Marcelo Claure
Marcelo Claure | |
---|---|
La Paz, Bolivia | |
Nationality | Bolivian, American |
Alma mater | Bentley University (BS) |
Occupation(s) | Technology entrepreneur, investor, philanthropist |
Title |
|
Board member of | |
Spouse | Jordan Engard |
Raul Marcelo Claure Bedoya is a Bolivian-American technology entrepreneur, businessman, and investor.[1] He is currently the founder and CEO of Claure Group, the Executive Chairman of Bicycle Capital, and Group Vice Chairman for Shein.
Claure founded the wireless services company
From 2020 until early 2022
While continuing as CEO of Claure Group,[20] in June 2023 he launched Bicycle Capital, a Latin America-focused venture capital fund targeting $500 million.[21] In February 2023, he was appointed chair of the Latin American operations of Shein, a fashion firm.[22] Claure was appointed Shein's Group Vice Chairman in October 2023. Claure is owner of the football team
Early life and education
Raúl Marcelo Claure was born in
Business career
Claure returned to La Paz after graduating college and joined the
Brightstar CEO
Claure founded
Sprint CEO and executive chairman
Claure joined the Sprint Corporation board of directors in January 2014.[32] On 5 August 2014, he was selected to replace Dan Hesse as the head of Sprint Corporation. The announcement was made on 6 August 2014, coinciding with Bolivia's independence day.[6][7] Claure became Sprint's President and CEO on 11 August 2014.[32] According to Bloomberg, as CEO Claure "led a turnaround" of the company,[11] which had been losing $3.3 billion annually. Claure focused on financial cuts and increasing customers, and by August 2015 the company's stock price was rising sharply.[4] During Claure's tenure, Sprint went from losing customers to gaining over 2 million. In addition to achieving its best financial results in company history, the company was also net income positive for the first time in 11 years.[33]
Joining the SoftBank Group board in June 2017,[19] Claure was named executive chairman of Sprint Corporation on 2 May 2018.[27] Succeeded as Sprint CEO by Michel Combes,[32] Claure assumed the chairmanship on 31 May 2018 – about one month after Sprint and T-Mobile announced plans to merge. In this role he became focused on achieving regulatory approval for the merger from the Federal Communications Commission (FCC) and the United States Department of Justice (DOJ).[27] After Sprint and T-Mobile completed their merger in April 2020, Claure was appointed to the Board of Directors of T-Mobile.[10] In June 2020, Claure led the second largest secondary offering in US history through the SoftBank sale of $14.8 billion in T-Mobile US shares.[34]
SoftBank Group International CEO and SoftBank Group COO
On 2 May 2018, Claure was appointed the COO of SoftBank Group, also becoming CEO of both SoftBank Group International[32] and SoftBank Latin America.[16][35][36] Bloomberg described the promotions as a "reward for salvaging a sinking ship" at Sprint, with Claure continuing to oversee the plans to merge Sprint and T-Mobile.[35] Alongside SoftBank CEO Masayoshi Son, Claure began overseeing the company's overall business strategy.[32] As COO of SoftBank Group Corp,[37] Claure was given oversight of operating companies[14] such as Boston Dynamics, Arm Holdings, Sprint, Fortress, Brightstar,[14][38] SB Energy, and WeWork among others.[8] In March 2019 Claure also became CEO[16][38] of the newly formed $5 billion SoftBank Latin America Fund,[14] considered the largest technology fund focused exclusively on the Latin American market.[16][38] He also heads the SB Opportunity Fund, a $100 million fund launched in 2020 dedicated to investing in entrepreneurs of color.[citation needed] In November 2020, Claure and three other executives resigned from the SoftBank Group board, with Masayoshi Son stating the move was to "improve the perception of board independence."[39]
