Hesse is to replace Gary Forsee, who was ousted from the U.S.'s third-largest wireless provider in October following several quarters of falling subscriber numbers and other operational troubles, the AP reports.
James H. Hance, the company's non-executive chairman, said "Sprint Nextel is a company with a strong set of assets, but clearly we must improve execution across the board. Dan's mandate is to hone our strategy, improve our ability to serve our customers and execute in the marketplace."
Between 1997 and 2000, Hesse served as the president and CEO of AT&T Wireless Services, which was then the U.S.'s largest wireless operator.
Hesse will have a full plate waiting for him at Reston, Virginia-based Sprint, which has fallen far behind rivals Verizon Wireless and AT&T in attracting and retaining customers. He will also have to decide whether to continue a planned commercial rollout next year of the company's Xohm-branded WiMax service, a brainchild of Forsee's that has been viewed by some critics as too expensive and several years away from making money.
Sprint shares rose 19 cents to $14.10 in premarket trading.
The discovery of the submarine has unveiled a few "inconsistencies." For example, how can one explain the fact that the sub was found where it needed to be searched for from the start?
When on a state visit to Singapore, Russian President Vladimir Putin promised to revisit the discussion of the 1956 Declaration between the USSR and Japan regarding the issue of the peace treaty with Japan
The TurkStream, which runs along the bottom of the Black Sea from Russia's Anapa to Turkey, will consist of two lines, each with a capacity of 15.75 billion cubic meters of gas a year