INDIANAPOLIS, Nov. 11, 2009 (GLOBE NEWSWIRE) -- Brightpoint, Inc. (Nasdaq:CELL) announced today that Anurag Gupta has been appointed the President of Brightpoint Europe, Middle East and Africa (EMEA) effective January 1, 2010. Mr. Gupta who currently serves as Senior Vice President, Global Strategy, Investor Relations and Corporate Communications for Brightpoint, Inc., will succeed Anthony Boor, who has served as the Interim President of EMEA since June 2009. Mr. Boor will resume his role as the Executive Vice President, Chief Financial Officer and Treasurer of Brightpoint, Inc. In light of Anurag's new assignment, Anthony Boor will be assuming all Investor Relations responsibilities. Mr. Gupta will be based at the Brightpoint EMEA regional headquarters in Barcelona, Spain.
Robert J. Laikin, Chief Executive Officer and Chairman of the Board of Brightpoint, Inc., stated, "I know that Anurag is a great fit for this role. Over the past several months Anurag has played a significant role in our restructuring efforts in Europe. I feel confident that under Anurag's leadership we will continue to focus on optimizing our European structure, which will result in additional opportunities to improve our financial performance in the EMEA region. Anurag will be working closely with Tony over the next few months as he transitions into his role. I want to thank Tony for his hard work and the tremendous progress that he has had as Interim President of EMEA and look forward to him being able to solely focus on his duties as Executive Vice President, Chief Financial Officer and Treasurer of Brightpoint, Inc."
"I am extremely pleased that Anurag has accepted the position as President of EMEA," said Anthony Boor, Executive Vice President, Chief Financial Officer and Treasurer of Brightpoint, Inc. and Interim President of EMEA."Anurag has provided me with tremendous support and advice during the past several months and he is fully aligned with the executive management team regarding the vision and strategy for our EMEA region. I am confident that Anurag will implement and execute the strategy successfully and effectively in the future."
Mr. Gupta joined Brightpoint as Senior Vice President of Global Strategy and Business Development in April of 2003. Before joining Brightpoint, he worked for Motorola, Inc. Mr. Gupta has 20 years of experience in the telecommunications industry in leadership roles at Motorola and Brightpoint in several business areas including: business development, P&L management, strategy, Investor Relations, corporate communications, business planning, product development & marketing, and other various management roles. He also has experience working in Asia, Europe, Latin America and North America. Mr. Gupta has a Bachelors and Masters Degree in Electrical Engineering from The University of Toledo and a Masters of Business Administration from the IIT Stuart School of Business.
About Brightpoint, Inc.
Brightpoint, Inc. (Nasdaq:CELL) is a global leader in the distribution of wireless devices and in providing customized logistic services to the wireless industry. In 2008, Brightpoint handled approximately 84 million wireless devices globally. Brightpoint's innovative services include distribution, channel development, fulfillment, product customization, e-Business solutions, and other outsourced services that integrate seamlessly with its customers. Brightpoint's effective and efficient platform allows its customers to benefit from quickly deployed, flexible, and cost effective solutions. The company has approximately 2,700 employees in more than 25 countries. In 2008 Brightpoint generated revenue of $4.6 billion. Brightpoint provides distribution and customized services to more than 25,000 B2B customers worldwide. Additional information about Brightpoint can be found on its website at www.brightpoint.com, or by calling its toll-free Information and Investor Relations line at 877-IIR-CELL (877-447-2355).
Certain information in this press release may contain forward-looking statements regarding future events or the future performance of Brightpoint, including, but not limited to, statements regarding potential spending reductions resulting from the elimination and proposed elimination of positions and the streamlining of operations and its ability to achieve cost savings and debt reduction as part of its 2009 Spending and Debt Reduction Plan. These statements are only predictions and actual events or results may differ materially. Please refer to the documents Brightpoint files, from time to time, with the Securities and Exchange Commission, including Brightpoint's most recent Form 10-K and Form 10-Q and Exhibit 99.1, thereto. These documents contain and identify important risk factors that could cause the actual results to differ materially from those contained in or implied by these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date these statements were made. Brightpoint undertakes no obligation to update any forward-looking statements contained in this press release.
CONTACT: Brightpoint, Inc.
Anthony W. Boor
317-707-2355
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