In January 2021, a blank check firm (SPAC) backed by Claure was aiming to raise $200 million through an IPO, with Claure to become CEO of LDH Growth.[40] Also in January 2021, he began overseeing the SoftBank Miami Initiative, a $100 million funding program dedicated to startups based in or relocating to Miami.[41]
WeWork executive chairman
In October 2019, Claure was appointed executive chairman of the board of WeWork, a workspace provider.[42] Claure worked alongside Sandeep Mathrani, who he appointed as WeWork’s CEO in February 2020.[43] In March 2021, WeWork announced a definitive agreement to become a publicly traded company via SPAC Merger with BowX Acquisition Corp.[44] In March 2022, Mathrani replaced Claure as executive chairman.[18]
Claure Group and Bicycle Capital
As of 2023, he is founder and CEO of Claure Group.[28][45] In February 2023, he was appointed chair of the Latin American operations of Shein, an ultra-fast fashion firm headquartered in Singapore. The role gave Claure oversight of Shein's strategy and stakeholder affairs in Latin America, as well as the responsibility to form an advisory board providing Shein with local expertise.[22] In October 2023, he was also appointed Shein's Group Vice Chairman, with oversight of the company's international growth initiatives.[46]
In January 2023, Claure Group partnered with Apollo Global Management and was in talks with the Luxembourg-based telecommunications company Millicom to launch a full bid on the company[47] but the project was abandoned in June 2023 as French billionaire businessman Xavier Niel acquired a 22% stake in the company meanwhile.[48]
In June 2023, Claure was one of the founders of Bicycle Capital, an equity fund focused on Latin American tech startups with a target of $500 million. He was appointed Executive Chairman and Managing Partner,[21] overseeing the fund's initial fundraising.[49]
Soccer franchises
Club Bolivar
In 2008, Claure created Bolivar Administración, Inversiones y Servicios Asociados, S.R.L. (BAISA),
Inter Miami CF
In 2012,
On 17 September 2021, it was announced that Beckham and the Mas brothers had bought out Claure and Son's stakes in the ownership group.[58] Ares Management was also added to the ownership group.[59]
Girona FC
More recently, in August 2020,[23] Claure invested in Girona FC in Spain, partnering with City Football Group to promote the team and becoming a board member.[60]
Boards and committees
Claure is a member of the board at T-Mobile USA[1] and chairman at Bicycle Capital.[21] He is also on the board of Girona FC.[61]
He also
Philanthropy
In 2008, Claure and Brighstar helped
Awards and recognition
Claure has won a number of business awards. A
Personal life
Claure resides in
See also
References
- ^ a b c "Our Executive Leadership Team & Board of Directors | T-Mobile". www.t-mobile.com.
- ^ "About Brightstar – Corporate Governance/Leadership Team". Bright Star Corporation. Archived from the original on 2 November 2012. Retrieved 25 December 2019.
- ^ a b "Hispanic Business Top 500 Hispanic Businesses". Hispanic Business. Archived from the original on 1 October 2012.
- ^ a b c d e f g "Marcelo's moment: Saving Sprint is biggest challenge of Claure's already impressive life". The Kansas City Star. 22 August 2015. Retrieved 26 December 2019.
- ^ a b c d e Rob Wile (15 October 2018), From 'unknown' to wealthiest Hispanic-American — and now, he's moving back to Miami, Miami Herald, retrieved 17 October 2019
- ^ a b Knutson, Ryan; Mattioli, Dana (5 August 2014). "Sprint Abandons Pursuit of T-Mobile, Replaces CEO". WSJ. Retrieved 6 August 2014.
- ^ a b "Brightstar Media Page". Brightstar. Archived from the original on 1 November 2012. Retrieved 25 December 2019.
- ^ a b c d e f "Marcelo Claure". Concordia.net. 2019. Retrieved 24 December 2019.
- ^ a b Inagaki, Kana (3 May 2018). "Bolivian billionaire Claure to oversee Sprint-T-Mobile merger". Financial Times.
- ^ a b c Fitzgerald, Drew (22 June 2020). "Sprint's Old Boss Adds $500 Million Stake in T-Mobile—With Help from SoftBank". Wall Street Journal.
