With its T-Mobile deal a bust, Sprint names Marcelo Claure as CEO

After ending its effort to acquire T-Mobile US, mobile carrier Sprint named Marcelo Claure as its new chief executive and president.

Claure replaces Dan Hesse, who has served as Sprint's chief executive since 2007. Claure is the founder of Brightstar, which provides services for wireless careers and mobile device manufacturers. He will resign as its chief executive on Aug 11, when he is expected to start at Sprint.