CARLSBAD, Calif., April 13,
2023 /PRNewswire/ -- Viasat Inc. (NASDAQ: VSAT),
a global leader in satellite communications, announced today that
K. Guru Gowrappan has been appointed as the new company President,
effective April 13, 2023. As
President, Gowrappan will work closely with Mark Dankberg, Viasat's Chairman of the Board
and CEO in leading Viasat's global operations and the company's
growth strategy.
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Gowrappan brings over 20 years of exceptional executive
leadership and technology experience in creating, operating and
growing consumer internet media, transactional and
subscription-based products. His diverse background across
different technology sectors, coupled with a product-driven
mindset, enables Gowrappan to deliver innovative customer-first
experiences that create value for brands and partners. Previously,
Gowrappan was CEO of Verizon Media Group, the media division of
Verizon Communications, Inc., consisting of leading brands such as
Yahoo, HuffPost, TechCrunch and others. Earlier in his career, he
held various leadership roles, including a focus on international
growth initiatives at Alibaba and Zynga. He also brings a very
successful track-record in value creation via large-scale M&A
and integrations. He has established a reputation for data driven
operational efficiency and innovative business strategies, while
enabling an engaged and focused team.
"Guru is an accomplished leader with extensive international
technology experience, and we are extremely pleased to welcome him
to Viasat," said Mark Dankberg,
Chairman and CEO of Viasat. "His experience in integrating large
technology organizations, operating and growing one of the world's
largest internet platforms, delivering content to hundreds of
millions of users, identifying new growth opportunities and
creating powerful global partnerships are especially pertinent as
we scale our fixed and mobile businesses globally. Guru's strong
background in M&A, interactive digital products, sharp focus on
cost effective execution, and his attention to organizational
culture can help us realize the operational and financial goals
enabled by the ViaSat-3 constellation and the pending Inmarsat
acquisition."
"I am excited to be appointed as the new President of Viasat at
such a dynamic and transformative time for our company. The
satellite industry is experiencing unprecedented change in the way
customers experience connectivity, interactivity and mobility. The
Viasat team is the best in the business, having developed a strong
foundation in serving customers and delivering products with a
technology advantage. I am committed to building on this momentum
with Mark while continuing to strengthen our customer-first
approach. I believe the time is now for Viasat to shape the future
of our industry and I am excited to be part of this incredible
team," Gowrappan commented.
About Viasat
Viasat is a global communications company that believes everyone
and everything in the world can be connected. For more than 35
years, Viasat has helped shape how consumers, businesses,
governments and militaries around the world communicate. Today, the
Company is developing the ultimate global communications network to
power high-quality, secure, affordable, fast connections to impact
people's lives anywhere they are—on the ground, in the air or at
sea. To learn more about Viasat, visit: www.viasat.com, go
to Viasat's Corporate Blog, or follow the Company on social
media
at: Facebook, Instagram, LinkedIn, Twitter or YouTube.
Forward-Looking Statements
This press release contains
forward-looking statements that are subject to the safe harbors
created under the Securities Act of 1933 and the Securities
Exchange Act of 1934. Forward-looking statements include, among
others, statements about the focus and responsibilities of Mr.
Gowrappan, Viasat's ability to scale its fixed and mobile
businesses globally, and the operational and financial goals
enabled by the ViaSat-3 constellation and pending Inmarsat
acquisition. Readers are cautioned that actual results could
differ materially and adversely from those expressed in any
forward-looking statements. Factors that could cause actual results
to differ include: our ability to realize the anticipated benefits
of the ViaSat-3 class satellites and any future satellite we may
construct or acquire; unexpected expenses related to our satellite
projects; our ability to successfully implement our business plan
for our broadband services on our anticipated timeline or at all;
risks associated with the construction, launch and operation of
satellites, including the effect of any anomaly, operational
failure or degradation in satellite performance; our ability to
successfully develop, introduce and sell new technologies, products
and services; risks and uncertainties related to the Inmarsat
transaction, including the failure to obtain, or delays in
obtaining, required regulatory approvals or clearances; any adverse
impact on the business of Viasat or Inmarsat as a result
of uncertainty surrounding the transaction; the occurrence of any
event, change or other circumstances that could give rise to the
termination of the definitive agreement for the transaction,
including in circumstances requiring Viasat to pay a
termination fee; the failure to obtain the necessary debt financing
arrangements set forth in the commitment letters received in
connection with the transaction; changes in the global business
environment and economic conditions; introduction of new
technologies, increased competition, and other factors affecting
the communications and defense industries generally; and our
dependence on a limited number of key employees.. In addition,
please refer to the risk factors contained
in Viasat's SEC filings available
at www.sec.gov, including Viasat's most recent
Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.
Readers are cautioned not to place undue reliance on any
forward-looking statements, which speak only as of the date on
which they are made. Viasat undertakes no obligation to
update or revise any forward-looking statements for any reason.
Copyright © 2023 Viasat, Inc. All rights
reserved. Viasat,
the Viasat logo and
the Viasat signal are registered trademarks
of Viasat, Inc. All other product or
company names mentioned are used for identification purposes only
and may be trademarks of their respective owners.
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SOURCE Viasat, Inc.