NII Holdings Names Steve Shindler Chief Executive Officer
RESTON, Va., May 2, 2013
RESTON, Va., May 2, 2013 /PRNewswire/ --NII Holdings, Inc. [NASDAQ: NIHD], a
provider of differentiated mobile communications services operating under the
Nextel brand in Latin America, announced today that its Board of Directors has
appointed Steven M. Shindler to the permanent position of chief executive
officer, effective immediately. Mr. Shindler had been holding the dual role of
chairman of the Board and interim chief executive officer while the Board
conducted an extensive search for a chief executive.
(Photo: http://photos.prnewswire.com/prnh/20130502/FL06249 )
(Logo: http://photos.prnewswire.com/prnh/20110919/FL70458LOGO )
"Having been in the role on an interim basis for several months, I am excited
to serve as NII's CEO permanently and I am fully committed to the continued
success of NII Holdings," Mr. Shindler said. "I will continue to focus my
attention on the build-out of our 3G networks, high-quality subscriber growth,
key financial metrics and providing a quality product and superior customer
experience, all with the goal of driving success for our customers, our
employees and our shareholders. We have a strong brand, a tremendous group of
fully engaged employees and a loyal customer base that expects the best
possible service from us. I am excited to lead this company once again,
working together with our Board and our strong and committed team, to
accomplish many great things."
Mr. Shindler has served as chairman of NII Holdings since 2000 and was the
company's CEO from 2000 to 2008. He served as chief financial officer of
Nextel Communications from 1996 to 2000. Earlier, from 1987 to 1996, Mr.
Shindler was managing director of Toronto-Dominion Bank, where he raised
capital for wireless companies.
"The Board is very pleased that Steve Shindler has agreed to return to the CEO
position on a permanent basis. Upon completing an extensive search for a
permanent chief executive, the Board concluded that Steve had the right
combination of experience, drive and commitment that is necessary for success
in this role," said Carolyn F. Katz, Lead Independent Director on the
company's Board. "During his previous tenure as CEO, Steve oversaw a
restructuring of the company that was followed by a sustained period of
profitable growth. Steve is known for clear decision-making, sound strategic
direction and effective engagement with employees. We appreciate his
willingness to take on this important role and fully support his vision for
In connection with Mr. Shindler's appointment on a permanent basis, the Board
of Directors is considering whether to separate the positions of chairman of
the Board and chief executive officer. Although the Board believes many
factors are relevant to this decision and continues to consider these factors,
the Board currently expects to separate the positions of chairman and chief
executive officer and to appoint a non-executive chairman in the near future.
About NII Holdings, Inc.
NII Holdings, Inc., a publicly held company based in Reston, Va., is a
provider of differentiated mobile communication services for businesses and
high value consumers in Latin America. NII, operating under the Nextel brand
in Brazil, Mexico, Argentina, Peru and Chile, offers fully integrated wireless
communications tools with digital cellular voice services, data services,
wireless Internet access and Nextel Direct Connect^® and International Direct
Connect^SM, a digital two-way radio. NII is a Fortune 500 and Barron's 500
company, and has also been named one of the best places to work among
multinationals in Latin America by the Great Place to Work^® Institute. The
company trades on the NASDAQ market under the symbol NIHD. Visit the company's
website at www.nii.com.
Nextel, the Nextel logo and Nextel Direct Connect and International Direct
Connect are trademarks and/or service marks of Nextel Communications, Inc.,
and are used by NII's subsidiaries under license in Latin America.
Visit NII's news room for news and to access our markets' news centers:
NII Holdings, Inc.
1875 Explorer Street, Suite 1000
Reston, VA. 20190
Investor Relations:Tim Perrott
Media Relations:Claudia Restrepo
SOURCE NII Holdings, Inc.
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