Sprint’s chief financial officer, who engineered billions of dollars in financing and cost cutting during the company’s cash-strapped years, is being replaced.
Tarek Robbiati will leave the Overland Park, Kansas-based wireless carrier at the end of January. He is being succeeded by Michel Combes, whom Sprint described as “a turnaround strategist who achieves success through a mix of growth and cost management.”
Outsiders say Sprint’s failure to reach a merger with T-Mobile has generated new financial burdens, including increased spending on its network in the face of maturing debts in the next few years.
Robbiati has been the company’s chief financial officer since joining the firm in 2015 in a class of international executives attracted by CEO Marcelo Claure. His exit is the second high-profile departure since merger talks with rival T-Mobile ended in early November. Last month saw Günther Ottendorfer leave his post as Sprint’s chief operating officer for technology.
Combes starts Jan. 6 as Sprint’s president and chief financial officer.
Read more: Kansas City Star