MIAMI--(BUSINESS WIRE)--Brightstar Corp., the world’s leading mobile products, services and technology organization, announced today that Reza Taleghani has joined the company as Executive Vice President and Chief Financial Officer, effective immediately. He will assume overall leadership for Brightstar’s global finance function, including responsibility for financial planning, treasury, accounting, tax, financial reporting, and internal audit functions. Taleghani will report to Jaymin B. Patel, Brightstar President and CEO.
Taleghani joins Brightstar from J.P. Morgan where he held leadership roles in several of the firm’s divisions with a career spanning investment banking, commercial banking, and asset management. A seventeen-year veteran of the firm, he worked in the Investment Bank in New York and London, in both coverage and product roles, before joining Commercial Banking where he was Managing Director and Group Head of Corporate Client Banking for the Northeast and Canada regions. There he led teams in New York, Boston and Toronto to deliver the full breadth of commercial and investment banking solutions to more than 350 corporations. He subsequently worked in J.P. Morgan Asset Management as a Managing Director and Market Manager in the Private Bank.
Beyond banking, Taleghani served as the President and CEO of Sterling Airlines A/S, a leading low-cost Scandinavian airline based in Copenhagen, Denmark. He holds dual B.A. degrees in History and Organizational Behavior and Management from Brown University, and received a J.D. and M.B.A. from Villanova University.
“Gaining a professional of Reza’s caliber and character with the full spectrum of experience leading a wide variety of global transactions, including mergers and acquisitions, initial public offerings, debt financing, and risk management is a win for the entire Brightstar and SoftBank Group Corp. family,” Patel said.
“The banking and mobile industries both focus on building relationships and delivering value to enable customers to succeed and grow,” Taleghani said. “I look forward to working with the team to improve the company’s financial strength and ensure we meet our long-term business objectives.”
The change comes as Vincent Donargo, Brightstar’s former CFO, has been named Executive Vice President, Financial Operations & Transformation, and will manage the ongoing transformation of Brightstar’s finance organization. Donargo will also work to expand global implementation of shared services and oversee indirect procurement.
These organizational changes will allow for greater focus on Brightstar’s global expansion. In 2014 alone, the company added nearly 4,000 employees, launched new services, and added approximately $3 billion in net revenue year-over-year to exceed $10 billion in 2014.
Brightstar, a SoftBank Group Corp. subsidiary, is the world’s largest specialized wireless distributor and a leading provider of diversified services focused on enhancing the performance and results of the key participants in the wireless device value chain: manufacturers, operators and retailers. In 2014, Brightstar reported global net revenues of more than $10 billion and employs about 9,000 people on six continents. For more information, please visit Brightstar.com.