INDIANAPOLIS, June 2, 2009 (GLOBE NEWSWIRE) -- Brightpoint, Inc. (Nasdaq:CELL) announced today the appointment of Stephen Babbage as Director of its newly created Shared Services Center (SSC) in Barcelona, Spain.
Consistent with our previous communications, we continue to make good progress on the establishment of the SSC which will centralize certain business support (or back office) functions to be shared across all of our properties in the region. Our Shared Services Center along with standardization across the European region will result in the efficiencies, enhancements and best practices necessary to meet our cost and effectiveness objectives.
"Mr. Babbage's appointment is an important step in realizing the Company's investment in optimizing our European operating and financial structure which will result in additional opportunities to improve our financial performance in the European region. Stephen is an industry veteran with proven ability of developing Shared Services strategy in the EMEA region," stated Anthony Boor, the company's Executive Vice President, Chief Financial Officer and Treasurer.
Prior to this appointment, Mr. Babbage was the Shared Services strategy lead for Sun Chemical Corporation in Europe. In this role, he successfully planned and managed transition of major country based operations into Shared Services. Prior to Sun Chemical, Mr. Babbage was General Manager at Impress Shared Services where he planned and led the successful implementation of six countries (France, Belgium, Germany, The Netherlands, UK and Italy) into the SSC. Mr. Babbage has practical understanding of cross-cultural issues, arising from working in some 50 countries and has demonstrated ability in bringing people and technology together.
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 2,800 employees in more than 25 countries. In 2008 Brightpoint generated revenue of $4.6 billion. Brightpoint provides distribution and customized services to over 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.