Exclusive: Fared Adib, senior Sprint executive, departing - memo

Sat Mar 1, 2014 3:50pm EST
 
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By James B. Kelleher and Carey Gillam

(Reuters) - Another senior executive is leaving Sprint Corp, the U.S. wireless company that has seen several key leaders exit since it was acquired last year by Japan's SoftBank Corp (9984.T).

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 by Reuters.

"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 comment.

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 LTE devices.

He could not be immediately reached for comment on Saturday.   Continued...

 
Product Chief at Sprint, Fared Adib (L) watches on as Motorola Senior Vice President of Product Development, Alain Mutricy speaks at the launch of the Motorola PHOTON 4G Summer and the Motorola TRIUMPH Virgin Mobile Summer in New York June 9, 2011. REUTERS/Andrew Kelly