Sprint Nextel is Said to Seek a New Chief

Sprint Nextel’s board is seeking a new chief executive to burnish the company’s fortunes both on Wall Street and with investors who have grown increasingly impatient with company’s less-than-stellar performance, according to people apprised of the executive search.

Gary D. Forsee, Sprint’s chief executive who oversaw the company’s merger with Nextel Communications in 2005, has been under pressure from the board to improve the company’s profitability. Analysts have noted that the benefits of the merger have been meager.

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