- ^ a b "SoftBank Is Said to Prep Latam Fund Run by COO Claure". Bloomberg L.P. 31 January 2019. Retrieved 24 December 2019.
- ^ AFP (28 January 2022). "SoftBank: Marcelo Claure claque la porte, le Français Michel Combes promu DG de SoftBank International". Frenchweb. Retrieved 4 August 2022.
- ^ a b c "Stocks". www.bloomberg.com.
- ^ a b c d "Marcelo Claure Tech". Retrieved 23 December 2019.
- ^ "Corporate Governance System". SoftBank Group Corp.
- ^ a b c d "Largest Latin American tech fund in the world is born. It's being led by a Miamian". Miami Herald. 7 March 2019. Retrieved 26 December 2019.
- ^ a b "WeWork losses doubled as it rushed to open new offices ahead of its failed IPO". Los Angeles Times. 13 November 2019. Retrieved 25 December 2019.
- ^ a b c "WeWork Announces New SoftBank Appointment to Board of Directors and Designates Chairman". www.businesswire.com. 29 March 2022. Retrieved 2 February 2023.
- ^ a b c d e f "Biography: Marcelo Claure". SoftBank Group. Retrieved 24 December 2019.
- ^ https://www.bloomberglinea.com/english/reports/bloomberg-linea-characters/marcelo-claure/
- ^ a b c "Marcelo Claure of SoftBank Fame Has a New Venture Firm". Bloomberg. 2023. Retrieved 17 August 2023.
- ^ TechInAsia.com. 2023.
- ^ a b "El empresario boliviano Marcelo Claure compra el 35% del Girona". 28 August 2020.
- ^ Sun-Sentinel. Retrieved 24 December 2019.
- ^ a b "Sprint to give internet access to 1 million students to close 'homework gap'". The Kansas City Star. 11 October 2016. Retrieved 14 December 2019.
- ^ "Marcelo Claure Plots Next Move for His Billions After SoftBank Split". Bloomberg.com. 18 July 2022. Retrieved 15 February 2023.
- ^ a b c d e f g h Reveron, Derek (June 2007). "Hispanic Business, Shining Through". Hispanic Business. Archived from the original on 22 February 2014. Retrieved 26 December 2019.
- ^ a b "Marcelo Claure on Dreaming Big and Working Hard". Babson College. 2022.
- ^ "Harvard Business School Announces 2022-2023 Cohort of Executive Fellows". Harvard Business School. 2022.
- ^ Bort, Julie. "The amazing life of self-made tech mogul Marcelo Claure, SoftBank's secret weapon tasked with fixing WeWork". Business Insider. Retrieved 28 July 2020.
- ^ a b "Directors, Executive Officers and Key Personnel". EDGAR Online. 20 September 2004. Retrieved 25 December 2019.
- ^ a b c d e f g h "Sprint Elevates Marcelo Claure To Executive Chairman And Appoints Michel Combes as CEO". Sprint. 2 May 2018. Retrieved 26 December 2019.
- ^ "Updated FY17 Earnings Hero". Sprint. Retrieved 24 December 2019.
- ^ Henderson, Richard; Kruppa, Miles; Aliaj, Ortenca (24 June 2020). "SoftBank raises $14.8bn from T-Mobile US share sale". Financial Times.
- ^ a b "SoftBank Taps Sprint CEO as Operating Chief After T-Mobile Deal". Bloomberg. 2 May 2018. Retrieved 24 December 2019.
- ^ "SoftBank Names Marcelo Claure Chief Operating Officer of SoftBank Group Corp". Business Wire. 2 May 2018. Retrieved 24 December 2019.
- ^ "SoftBank's Son 'not involved' in Sprint, T-Mobile merger approvals". Reuters. 3 May 2018. Retrieved 26 December 2019.
- ^ a b c Negishi, Mayumi (7 March 2019). "SoftBank's Next Big Bet: Latin American Tech". WSJ.
