- Sprint (S) has named Karen Paletta its president of the tri-state New York City/New Jersey/Central Pennsylvania and Delaware region.
- Paletta is a company veteran with nearly two decades leading sales, distribution and operations functions. She'll be responsible for sales strategy, network oversight, customer service, marketing communications and general operations in the region.
- Her turf will be part of the company's new Northeast geographic area, encompassing more than 980 owned for branded Sprint retail stores.
- Shares are rebounding today, +2.6%, from a 7.4% decline yesterday that outpaced the market's drop. So far in 2016, shares are down 14.3%.
- Update: Sprint has named five other regional presidents as part of its reorg.