SoftBank Names Marcelo Claure Chief Operating
Officer of SoftBank Group Corp. Claure to also serve as Chief Executive Officer of SoftBank Group International,
Claure has been elevated to Executive Chairman of Sprint
May 3, 2018
SoftBank Group Corp.
SoftBank Group Corp. (“SoftBank”) today announced the appointment of Marcelo Claure as Chief Operating Officer of SoftBank Group Corp. and Chief Executive Officer of SoftBank Group International. Mr. Claure will also serve as Executive Chairman of Sprint, one of SoftBank's largest portfolio companies, and continue to serve as a Director at both Sprint and SoftBank.
In his new management role at SoftBank, Mr. Claure will work closely with Masayoshi Son and Rajeev Misra in managing the operations of SoftBank's increasingly global portfolio of companies. Mr. 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. Mr. Claure will also be responsible for SoftBank's ongoing investment in Sprint and the combined Sprint / T-Mobile company.
“Marcelo has been a close and trusted advisor for many years and, after watching him at Brightstar and Sprint, I can say he is an entrepreneur and operator unlike any other. His energy, integrity, global mindset and leadership skills will provide tremendous value to SoftBank,” said Masayoshi Son, Chairman and CEO of SoftBank Group Corp. “Marcelo has done a remarkable job in turning around Sprint, which in fiscal year 2017 delivered the best financials in the Company's history, and has positioned the Company as the true leader in the race to 5G, and he has fulfilled my original vision of combining Sprint with T-Mobile to create a company that will drive American leadership in mobile communications. I am very happy Marcelo will be joining our team here at SoftBank.”
“After having the pleasure of working with Masa and the SoftBank team in my role at Sprint and as a Board member at SoftBank, I am thrilled to now have the opportunity to expand our relationship as a member of SoftBank's executive leadership team,” said Marcelo Claure. “I look forward to continuing to work with the Sprint Board and management team on our turnaround and planned integration with T-Mobile. Both SoftBank and Sprint are fully committed to delivering American consumers the world's best and fastest 5G network and together with T-Mobile we intend to fulfill that vision.”
Sprint, one of SoftBank's largest portfolio companies, also today announced that Mr. Claure will become Executive Chairman, which is expected to occur on or before May 31, 2018. In his new role at Sprint, Mr. 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, Mr. Claure will split his time between SoftBank and Sprint. Following the close of Sprint's merger with T-Mobile, both Mr. Claure and Masayoshi Son will remain on the Board of Directors of the newly formed company.
- Releases, announcements, presentations and other information available from this page and elsewhere on this website were prepared based on information available and views held at the time of preparation and speak only as of the respective dates on which they are filed or used by SoftBank Group Corp. or the applicable group company, as the case may be. Such information is subject to change and may become out-of-date. Such information may also contain forward-looking statements which are by their nature subject to various risks and uncertainties that may cause actual results and future developments to differ materially from those expressed or implied by such statements. Please read legal notices in its entirety prior to viewing any information available on this website.