- ^ "SoftBank removes board members including Rajeev Misra and Marcelo Claure to improve perception of independence". CNBC. 9 November 2020.
- ^ "SoftBank's Claure-backed blank check firm looks to raise $200 million through IPO". Reuters. 29 January 2021.
- ^ Mascarenhas, Natasha (28 January 2021). "SoftBank earmarks $100 million for Miami-based startups".
- ^ "SoftBank hopes new WeWork leader will be 'guided missile' to fix it". Los Angeles Times. 25 October 2019.
- ^ "WeWork plans to name real estate executive as new CEO". CNN. February 2020.
- ^ "WeWork to Become Publicly Traded Via SPAC Merger with BowX Acquisition Corp. - WeWork Newsroom". Newsroom.
- ^ https://www.bloomberglinea.com/english/reports/bloomberg-linea-characters/marcelo-claure/
- ^ https://www.wsj.com/business/retail/new-shein-executive-aims-to-expand-supply-chain-outside-china-ae41e30b
- ^ Franklin, Joshua; Platt, Eric; Gara, Antoine (25 January 2023). "Apollo and Marcelo Claure in talks over buyout of LatAm telecom Millicom". Financial Times. Retrieved 8 September 2023.
- ^ Idárraga, Sebastián Osorio (22 June 2023). "Millicom Shares Slump More than 7% as Buyout by Apollo, Claure Group Shelved". Bloomberg Línea. Retrieved 8 September 2023.
- ^ "Shein appoints Marcelo Claure as new Latin America head, inks $100 million investment". Fashion Network. 2023. Retrieved 17 August 2023.
- ^ "Bolívar Administración e Inversiones S.A. BAISA - Club Bolivar de Bolivia". Bolivar.com.bo.
- ^ "Encuesta Ipsos: Bolívar es el 1er plantel con más hinchada en el país". Los Tiempos. 28 October 2016. Retrieved 26 December 2019.
- ^ "Ranking CONMEBOL Libertadores 2018". conmebol.com. 19 December 2017. Retrieved 26 December 2019.
- ^ "Los 5 Clubes Más Laureados del Fútbol Boliviano". 27 June 2017.
- ^ Crow, David (7 June 2015). "Marcelo Claure, Sprint CEO: Beckham's Bolivian buddy". Financial Times.
- ^ "Man City group announces tie-up with Club Bolivar". 12 January 2021.
- ^ "Plan Centenario: El ambicioso proyecto de $50 millones que busca consolidar a Bolívar en el mundo del fútbol". 12 January 2021.
- ^ )
- ^ "David Beckham increases Inter Miami ownership stake". ESPN.com. 17 September 2021.
- ^ "David Beckham, Mas brothers increase ownership stake in Inter Miami CF". MLSSoccer.com. 17 September 2021.
- ^ "Marcelo Claure strengthen the Girona FC project | Girona - Web Oficial".
- ^ https://www.gironafc.cat/en/news/marcelo-claure-strengthen-the-girona-fc-project
- ^ https://www.mediamoves.com/2020/11/univisions-new-owners-name=independent-directors-to-company-board.html [dead link]
- ^ "Televisa Univision Board of Directors". televisaunivision.com. 2023.
- ^ "Board Memberships". Fortress. 2023.
- ^ a b c "Raul Marcelo Claure, 47". WSJ. Retrieved 25 December 2019.
- ^ "Board of Trustees". FIU. Retrieved 17 August 2023.
- ^ "Top South Florida News, Sports, Weather and Entertainment - South Florida Sun-Sentinel".
- ^ "People". One Laptop per Child. Retrieved 24 December 2019.
- ^ "Donate online". One Laptop per Child. Retrieved 23 December 2019.
- ^ "The 1Million Project Foundation". 1millionproject.org. Retrieved 24 December 2019.
- ^ "Free Internet for Students: Project 10Million | T-Mobile".
- ^ "CEO Council". WSJ. Archived from the original on 10 January 2013. Retrieved 25 December 2019.
- ^ The Kansas City Star (subscription required)