Robert H. Smith School of Business
The Motley Fool

Market Foolery Featured Podcasts

  • MarketFoolery 11.25.2014
    Tiffany hits an all-time high.  Campbell's Soup rises on surprising profits.  Plus we discuss the importance of Black Friday and first-hand experience with Jack-In-The-Box's late night menu.
  • MarketFoolery 11.24.2014
    Motley Fool Funds analyst Bill Barker returns from Dubai to discuss the local investing scene, China lowering interest rates, Europe’s monetary policy, and (of course) coffee.
  • MarketFoolery 11.20.2014
    James Early returns from his trip to discuss China’s economy, investing in A shares, and why visitors should explore the country off the beaten path.
Capital Business
Posted at 05:31 PM ET, 12/13/2012

NII Holdings CEO steps down one month after layoffs

Steven P. Dussek has stepped down as chief executive of Reston-based NII Holdings about a month after the firm announced it would reduce the headcount at its headquarters by 20 percent.

He will be replaced on an interim basis by Steven M. Shindler, who has served as chairman of the board of directors since 2000. Shindler was also the company’s CEO between 2000 and 2008.

A news release from the company only states Dussek departed “to pursue other opportunities.”

NII Holdings sells Nextel phones and telecommunications services in many countries across Central and South America, including Brazil, Mexico, Peru, Argentina and Chile.

Last month, executives said the company would terminate or relocate 20 percent of its local workforce. The firm has previously said it employs 330 people in the Washington region.

A spokeswoman did not return a call seeking comment. The company plans to provide more details during an earnings call in February, according to a news release.

Follow Steven Overly on Twitter: @StevenOverly

By  |  05:31 PM ET, 12/13/2012

 
Read what others are saying
     

    © 2011 The Washington Post Company