Market Overview

Brightstar Corp. Announces Resignation of CEO and Appointment of Interim CEO


today announced that Jaymin B. Patel has resigned as CEO and
member of the Board of Directors to pursue new opportunities, effective
August 1, 2018. In the interim, Jaymin will work closely with management
to ensure a smooth transition.

Reza Taleghani, current President and CFO, will assume the role of
interim CEO. Reza joined Brightstar three years ago as Chief Financial
Officer and most recently assumed the role of President with
responsibility for the Financial Services and Device Protection
businesses. Prior to joining Brightstar, Reza had over 17 years of
experience at J.P. Morgan that spanned different roles and addressed a
range of industries.

Ronald Fisher, Chairman of Brightstar Corp., said, "The Company wishes
to thank Jaymin for his service and all that he has accomplished as CEO.
We have made great strategic and operational progress over the last 3
years. We wish Jaymin well in his new endeavors and will always be
grateful for his leadership at a critical juncture in Brightstar's
evolution." Mr. Fisher also said, "Reza has been a key part of the
management team taking on the additional role of President in 2017 and
the Board has confidence in Reza's leadership capabilities."

About Brightstar

simplifies the wireless world, making mobile technology accessible to
everyone. A subsidiary of SoftBank Group Corp., we are the world's
leading mobile services company for managing devices and accessories. We
work with carrier, retail and enterprise customers across 70 countries,
touching every stage of a device's lifecycle, from when it's
manufactured to the moment it's time to trade it in and re-market it.

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