Sprint waiting for Euteneuer to finish with Qwest merger
By Joann S. Lublin and Shayndi Raice, Dow Jones Newswires
November 12, 2010
Sprint Nextel's appointment of a new finance chief is being delayed while the company's top choice for the job, Qwest's Joseph Euteneuer, waits to see through Qwest's merger with CenturyLink.
The result is that Sprint may not be able to pry Euteneuer away from Qwest until June.
Sprint chief executive Dan Hesse told fellow directors last week that Euteneuer "is the guy (Sprint officials) are interested in," one of the people familiar with the matter said.
Euteneuer, 55, has been Qwest's chief financial officer the past two years.
Sprint hasn't hired Euteneuer because of uncertainty over when CenturyLink's $10.5 billion acquisition of Qwest will close, the person said. Although Euteneuer will be out of a job once the deal is completed, he has expressed a strong desire to see his company though the deal, another person said.
Sprint's board won't approve a pay package for him until it gets "some comfort level as to when he can start," one of the people said.