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NII Holdings Appoints Gokul Hemmady Chief Operating Officer

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Latin American iDEN network operator, NII Holdings which trades as Nextel announced that Gokul Hemmady, the company's executive vice president and chief financial officer, has been appointed as the company's chief operating officer, a newly created position.

Mr. Hemmady will continue to serve as the company's chief financial officer until a successor has been named.

"I am pleased that Gokul will serve in the new role as COO of NII," said Steve Dussek, NII Holdings' chief executive officer. "In his new position, Gokul will build on his leadership role in our business, including his experience heading our finance team and leading a number of key transformational initiatives, as he drives our efforts to improve our performance by implementing action plans to respond to the intense competitive conditions and other challenges we continue to face today. To do that, we have structured his new role so that he is directly engaged in and responsible for the day-to-day operations and results in our markets."

Mr. Hemmady, 51, has served as the company's chief financial officer since 2007, adding the title chief transformation officer in February 2012.

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