Financial Times FT.com

Activist investor joins Sprint board

By Francesco Guerrera and James Politi in New York

Published: February 11 2008 22:01 | Last updated: February 12 2008 19:05

Ralph Whitworth, the activist investor, is joining the board of Sprint Nextel, a move that gives him a bigger platform to put pressure on management to improve the performance of the struggling US telecoms group.

Mr Whitworth’s investment firm, Relational Investors, owns a stake of about 2 per cent in Sprint. The company’s new chief executive Dan Hesse has been keen to avoid a public confrontation with the investor.

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