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Sprint new CEO leaves Nokia board

Date: 12/29/2007 10:59:35 PM

Dan Hesse, the newly appointed president and chief executive officer of Sprint Nextel Corp., has resigned as a board member for Nokia.

Dan Hesse has a long and impressive career in the telecommunications industry and this latest step is a great continuation on that path, Jorma Ollila, Nokias chairman, said in a statement. Dan has made an important contribution to the Nokia Board and we will miss his input to the board work.

Hesse previously served as the top executive of Embarq Corp.

Sprint, the nations thirdlargest wireless company, previously had fashioned an agreement with Nokia for a WiMax initiative to create a new nationwide highspeed wireless network.

Nokia, which specializes in wireless phones, other mobile devices and communications networks, is to be a major supplier for Sprints WiMax project. The company also has agreed to develop and market multimedia computers and other electronic devices that are equipped for WiMax services.

At midday, Sprint shares were down 11 cents at $13.25 Embarq was up 20 cents at $49.14.

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