management changes: October 2007 Archives

AT&T Inc. announced that Stan Sigman, president and chief executive officer, AT&T Mobility, will retire after 42 years with the company. Ralph de la Vega, group president-Regional Telecom & Entertainment, was named president and CEO, AT&T Mobility, replacing Sigman, effective immediately. Sigman will assist with the transition through year-end.

“Stan is one of the industry’s most outstanding and accomplished leaders,” says AT&T Chairman and CEO Randall Stephenson, noting that Sigman was instrumental in growing the business.

Lucy Hood, CEO of Jamba and President of Fox Mobile Entertainment, announced her resignation today. She says that she’s eager to pursue more entrepreneurial venturesJamba COO Lee Fenton will assume her

Hood, who has been with News Corp. for more than a decade, helped launch Fox Mobile Entertainment in 2005, leading a team responsible for such wireless firsts as text voting on American Idol, inventing the Mobisode short movies specifically made for the mobile phone - and offering the first sponsored video content in the United States.

Sprint Nextel announced today that Gary Forsee is stepping down as the company’s chairman, president and chief executive officer (CEO), effective immediately. A committee of the Sprint Nextel Board of Directors has been formed and is conducting the search for a new CEO.

It has been reported that the company is struggling to compete with its rivals. Sprint Nextel expects to report a net loss of 337,000 monthly subscribers in the recently completed third quarter and revised its full year profit and revenue projection downwards.