Globalstar Announces Appointment of David Kagan as President and Chief Operating Officer
November 28 2017 - 9:25AM
Globalstar, Inc. (NYSE American:GSAT) today announced that David
Kagan is returning to the Company as President and COO effective
December 6, 2017. Mr. Kagan will be responsible for all functions
in support of Globalstar’s core satellite revenue growth and will
report to Jay Monroe, Chairman and CEO. Business units reporting to
Mr. Kagan include business development, worldwide sales and
marketing, satellite and ground operations and engineering, product
development, software development, information technology,
administration and customer relations.
Mr. Kagan returns to Globalstar with over 20
years of leadership experience in the international satellite
industry. Immediately prior to re-joining Globalstar he was the COO
of SpeedCast International Limited, previously served as President
of ITC Global, a global VSAT satellite services provider and served
as President and CEO of Globe Wireless, increasing EBITDA over
three-fold. For 12 years before joining Globe Wireless, Mr. Kagan
held several senior positions, including serving as President and
CEO at MTN, an international satellite services provider to the
cruise, yachting and maritime markets.
In addition to leadership and board positions
across the satellite industry, Mr. Kagan has unique global
experience in satellite service distribution models in addition to
a focus on continual operational improvement initiatives, all aimed
at facilitating increased revenue and EBITDA. Mr. Kagan holds a
Bachelor of Arts in Finance and Marketing from the University of
South Florida and a Master of Business Administration degree from
Florida Atlantic University.
“Dave’s return to Globalstar is a welcome
development for all of our employees, the Board of Directors and
our shareholders,” stated Jay Monroe. “While with us previously, he
set the stage for substantial growth in profitability much of which
has taken place in the roughly nine months he was gone. Dave stayed
actively engaged with us under his consulting and advisory
agreement and I have no doubt that growth will continue under his
watch. He brings a combination of energy, industry experience and
operational expertise that I view as unmatched. In addition, his
return will allow me to focus an increased amount of my time on
other strategic opportunities for the Company.”
Mr. Kagan commented, "I am eager to get back to
work with the management team at Globalstar. The Company has been
preforming well and I look forward to expanding into additional
areas of profitable growth with this team. Globalstar has all of
the elements in place and a solid platform to build new initiatives
across its worldwide footprint and I’m enthusiastic to get back and
deliver."
About Globalstar, Inc.
Globalstar is a leading provider of mobile
satellite voice and data services. Customers around the world in
industries such as government, emergency management, marine,
logging, oil & gas and outdoor recreation rely on Globalstar to
conduct business smarter and faster, maintain peace of mind and
access emergency personnel. Globalstar data solutions are ideal for
various asset and personal tracking, data monitoring, SCADA and IoT
applications. The Company's products include mobile and fixed
satellite telephones, the innovative Sat-Fi satellite hotspot,
Simplex and Duplex satellite data modems, tracking devices and
flexible service packages.
Note that all SPOT products described in this
press release are the products of SPOT LLC, which is not affiliated
in any manner with Spot Image of Toulouse, France or Spot Image
Corporation of Chantilly, Virginia.
Investor contact information: Kyle Pickens
Email: kyle.pickens@globalstar.comPhone: (985) 335-1538
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