Deals
Sprint Says Retired Admiral Mullen to Take Board Security Slot
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Sprint Nextel Corp. said retired Admiral Mike Mullen will join the board as an independent director following its proposed transaction with SoftBank Corp., becoming the designated member overseeing security matters.
Mullen will oversee Sprint’s compliance with an agreement the company made with U.S. government agencies to win approval for the transaction, the company said today in a statement. He’ll also be the government’s main contact on security.