Changes at the top at Sprint

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OVERLAND PARK, Kan. -- Sprint Corp. announced on Wednesday that its Board of Directors hired Marcelo Claure to be the company's next President and Chief Executive Officer.

Claure, 43, will begin his new role on August 11.

Claure joined the Sprint Board of Directors in January and is the Founder and CEO of Brightstar Corp, formed in 1997.

Sprint says that under Claure's leadership, Brightstar grew from a small Miami-based distributor into a globan business, grossing $10.5 billion in revenue in 2013. Brightstar specializes in the wireless services industry.

Claure succeeds Dan Hesse, who joined Sprint as President and CEO in December 2007 and led the company through a series of acquisitions, including the merger with SoftBank, and a multi-year overhaul of its nationwide network, including the shutdown of the Nextel network.

“I’m proud of the resilience of Sprint’s people during a difficult transformation and I’m optimistic about how they will build on a foundation of innovation to succeed in the future,” Hesse said in Sprint's news release. “It’s been an honor to have led such dedicated teammates for more than six-and-a-half years. Marcelo has been a great addition to Sprint’s Board and his entrepreneurial background, business savvy, industry experience and strong relationship with Masayoshi Son make Marcelo an excellent choice to lead Sprint going forward.”


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