Sprint is naming Marcelo Claure, founder of the wireless solutions company Brightstar, as its new president and CEO. His position will begin next Monday, on August 11th, when he will succeed outgoing executive Dan Hesse, who has served since 2007. “Marcelo is a successful entrepreneur who transformed a start-up into a global telecommunications company,” Sprint chairman Masayoshi Son says in a statement. Son’s statement makes it evident why Sprint’s owner, Softbank, is looking to Claure to turn around Sprint’s fortunes. He founded Brightstar in 1997, and as of last year it was bringing in $ 10.5 billion in revenue.