Sprint Says Retired Admiral Mullen to Take Board Security Slot

Sprint Nextel Corp. (S) said retired Admiral Mike Mullen will join the board as an independent director following its proposed transaction with SoftBank Corp. (9984), 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.

SoftBank, based in Tokyo, is seeking to show its $20.1 billion deal to take control of Sprint won’t compromise government communications on the U.S. carrier’s network. The company also agreed last month not to purchase network equipment from Chinese manufacturers.

Mullen, 66, was the chairman of the U.S. Joint Chiefs of Staff from 2007 to 2011, the highest rank in the nation’s armed forces.

To contact the reporter on this story: Crayton Harrison in New York at tharrison5@bloomberg.net

To contact the editor responsible for this story: Nick Turner at nturner7@bloomberg.net

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