LatAm-focused operator NII Holdings has split the roles of chairman and CEO. NII’s previous chairman, Steve Shindler, became CEO this month meaning he was in both positions. Now the company has appointed Kevin Beebe to preside over the board as new…
LatAm-focused operator NII Holdings has split the roles of chairman and CEO. NII’s previous chairman, Steve Shindler, became CEO this month meaning he was in both positions. Now the company has appointed Kevin Beebe to preside over the board as new chairman.
The board said it was in the best interests of the company to separate the roles.
Beebe has been an independent member of the board since 2010 and heads up strategic and financial advisory firm 2BPartners. He was previously president of Alltel.
In addition to Beebe, Ricardo Knoepfelmacher – a former CEO of Brasil Telecom – has been appointed to NII’s board as an independent director.
NII is currently in the middle of a strategic turnaround as it looks to exit three of the five markets it operates in, to concentrate on Brazil and Mexico.
It has agreed to sell its Nextel Peru business to Entel and its Chilean and Argentine units are also up for sale. Meanwhile the operator is also pursuing sale and leaseback deals for its Brazilian and Mexican towers.
