gary Forsee was chosen Thursday to lead the four-campus University of Missouri.

In a unanimous vote, the university system's leaders chose Forsee, 57, as its 22nd president, according to a university news release. He replaces Elson Floyd, who left in April for the top job at Washington State University.

Forsee is a 1972 graduate of the University of Missouri-Rolla and serves on its board of trustees.

He resigned as chairman, president and CEO of Sprint Nextel, the nation's third-largest wireless carrier, in October and reportedly received a severance of more than $55 million.

Sprint board members and shareholders were unhappy with the company's plummeting stock price and loss of customers since the 2005 merger of Sprint and Nextel.

 
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