Brightstar Corp., a $5.7 billion Miami-based wireless distribution company, appointed Thomas Seifert CFO and executive vice president. He replaces Dennis Strand, who was named president of a new unit, Brightstar Financial Services. Seifert recently was CFO and senior vice president at Advanced Micro Devices. Previously he was CFO and COO at Qimonda, where he played a role in the company’s IPO. Earlier he was group vice president and general manager of the memory rroducts group at Infineon Technologies and CEO and COO at Wireline Communications.
Keeping up with the latest digital innovations has replaced economic conditions and regulatory changes as the biggest concern for global executives this year.
Company also plans $30 billion in U.S. capital expenditures.
As companies repatriate cash, they could lighten up on the bonds they’ve invested it in.
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