Institutional Investor Magazine Selects Sprint's Robert Brust as One of America's Best CFOs
OVERLAND PARK, Kan.. --Robert Brust, chief financial officer for Sprint (NYSE: S), has been selected as one of "America's Best Chief Financial Officers" by Institutional Investor magazine. Brust will be honored on the New York Stock Exchange Trading Floor on June 9, 2010 at the Corporate Financial Executive Summit. The honorees were selected by portfolio managers and buy-side equity analysts that chose the top-performing CFOs in more than 90 industries and across 15 sectors.
"I am truly honored by and grateful for this recognition," Brust said. "I would like to thank Institutional Investor for this award, in addition to everyone on my team and at Sprint, as this demonstrates the strides Sprint is making."
Since becoming Sprint's chief financial officer two years ago, Brust has created a culture that is extremely cost conscious and aligns all company finances with corporate priorities. As a result of his focus on cutting costs, conserving cash and meeting financial expectations, Sprint has implemented financial policies which resulted in $2.8 billion in free cash flow in 2009, the highest in Sprint Nextel history, despite the challenging economic climate.
Prior to joining Sprint, Brust previously served as chief financial officer and executive vice president of Eastman Kodak Company from January 2000 until February 2007, when he retired from the company. Prior experience includes nearly three years as CFO of Unisys and 31 years in various positions at General Electric.
About Sprint Nextel
Sprint Nextel offers a comprehensive range of wireless and wireline communications services bringing the freedom of mobility to consumers, businesses and government users. Sprint Nextel is widely recognized for developing, engineering and deploying innovative technologies, including two wireless networks serving more than 48 million customers at the end of the fourth quarter of 2009 and the first 4G service from a national carrier in the United States; industry-leading mobile data services; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. The company's customer-focused strategy has led to improved first call resolution and customer care satisfaction scores. For more information, visit www.sprint.com.
"I am truly honored by and grateful for this recognition," Brust said. "I would like to thank Institutional Investor for this award, in addition to everyone on my team and at Sprint, as this demonstrates the strides Sprint is making."
Since becoming Sprint's chief financial officer two years ago, Brust has created a culture that is extremely cost conscious and aligns all company finances with corporate priorities. As a result of his focus on cutting costs, conserving cash and meeting financial expectations, Sprint has implemented financial policies which resulted in $2.8 billion in free cash flow in 2009, the highest in Sprint Nextel history, despite the challenging economic climate.
Prior to joining Sprint, Brust previously served as chief financial officer and executive vice president of Eastman Kodak Company from January 2000 until February 2007, when he retired from the company. Prior experience includes nearly three years as CFO of Unisys and 31 years in various positions at General Electric.
About Sprint Nextel
Sprint Nextel offers a comprehensive range of wireless and wireline communications services bringing the freedom of mobility to consumers, businesses and government users. Sprint Nextel is widely recognized for developing, engineering and deploying innovative technologies, including two wireless networks serving more than 48 million customers at the end of the fourth quarter of 2009 and the first 4G service from a national carrier in the United States; industry-leading mobile data services; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. The company's customer-focused strategy has led to improved first call resolution and customer care satisfaction scores. For more information, visit www.sprint.com.
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