SoftBank appoints Claure as COO, executive chairman of Sprint

News Wireless United States 3 MAY 2018
SoftBank appoints Claure as COO, executive chairman of Sprint

SoftBank Group has appointed Sprint CEO Marcelo Claure as its chief operating officer. Claure has also been named chief executive officer of SoftBank Group International and will serve as executive chairman of Sprint, to lead its planned merger with T-Mobile. 

In his new management role at SoftBank, Claure will work closely with chairman Masayoshi Son and head of investments Rajeev Misra in managing the operations of SoftBank’s increasingly global portfolio of companies. Claure will be responsible for ensuring that all group companies and investments are meeting the financial and operating objectives, as well as managing group synergies and transformations. In addition, he will be responsible for leading global government affairs. Claure will also be in charge of SoftBank’s ongoing investment in Sprint and the combined Sprint / T-Mobile company.

Sprint has also announced that Claure will become executive chairman, which is expected to by 31 May. In his new role at Sprint, Claure will work closely with Michel Combes, who will take over as CEO, to guide Sprint’s strategy and its planned combination with T-Mobile until the closing of the proposed merger. During this time, Claure will split his time between SoftBank and Sprint. Following the close of Sprint’s merger with T-Mobile, both Claure and Son will remain on the board of directors of the newly formed company.

Claure currently serves as CEO of Sprint, and is also a member of the board of directors of SoftBank Group, a member of the board of directors of Arm, and chairman of CTIA – The Wireless Association. Prior to Sprint, Claure started his first business – a small retailer of wireless phones – in 1994 and, in 1997, founded the distributor Brightstar.

Categories:

Mobile

Companies:

Sprint,  T-Mobile,  Brightstar,  Softbank

Regions:

Global

Countries:

United States

Tags:

Officers & directors

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