NII Holdings Announces Changes To Executive Management Team
RESTON, Va., Dec. 16, 2013
RESTON, Va., Dec. 16, 2013 /PRNewswire/ -- NII Holdings, Inc. (NASDAQ: NIHD),
a provider of differentiated mobile communication services operating under the
Nextel brand in Latin America, today, announced changes to its management
team, effective immediately. Peter Foyo, formerly President of Nextel Mexico,
will become Executive Vice President of Business Development for NII Holdings,
based at the company's headquarters in Reston, Virginia. John McMahon will
act as Interim President of Nextel Mexico while the company conducts a search
for a permanent replacement for Mr. Foyo. Mr. McMahon will also continue in
his current role as Executive Vice President, Southern Cone, responsible for
the company's operations in Argentina and Chile. In addition, David
Truzinski, currently Chief Information Officer, will take on the additional
role of Chief Digital Officer of the company where he will be responsible for
developing strategies to enhance its customers' digital experience and allow
the company to engage with its customers more effectively across the digital
"The changes we are making to our management team are all part of our broader
strategy to position our company to drive profitable growth," said Mr.
Shindler, Chief Executive Officer of NII Holdings. "Peter Foyo has been a key
leader in our business, running the Mexico operation for 15 years and building
the business from a start-up operation, to one that serves over 3.5 million
subscribers and generates approximately $2 billion in annual revenues. I look
forward to working with Peter to help us identify and pursue new opportunities
that support our growth strategy."
Mr. Shindler added, "John McMahon has also been an integral part of our
executive leadership team at NII for 14 years and has extensive knowledge of
our operations having served as our Executive Vice President of Operations and
most recently as our Executive Vice President of Southern Cone, overseeing our
operations in Argentina and Chile. With his strong leadership skills and
knowledge of operational best practices, I am confident that John will lead
the Mexico organization successfully as we pursue our growth goals for 2014."
"In his additional role as Chief Digital Officer, Dave Truzinski will lead a
more coordinated and comprehensive digital strategy for our organization
designed to expand and deepen our connection with our customers. His
cutting-edge thinking, background and expertise will help us drive even
greater innovation in this arena," said Shindler.
AboutNII Holdings, Inc.
NII Holdings, Inc., a publicly held company based inReston, Va., is a
provider of differentiated mobile communication services for businesses and
high value consumers inLatin America. NII, operating under the Nextel brand
inBrazil,Mexico,ArgentinaandChile, 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 andBarron's500
company, and has also been named one of the best places to work among
multinationals inLatin Americaby theGreat Placeto Work^®Institute. The
company trades on the NASDAQ market under the symbol NIHD. Visit the company's
website at www.nii.com.
Nextel, theNextellogo and Nextel Direct Connect and International Direct
Connect are trademarks and/or service marks ofNextel Communications, Inc.,
and are used by NII's subsidiaries under license inLatin America.
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Safe Harbor Statement
This news release contains "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. Statements in this news
release regarding expectations, including forecasts regarding operating
results, performance assumptions and estimates relating to restructuring costs
and capital requirements, as well as other statements that are not historical
facts, are forward-looking statements.When used in this press release, these
forward-looking statements are generally identified by the words or phrases
"would be," "will allow," "expects to," "will continue," "is anticipated,"
"estimate," "project" or similar expressions. While the Company provides
forward-looking statements to assist in the understanding of its anticipated
future financial performance, the Company cautions readers not to place undue
reliance on any forward-looking statements, which speak only as of the date of
this report. Forward-looking statements are based on current expectations and
assumptions that are subject to significant risks and uncertainties that could
cause actual results to differ materially from those in the forward-looking
statements. Except as otherwise required by law, the Company undertakes no
obligation to publicly release any updates to forward-looking statements to
reflect events after the date of this report, including unforeseen events. We
have included risk factors and uncertainties that might cause differences
between anticipated and actual future results in the Company's Annual Report
on Form 10-K for the fiscal year ended December 31, 2012, as well as in other
reports filed from time to time with the Securities and Exchange Commission.
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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