Insurance Technology Industry News

TMCNet:  Brightstar Corp. Appoints Michael Wolfe SVP, CIO-CTO

[November 13, 2012]

Brightstar Corp. Appoints Michael Wolfe SVP, CIO-CTO

MIAMI, Nov. 13, 2012 /PRNewswire via COMTEX/ -- Brightstar Corp., the world's largest specialized wireless distribution company and leader in diversified services for the wireless industry, today announced that Michael Wolfe, formerly of AMD, will join the company as Senior Vice President, Chief Information Officer and Chief Technology Officer. Mr. Wolfe will replace Rafael Sanchez, who will pursue other opportunities outside of Brightstar.

(Photo: )(Logo: ) Mr. Wolfe brings to Brightstar more than 31 years of engineering and information technology experience. Most recently, he was Senior Vice President and Chief Information Officer at Advanced Micro Devices (AMD). Earlier, he was Vice President of product development and engineering IT at Hewlett-Packard. Prior to HP, he spent more than 24 years at Motorola and Freescale Semiconductor, eventually becoming CIO of Freescale. In 2011, Mr. Wolfe was recognized as the inaugural honoree of the Enterprise CIO Forum's Transformational CIO for his pioneering approach to the strategic use of IT. He graduated from the University of Alabama with a BS in chemical engineering and holds an MBA from the University of Texas.

"Mike is highly regarded as a business innovator and has successfully led transformations in IT to reduce costs and streamline operations," commented R. Marcelo Claure, Brightstar's chairman and chief executive officer. "His considerable experience and talents will help Brightstar to continue strengthening our IT infrastructure and improve efficiencies." Brightstar has had a compound annual growth rate of 35 percent since 1999. It has nearly doubled its total revenue in the last five years. During this period, the company has transitioned from providing primarily distribution and supply chain services to offering a full suite of services including handset protection and insurance, multi-channel retail solutions and device buy-back and trade-in. Today, Brightstar services address the needs of leading wireless manufacturers, operators and retailers worldwide.

About Brightstar Brightstar, headquartered in Miami, Florida, is the world's largest specialized wireless distributor and a leading global services company, serving mobile device manufacturers, wireless operators and retailers, with a local presence on six continents. Brightstar's industry-leading services include value-added distribution, supply chain optimization, handset protection and insurance, buy-back and trade-in solutions and multi-channel retail solutions. Brightstar services help customers increase product availability, expand channel reach and drive supply chain efficiencies by getting the right products to the right place at the right time. Annual revenues exceeded US$5.9 billion for the period ended June 30, 2012. The company is ranked #70 on the Forbes 2011 List of America's Largest Private Companies.

For more information, please visit

SOURCE Brightstar Corp.

[ Back To Insurance Technology's Homepage ]