Sprint Names New Finance Chief
29 Junio 2018 - 11:36AM
Noticias Dow Jones
By Nina Trentmann and Tatyana Shumsky
Sprint Corp. has named Andrew Davies, a veteran European
telecommunications executive, as its new chief financial
officer.
Mr. Davies most recently was finance chief at Amsterdam-based
telecommunications firm Veon Ltd., a role he has held for four
years. Before that, he spent over a decade with Vodafone Group
PLC.
Mr. Davies succeeds Michel Combes, who was promoted as chief
executive of the Overland Park, Kansas, telecom in May. He joined
the company in January as CFO ahead of the announcement of the $26
billion merger with T-Mobile US Inc. Mr. Combes was previously
chief executive at Altice NV, a Netherlands-based
telecommunications company.
"Andrew has significant experience in the telecommunications
industry here in America and around the world, making him an
invaluable addition to Sprint's leadership team," Mr. Combes said
in a statement. "He has helped to lead companies through
transformational periods and is the perfect fit to strengthen our
leadership team for the next phase of our transformation."
Mr. Davies' appointment comes at a vulnerable juncture for
Sprint. Executive Chairman Marcelo Claure on Thursday defended its
merger plans, telling Congress that the No. 4 wireless provider in
the U.S. has struggled to break even.
At Veon, Mr. Davies oversaw the introduction of new finance and
back-office systems, improve the transparency of the company
formerly known as VimpelCom Ltd. The Amsterdam-based renamed itself
in 2017 after it agreed to pay a fine to U.S. and Dutch regulators
to settle allegations that it violated the Foreign Corrupt
Practices Act by paying bribes to a government official in
Uzbekistan.
He made changes to the company's debt structure by extending
maturities and adjusting the currency mix. During his tenure, Veon
spent over $50 billion on mergers, acquisitions and other
transactions.
At Vodafone, Mr. Davies served as CFO for the Verizon Wireless
business unit -- at the time a joint venture between Verizon
Communications Inc. and Vodafone -- and for Vodafone's India and
Turkey entities.
Write to Nina Trentmann at Nina.Trentmann@wsj.com and Tatyana
Shumsky at tatyana.shumsky@wsj.com
(END) Dow Jones Newswires
June 29, 2018 12:21 ET (16:21 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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