Welcome!

News Feed Item

Brightstar Corp. Appoints Thomas Seifert EVP, Chief Financial Officer

Brightstar Corp., the world’s largest specialized wireless distribution company and leader in diversified services for the wireless industry, today announced that Thomas J. Seifert has joined the company as executive vice president and chief financial officer, effective December 1. He replaces Dennis J. Strand, who has been named president of Brightstar Financial Services, a new business unit focused on providing innovative financing solutions for customers worldwide.

Thomas J. Seifert, EVP-CFO, Brightstar Corp. Miami, Florida (Photo: Business Wire)

Thomas J. Seifert, EVP-CFO, Brightstar Corp. Miami, Florida (Photo: Business Wire)

A seasoned finance executive with extensive global operations expertise, Mr. Seifert will manage all aspects of the company’s financial operations, including corporate accounting, strategic financial planning, income taxes and corporate treasury, and information technology. He will report to Brightstar chairman and CEO R. Marcelo Claure.

Prior to joining Brightstar, Mr. Seifert served as chief financial officer and senior vice president at Advanced Micro Devices (AMD). Earlier, he was CFO and COO of Qimonda AG and led the company through an initial public offering. He also worked as group vice president and general manager of the Memory Products Group at Infineon Technologies AG, as CEO and COO of Wireline Communications Business Group, and held executive positions at Altis Semiconductor. Throughout his career, Mr. Seifert has earned a reputation for overseeing flawless execution on a global scale and creating agile environments.

Mr. Seifert comes to Brightstar at a pivotal time in its history. Since 1999, the company has had a compound annual growth rate of 35 percent. 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, device buy-back and trade-in, and financial services.

“We are excited to have Mr. Seifert join us and lead our finance team, as he has a proven track record of leading successful financial strategies for growing global technology companies like ours,” said Mr. Claure. “His background and experience with an established multibillion dollar organization are a great fit for Brightstar and will be a plus as we continue to expand our reach into the wireless ecosystem, seeing and filling gaps in the marketplace.”

Commenting on his appointment, Mr. Seifert said: “Brightstar is the industry leader in a rapidly expanding global market, and as CFO I plan to leverage the company’s success to increase the trajectory of financial performance.”

Mr. Seifert earned an MBA from Friedrich Alexander University, a master’s degree in economics from Wayne State University, and a bachelor’s degree from Friedrich Alexander University.

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 presence on six continents. The company’s industry-leading services include value-added distribution, supply chain solutions, handset protection and insurance, buy-back and trade-in solutions, multi-channel retail solutions, and financial services. Brightstar’s annual revenues were 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. http://www.brightstarcorp.com

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
As companies gain momentum, the need to maintain high quality products can outstrip their development team’s bandwidth for QA. Building out a large QA team (whether in-house or outsourced) can slow down development and significantly increases costs. This eBook takes QA profiles from 5 companies who successfully scaled up production without building a large QA team and includes: What to consider when choosing CI/CD tools How culture and communication can make or break implementation
Actian Corporation has announced the latest version of the Actian Vector in Hadoop (VectorH) database, generally available at the end of July. VectorH is based on the same query engine that powers Actian Vector, which recently doubled the TPC-H benchmark record for non-clustered systems at the 3000GB scale factor (see tpc.org/3323). The ability to easily ingest information from different data sources and rapidly develop queries to make better business decisions is becoming increasingly importan...
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.
Big Data, cloud, analytics, contextual information, wearable tech, sensors, mobility, and WebRTC: together, these advances have created a perfect storm of technologies that are disrupting and transforming classic communications models and ecosystems. In his session at @ThingsExpo, Erik Perotti, Senior Manager of New Ventures on Plantronics’ Innovation team, provided an overview of this technological shift, including associated business and consumer communications impacts, and opportunities it ...
Redis is not only the fastest database, but it is the most popular among the new wave of databases running in containers. Redis speeds up just about every data interaction between your users or operational systems. In his session at 19th Cloud Expo, Dave Nielsen, Developer Advocate, Redis Labs, will share the functions and data structures used to solve everyday use cases that are driving Redis' popularity.
To leverage Continuous Delivery, enterprises must consider impacts that span functional silos, as well as applications that touch older, slower moving components. Managing the many dependencies can cause slowdowns. See how to achieve continuous delivery in the enterprise.
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Is your aging software platform suffering from technical debt while the market changes and demands new solutions at a faster clip? It’s a bold move, but you might consider walking away from your core platform and starting fresh. ReadyTalk did exactly that. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue and over a decade of audio conferencing product development to start an innovati...
"Software-defined storage is a big problem in this industry because so many people have different definitions as they see fit to use it," stated Peter McCallum, VP of Datacenter Solutions at FalconStor Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus...
StackIQ has announced the release of Stacki 3.2. Stacki is an easy-to-use Linux server provisioning tool. Stacki 3.2 delivers new capabilities that simplify the automation and integration of site-specific requirements. StackIQ is the commercial entity behind this open source bare metal provisioning tool. Since the release of Stacki in June of 2015, the Stacki core team has been focused on making the Community Edition meet the needs of members of the community, adding features and value, while ...
Deploying applications in hybrid cloud environments is hard work. Your team spends most of the time maintaining your infrastructure, configuring dev/test and production environments, and deploying applications across environments – which can be both time consuming and error prone. But what if you could automate provisioning and deployment to deliver error free environments faster? What could you do with your free time?