NII Holdings Inc. (NIHD) a provider of differentiated mobile communication services, Thursday announced the appointment of Steven Shindler to the permanent position of chief executive officer, effective immediately. Shindler had been holding the dual role of chairman of the Board and interim chief executive officer while the Board was on the lookout for a chief executive.
The incoming CEO has served as chairman of the company since 2000 and was the its CEO from 2000 to 2008 and before that, was the chief financial officer of Nextel Communications.
Commenting on the development, Carolyn Katz, Lead Independent Director on the company's Board said, " The Board is very pleased that Steve Shindler has agreed to return to the CEO position on a permanent basis. Upon completing an extensive search for a permanent chief executive, the Board concluded that Steve had the right combination of experience, drive and commitment that is necessary for success in this role...During his previous tenure as CEO, Steve oversaw a restructuring of the company that was followed by a sustained period of profitable growth."
The company further said it currently expects to separate the positions of chairman and chief executive officer and to appoint a non-executive chairman in the near future.
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