Sprint seeking CEO?

Another company rumoured to be having chief executive troubles this week is WiMAX pin up Sprint Nextel.

Apparently, Sprint’s board is keen to draw up a job ad for the CEO position after existing chief Gary Forsee’s failure to ramp up profitability.

Since the 2005 merger of Sprint and Nextel, there has been some shareholder discord as Sprint failed to keep up with rivals Verizon Wireless and AT&T in terms of growing subscriber numbers.

A move to replace the CEO could also have knock on effects on Sprint’s multi billion dollar WiMAX network, being built in conjunction with Clearwire.

Rebel shareholder Ralph Whitworth, who has been building his stock pile and is seeking a seat on Sprint’s board, is publicly opposed to Sprint’s fascination with WiMAX, saying it detracts from the operator’s core business.