Marcelo Claure Appointed President & CEO of Sprint

  Marcelo Claure Appointed President & CEO of Sprint

                  Ron Fisher Named Brightstar Corp. Chairman

           Arturo Osorio Becomes Brightstar Corp. President and COO

Business Wire

MIAMI -- August 6, 2014

Marcelo Claure was announced today as Sprint’s President and Chief Executive
Officer, effective Monday, August 11, 2014. Claure, who is currently the
Founder & Chief Executive Officer of Brightstar Corp., the world’s largest
wireless distributor and a leader in services to the wireless industry, will
be replacing Dan Hesse.

Marcelo Claure (Photo: Business Wire)

Marcelo Claure (Photo: Business Wire)

Claure is one of the world’s leading wireless executives having founded
Brightstar Corp. approximately 17 years ago and growing it to be the number
one specialized wireless distributor in the world. With a local presence in
approximately 50 countries, Brightstar serves more than 50,000 customers
including the world’s leading mobile OEMs, retailers, and wireless network
operators.

Claure is a very active member of the global wireless and business
communities, including serving as Vice Chairman of Barcelona’s Mobile World
Capital Advisory Board and past member of the CTIA board of directors. In
January of 2014, Claure was appointed to join the Sprint board of directors.

“Marcelo has proven to be a visionary and execution-driven leader capable of
delivering growth and shareholder value,” stated Masayoshi Son, Chairman and
CEO of SoftBank Corp. and Chairman, Sprint Corporation. “The Sprint board is
inspired by Marcelo’s vision for the future of Sprint and strongly supports
him.”

Named a Young Global Leader by the World Economic Forum, Claure is recognized
as a “bold, brave, action-oriented and entrepreneurial individual committing
both time and talent to make the world a better place.” Claure has also been
named CEO of the Year and Entrepreneur of the Year by a number of
organizations. In 2013, Forbes Magazine listed Brightstar as the 55th largest
privately held company in the U.S.

In January 2014, SoftBank Corp. completed a majority investment in Brightstar.
To generate further synergies, SoftBank will be acquiring Claure’s remaining
interest in the Company.

“I very much look forward to moving to the Kansas City metropolitan area and
taking on the challenge of driving one of America’s leading companies,” Claure
said. “The opportunity to leverage Sprint’s history of success and innovation
to create the leading wireless service provider in the U.S., all while
delivering incremental value to our shareholders, is incredibly exciting.”

Claure will be resigning from Brightstar’s board of directors effective August
11, 2014, and Ronald (Ron) Fisher will become the Chairman of the Board of
Brightstar Corp. Ron is a current member of Brightstar Corp’s board and is
also the Managing Partner of SoftBank Capital and Director and President of
SoftBank Holdings, Inc., Vice Chairman of Sprint Corporation, and also a
member of the board of directors of SoftBank Corp.

Upon Claure’s departure from Brightstar, the company will launch a global
search for a CEO. Arturo Osorio will be appointed President and Chief
Operating Officer and in the interim, will report to the Brightstar board of
directors. Osorio has been with Brightstar more than 10 years, most recently
in the role of President, Global Operations.

“Marcelo has done a remarkable job of making Brightstar a global wireless
leader in what it does and I wish him the best at Sprint,” said Osorio. “I
look forward to leading Brightstar as we continue to grow and expand
geographically while diversifying our service lines - so we are always
delivering incremental value to our customers.”

About Brightstar

Brightstar is the world’s largest specialized wireless distributor and a
leading provider of diversified services focused on enhancing the performance
and results of the key participants in the wireless device value chain:
manufacturers, operators and retailers. For more information, please visit
Brightstar.com.

Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20140806005567/en/

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Contact:

Brightstar Corp.
Deb Miller, 305-921-1494
Deb.Miller@brightstar.com
@Brightstar
 
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