Sprint looked within and Wednesday appointed a new president and COO.
Len Lauer, currently president of Sprint PCS, is now also the carrier’s president and COO. Lauer will hold the three executive positions going forward, leading industry watchers to believe Sprint may recombine its wireline and wireless divisions sooner rather than later.
"While we have no timetable for recombining our tracking stocks, we continue to believe…that a recombination of the stocks is likely at some point," Sprint CEO Gary Forsee said in a press release issued by the carrier.
Since joining Sprint just five years ago, Lauer has held a handful of executive roles including president of Consumer Services Group, president of Sprint Business, president of Global Markets Group, and then in late 2002 he was appointed president of Sprint PCS.
Before joining Sprint, Lauer was president and CEO at Bell Atlantic-New Jersey.
The COO spot has been vacant since April when long-time Sprint executive Ronald LeMay left the carrier. LeMay and former Sprint CEO William Esrey were pressured to leave after the US Internal Revenue Service launched an investigation into the executive’s use of a "questionable" tax shelter.