ENGLEWOOD, Colo., Feb. 22, 2022 /PRNewswire/ -- EchoStar
Corporation (NASDAQ: SATS) today announced that Hamid Akhavan will be appointed Chief Executive
Officer and President, effective March 31,
2022. Akhavan will succeed Michael
Dugan, who will be retiring as Chief Executive Officer and
President effective March 31, 2022,
after over 30 years of service to EchoStar and its
predecessors.
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A seasoned and results-oriented CEO and technologist, Akhavan
has extensive leadership experience at major telecommunications and
technology companies, including as CEO of Unify, Inc. (formerly
Siemens Enterprise Communications) and CEO of T-Mobile
International, where he also served as a member of the Board of
Management of Deutsche Telekom. In recent years, Akhavan has
been active in private equity and investing and has served on the
board of directors of several public and private companies.
Most recently, Akhavan has been a partner at Twin Point
Capital, where he led several of the firm's recent investments in
communications companies. Akhavan holds an MS in electrical
engineering and computer science from MIT and a BS in electrical engineering from
CalTech.
"With his extensive leadership experience, deep technical
knowledge and strategic acumen, Hamid is the ideal choice to lead
our global organization. I look forward to working with him
in driving EchoStar's success to the next level," said Charlie Ergen, Chairman of EchoStar's Board of
Directors. "I also want to thank Mike for his years of service and
guidance to EchoStar. Since joining the EchoStar family in
1990, Mike has played a pivotal role in all aspects of EchoStar's
business, including as president of the business unit now operated
independently as DISH Network and the launch of its direct
broadcast satellite service. His steady hand and leadership
helped EchoStar to thrive amid a rapidly changing technological
environment. Mike will be handing Hamid a strong organization
ready to meet the challenges facing it today and in the
future."
Dugan will remain on the board of directors and will serve as a
strategic advisor to the company.
"I am delighted to have the opportunity to lead EchoStar in its
next phase of growth and development," Akhavan said. "EchoStar is
an incredible technology and services company which has been a
pioneer since its inception. I am looking forward to a close
collaboration with Charlie and the team at EchoStar, and continuing
Mike's relentless focus on operational excellence."
About EchoStar
EchoStar Corporation (NASDAQ: SATS) is a premier global provider of
satellite communication solutions. Headquartered in Englewood, Colo., and conducting business
around the globe, EchoStar is a pioneer in secure communications
technologies through its Hughes Network Systems and EchoStar
Satellite Services business segments. For more information, visit
www.echostar.com. Follow @EchoStar on Twitter.
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SOURCE EchoStar Corporation