Fared Adib, a 12-year veteran of Sprint who was tapped by SoftBank
to lead a new initiative last fall, has resigned from the Overland
Park, Kansas-based company, according to an internal memo obtained
"Fared has been serving on assignment as a senior executive with
Sprint, SoftBank and Brightstar to explore the possibility of
establishing a new buying entity," the memo said.
"Having completed that assignment, Fared has decided to take this as
an opportunity to pursue the next challenge. We look forward to
hearing more about his plans in the near future."
David Owens, an executive in Sprint's product development unit, will
succeed Adib, according to the memo.
Sprint did not respond to multiple calls and e-mails seeking
Adib joined Sprint in 2002 and served in several positions. In 2008,
he was named senior vice president of product development and
operations where he oversaw several important product launches,
including the introduction of the original EVO, the iPhone, and 4G
He could not be immediately reached for comment on Saturday.
Although executives at SoftBank, a Japanese telecommunications
company, insist their post-acquisition priority is to bolster
Sprint's wireless service, not to implement any sweeping personnel
change, a number of top executives have left the U.S. company since
the $21.6 billion deal was approved last year.
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In October, Sprint announced the departure of its chief sales
officer and the retirement of its chief marketing officer.
SoftBank's billionaire chief executive, Masayoshi Son, has
repeatedly expressed his desire to make his company the biggest
mobile-related corporation in the world and has said additional
consolidation of the U.S. market is necessary.
Soon after SoftBank's purchase of Sprint closed last summer, the
Japanese company entered talks to buy T-Mobile US Inc, according to
sources familiar with the matter.
(Editing by Cynthia Osterman)
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