Former Sprint CEO Is Next UM President
posted 2:03 pm Thu December 20, 2007 - 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.
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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