Sprint Merges Consumer and Business Sales Units
Sprint on Friday said that it was undertaking a minor restructuring in order to streamline its operations. Moving forward, consumer sales and business sales will be combined into one unit headed by Chief Sales Officer Paget Alves. Sprint is also consolidating the company's marketing functions under Chief Marketing Officer Bill Malloy. As a result of the business unit consolidations, four executives will leave the company in February.
Samsung Combines Some U.S. Operations
Samsung took several steps today to further streamline operations across its various businesses. In the U.S., Samsung has consolidated the sales organizations of Samsung Electronics America and Samsung Telecommunications America, which oversee distribution of the company's consumer electronics and mobile devices, respectively.
Claure-Appointed Exec to Depart Sprint
Bob Johnson, Sprint's Chief Experience Officer, will leave the company by the end of April. Johnson was in an early batch of new hires made by CEO Marcelo Claure shortly after he took over the struggling carrier in 2014.
Sprint Shuffles Execs, Names New CFO
Sprint today made changes to its top executives and named a new chief financial officer. Sprint appointed Tarek Robbiati to the CFO position, where he replaces Joseph Euteneuer, who will leave the company.
Lenovo to Slash 3,200 Jobs After Motorola Sales Slide
Lenovo today said it plans to reduce its headcount by as many as 3,200, or about 10%, as it looks to reduce expenses. The company reported earnings and said sales across its various business units dropped by 9% during the quarter.
LG Says New V Series Phone Coming Soon
LG today reported its second quarter earnings and took the opportunity to tease a forthcoming handset. LG's mobile business increased revenues 12% from the first quarter to $2.86 billion, but "somewhat slow" sales of its G5 flagship and the associated marketing costs led the unit to a loss of $132 million.