Home » CEOs in the News » New Sprint CEO Brings Game and Spirit to Wireless Firm

New Sprint CEO Brings Game and Spirit to Wireless Firm

New Sprint CEO Marcel Claure could have the drive—and the connections—to help Sprint stay in the wireless game, according to one industry observer.

Sprint Chairman Masayoshi Son on Wednesday named the the Bolivian-born billionaire to head the third-largest wireless company in the U.S. Claure, 43, is a known quantity to Son, who is also CEO and chairman of Softbank, which owns Sprint.

Softbank had already invested in the Miami-based Latin American wireless distribution firm Brightstar, which Claure founded in 1997 and grew to $10.5 billion in revenue last year, doing business in more than 125 countries. Softbank will now purchase Claure’s Brightstar shares, growing its majority stake to 90.8%.

Read more: USA Today

About Chief Executive

Chief Executive magazine (published since 1977) is the definitive source that CEOs turn to for insight and ideas that help increase their effectiveness and grow their business. Chief Executive Group also produces e-newsletters and online content at chiefexecutive.net and manages Chief Executive Network and other executive peer groups, as well as conferences and roundtables that enable top corporate officers to discuss key subjects and share their experiences within a community of peers. Chief Executive facilitates the annual “CEO of the Year,” a prestigious honor bestowed upon an outstanding corporate leader, nominated and selected by a group of peers, and is known throughout the U.S. and elsewhere for its annual ranking of Best & Worst States for Business. Visit www.chiefexecutive.net for more information.