Sprint Names a New CEO

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Sprint, which just backed off from its bid to buy T-Mobile, has named a new president and CEO: former Brightstar CEO Marcelo Claure.

Claure, who was a member of Sprint's board, replaces Dan Hesse, who served as president and CEO since 2007. Under Hesse's watch, Sprint merged with Softbank and overhauled its national network. Claure, 43, will start on Aug. 11.

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Claure started Brightstar in 1997 and grew the company from a small Miami-based business to a global entity with $10.5 billion in revenues last year. Brightstar is a unit of Softbank Read more...

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from MashableTodd Wasserman