DENNIS STRAND JOINS BRIGHTSTAR AS CFO
Former Motorola Executive to Take Top Finance Position at $3.6 Billion Global Corporation
November 5, 2007 – MIAMI – Brightstar Corp., a global leader in customized distribution and supply chain solutions for the wireless industry, announced the appointment of Dennis Strand as chief financial officer. Strand will lead the corporation’s global financial operations, with revenues of $3.6 billion in 2006 via subsidiaries and strategic business units in 49 countries around the world.
Strand brings over 20 years of experience in corporate finance from his career at Motorola. Prior to joining Brightstar, Strand served as senior vice president of finance for Motorola’s largest business segment, the Mobile Device Business, where he was instrumental in restructuring global information systems, processes and controls for the Fortune 100 company. Prior to this role, Strand was vice president of finance in Motorola’s Mobile Device EMEA region (Europe, Middle East & Africa) and before that served as in Motorola’s Americas Mobile Device division as VP of finance. He has an MBA in international finance from DePaul University and a BS in business administration from the University of Wisconsin.
Strand will have overall responsibility for Brightstar’s global financial organization and will also join the company’s board of directors.
According to R. Marcelo Claure, Brightstar chairman, CEO & president, “We are extremely pleased to bring Dennis to Brightstar. His depth of knowledge of the mobile device and consumer electronics industries, international experience and his vast financial expertise will be instrumental to Brightstar as we continue to create a best in class global organization.”
Brightstar also announced Oscar Fumagali has taken a newly created role as corporate treasurer and cash conversion cycle officer. Fumagali will have global responsibility for managing and streamlining Brightstar’s cash management, inventory management and credit and collections processes as well as overseeing corporate treasury responsibilities.
The appointments are in effect as of November 5, 2007.
Brightstar, with $3.6 billion in revenue in 2006, is a global leader in supply chain and distribution services. The company expects to achieve over $4 billion in sales in 2007.
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About Brightstar
Brightstar Corp. is a global leader in customized distribution and supply chain solutions for the wireless industry. Headquartered in Miami, FL, Brightstar operates sales, distribution and manufacturing facilities in 49 countries on six continents. The company provides solutions to more than 30,000 network operators, MVNOs, retailers, resellers and independent agents around the world, and also represents the world’s leading wireless manufacturers. In 2006, Brightstar generated $3.6 billion in revenue. For more information, visit http://www.brightstarcorp.com.