Sprint is losing more than just customers and profits this year. The struggling US wireless carrier has just lost its CDMA network chief with the resignation of John Garcia.
Sprint Nextel’s CDMA network accounts for the bulk of the company’s bottom line, and it goes without saying that the Sprint side of Sprint Nextel’s operations needs some tender loving care to get out of the red. Garcia’s sudden resignation on Friday leaves Sprint Nextel without captain to guide the wayward ship through rough waters. Sprint says that Keith Cowan, President of strategy and corporate development, will take the helm until a permanent replacement for Garcia can be found.
The resignation of John Garcia might be seen as a positive sign for the ailing Sprint network. The carrier’s current strategy obviously isn’t working, and a new CDMA chief might be just the solution to lead the good-ship Sprint back to profitable waters. Sprint Nextel has undergone some significant leadership changes since CEO Dan Hesse took over control of the company and Garcia’s resignation is just another step in Sprint’s apparent restructuring effort.
No reason was given for Garcia’s Friday resignation.