Sprint Corp. on Thursday appointed 30-year telecom industry veteran Michel Combes as the company’s new chief financial officer, beginning Jan. 6. The company said Combes will also be appointed to Sprint’s board of directors at a later date. Most recently Combes served as chief executive officer, and chief operating officer before that, of Altice N.V. . Sprint said current CFO Tarek Robbiati will exit the company Jan. 31 after helping with the transition. Shares of Sprint are down nearly 33% in the trailing 12-months, while the S&P 500 index is up more than 19% and the Dow Jones Industrial Average is up 25%.
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