Sprint Corporation gets new CEO Marcelo Claure replacing Dan Hesse
Sprint CEO Dan Hesse is out, and Softbank hopes that Marcelo Claure can breathe new life into what has become an old has-been for the third-largest US carrier.
By Lynn Schindler on August 8, 2014
Well, T-Mobile fans who didn’t want to see the Sprint/T-Mo merger can breathe a sigh of relief: the months-long rumor whispers are now over.
And, with Sprint’s desire to return to its former glory comes a change in leadership. Sources say that former Sprint CEO Dan Hesse is out, with Brightstar Corporation founder and CEO, Marcelo Claure, in the leadership position at Sprint. Dan Hesse served as Sprint CEO for 7 years and was present in Sprint’s leadership during the WiMax transition phase.
Brightstar is a Softbank subsidiary, so Marcelo Claure comes to the driving wheel at Sprint with some management knowledge – despite the fact that he’s never managed a large corporation before. Claure holds a B.S. in Economics and Finance from Bentley University in Massachusetts.
He is the owner of the Bolivar Bolivian soccer team, and under his leadership, Brightstar reported $10 billion in gross revenue in 2013. He is a trustee on the Florida International University Board and has been named a World Economic Forum Young Global Leader. In 2013, Brightstar made it to the Forbes’ list of largest privately-owned companies in the US.
Claure has stepped down from Brightstar and will assume the Sprint CEO position on August 11th. Sprint lost another 330,000 customers last quarter and looks to be uprooted in its customer base by T-Mobile by the end of the year.