Brightstar Corp. Appoints Thomas Seifert EVP, Chief Financial Officer

  Brightstar Corp. Appoints Thomas Seifert EVP, Chief Financial Officer

Business Wire

MIAMI -- November 29, 2012

Brightstar Corp., the world’s largest specialized wireless distribution
company and leader in diversified services for the wireless industry, today
announced that Thomas J. Seifert has joined the company as executive vice
president and chief financial officer, effective December 1. He replaces
Dennis J. Strand, who has been named president of Brightstar Financial
Services, a new business unit focused on providing innovative financing
solutions for customers worldwide.

Thomas J. Seifert, EVP-CFO, Brightstar Corp. Miami, Florida (Photo: Business
Wire)

Thomas J. Seifert, EVP-CFO, Brightstar Corp. Miami, Florida (Photo: Business
Wire)

A seasoned finance executive with extensive global operations expertise, Mr.
Seifert will manage all aspects of the company’s financial operations,
including corporate accounting, strategic financial planning, income taxes and
corporate treasury, and information technology. He will report to Brightstar
chairman and CEO R. Marcelo Claure.

Prior to joining Brightstar, Mr. Seifert served as chief financial officer and
senior vice president at Advanced Micro Devices (AMD). Earlier, he was CFO and
COO of Qimonda AG and led the company through an initial public offering. He
also worked as group vice president and general manager of the Memory Products
Group at Infineon Technologies AG, as CEO and COO of Wireline Communications
Business Group, and held executive positions at Altis Semiconductor.
Throughout his career, Mr. Seifert has earned a reputation for overseeing
flawless execution on a global scale and creating agile environments.

Mr. Seifert comes to Brightstar at a pivotal time in its history. Since 1999,
the company has had a compound annual growth rate of 35 percent. It has nearly
doubled its total revenue in the last five years. During this period, the
company has transitioned from providing primarily distribution and supply
chain services to offering a full suite of services including handset
protection and insurance, multi-channel retail solutions, device buy-back and
trade-in, and financial services.

“We are excited to have Mr. Seifert join us and lead our finance team, as he
has a proven track record of leading successful financial strategies for
growing global technology companies like ours,” said Mr. Claure. “His
background and experience with an established multibillion dollar organization
are a great fit for Brightstar and will be a plus as we continue to expand our
reach into the wireless ecosystem, seeing and filling gaps in the
marketplace.”

Commenting on his appointment, Mr. Seifert said: “Brightstar is the industry
leader in a rapidly expanding global market, and as CFO I plan to leverage the
company’s success to increase the trajectory of financial performance.”

Mr. Seifert earned an MBA from Friedrich Alexander University, a master’s
degree in economics from Wayne State University, and a bachelor’s degree from
Friedrich Alexander University.

About Brightstar

Brightstar, headquartered in Miami, Florida, is the world’s largest
specialized wireless distributor and a leading global services company,
serving mobile device manufacturers, wireless operators and retailers, with a
presence on six continents. The company’s industry-leading services include
value-added distribution, supply chain solutions, handset protection and
insurance, buy-back and trade-in solutions, multi-channel retail solutions,
and financial services. Brightstar’s annual revenues were US$5.9 billion for
the period ended June 30, 2012. The company is ranked #70 on the Forbes 2011
List of America’s Largest Private Companies. http://www.brightstarcorp.com

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Contact:

Brightstar Corp.
Rosemary Ravinal, 305-921-1134
Director, Public Relations and Communications
Rosemary.Ravinal@brightstarcorp.com
Mobile: 786-879-0693
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