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Sprint Nextel names chief

From Times Wire Services

Sprint Nextel Corp. named Dan Hesse, chairman and chief executive of wire line company Embarq Corp., its new president and CEO.

Hesse, who has led Overland Park, Kan.-based Embarq since Sprint spun it off as a separate company a year and a half ago, replaces Gary Forsee, who was ousted from the nation’s third-largest wireless provider in October after several quarters of falling subscriber numbers and other operational troubles.

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