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Donahue, who joined Reston-based Nextel in 1996 as presidenf and chief operating officer and took the CEO positiomin 1999, said Tuesday in a statement that it was time for him to "starft cheering Sprint Nextel along from the "I have been a part of the telecommunication industry for more than 20 and while it has been a thrilling journey I am lookin forward to spending time with my our family and our friends," says Donahue, who is 57. Sprintt Nextel (NYSE: S) is based in Reston and has operational headquarters is inOverland Park, Kan. The company says it will announce a new chairman at alater date.
Robert Bennett, president of , was namefd to Sprint Nextel's board effectiv immediately. Englewood, Colo.-based Discoveru Holding (NASDAQ: DISCA) is a holdin company for subsidiary and has a 50 percenr stake inSilver Spring-based . Gary Sprint Nextel's president and CEO, says over the next two and a half monthd he will work with the company's board and other executives to ensures a smooth transition. "We are going to miss Tim's dynamic personality and shrewdbusinese sense, but we wish him all the Forsee says.
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