Timothy Donahue
Encyclopedia
Timothy Donahue was Executive Chairman of Sprint Nextel
. He previously served as president
and chief executive officer
of Nextel Communications Inc. He began his career with Nextel in January 1996 as president and chief operating officer
. On October 10, 2006, Mr. Donahue announced his retirement as Chairman of Sprint Nextel
effective the end of the year 2006.
Nextel experienced record setting financial results under Mr. Donahue's leadership, with nine straight quarters of positive net income
. Since becoming president and CEO of Nextel, he helped build Nextel into a Fortune 200 company; increasing the subscriber base to 16.2 million in 2004 and significantly reducing debt. In 2003 he earned $26.3 million in pay from Nextel and by June 2004 he held 1.8 million Nextel shares.
Before joining Nextel, Mr. Donahue served as northeast regional president for AT&T Wireless Services operations from 1991 to 1996.
Mr. Donahue is one of twelve children.
Sprint Nextel
Sprint Nextel Corporation is an American telecommunications company based in Overland Park, Kansas. The company owns and operates Sprint, the third largest wireless telecommunications network in the United States, with 53.4 million customers, behind Verizon Wireless and AT&T Mobility...
. He previously served as president
President
A president is a leader of an organization, company, trade union, university, or country.Etymologically, a president is one who presides, who sits in leadership...
and chief executive officer
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
of Nextel Communications Inc. He began his career with Nextel in January 1996 as president and chief operating officer
Chief operating officer
A Chief Operating Officer or Director of Operations can be one of the highest-ranking executives in an organization and comprises part of the "C-Suite"...
. On October 10, 2006, Mr. Donahue announced his retirement as Chairman of Sprint Nextel
Sprint Nextel
Sprint Nextel Corporation is an American telecommunications company based in Overland Park, Kansas. The company owns and operates Sprint, the third largest wireless telecommunications network in the United States, with 53.4 million customers, behind Verizon Wireless and AT&T Mobility...
effective the end of the year 2006.
Nextel experienced record setting financial results under Mr. Donahue's leadership, with nine straight quarters of positive net income
Net income
Net income is the residual income of a firm after adding total revenue and gains and subtracting all expenses and losses for the reporting period. Net income can be distributed among holders of common stock as a dividend or held by the firm as an addition to retained earnings...
. Since becoming president and CEO of Nextel, he helped build Nextel into a Fortune 200 company; increasing the subscriber base to 16.2 million in 2004 and significantly reducing debt. In 2003 he earned $26.3 million in pay from Nextel and by June 2004 he held 1.8 million Nextel shares.
Before joining Nextel, Mr. Donahue served as northeast regional president for AT&T Wireless Services operations from 1991 to 1996.
Mr. Donahue is one of twelve children.