Decision follows Viasat's acquisition of
Inmarsat
CARLSBAD, Calif., June 14,
2023 /PRNewswire/ -- Viasat, Inc. (NASDAQ:
VSAT), a global leader in satellite communications, announced today
that Rick Baldridge will be retiring
from his role as Vice Chairman, effective June 30, 2023, and will remain a member of the
Board of Directors. The announcement comes following a successful
close of Viasat's acquisition of Inmarsat, a deal Baldridge led for
the last two years.
Baldridge joined Viasat in 1999, and has served in senior
executive roles including Executive Vice President and Chief
Operating Officer from 2002, and as President and Chief Operating
Officer from 2003. He was appointed President and Chief Executive
Officer in November 2020 and assumed
the role of Vice Chairman in July
2022.
"In his more than 20-year career with Viasat, Rick has been
integral to the evolution of the company - supporting our
approximately 50x revenue growth from a subsystems technology
manufacturer to a global industry leader in satellite
communications services, systems solutions, and space and ground
products," said Mark Dankberg,
chairman and CEO, Viasat. "His leadership and personal involvement
in the Link-16 divestiture and the Inmarsat acquisition were just
the most recent examples of the many contributions he's made to our
growth. All of us at Viasat are grateful for his dedication,
insight and leadership, and we are very pleased that he will
continue his service with the company as a member of our board of
directors."
"I am so proud to have worked alongside the incredibly talented
employees at Viasat for the last 24+ years," said Baldridge. "It
has been my privilege to have worked with the three cofounders to
further a culture of innovation and meritocracy. It is bitter-sweet
as although we have grown a great company, the best is yet to come.
I look forward, as a member of the board, to continuing to see the
fruits of the combination of the ViaSat-3 constellation and the
integration with Inmarsat come together to benefit our employees,
customers across the globe and shareholders. Together we can make a
huge difference in people's lives through education, healthcare,
and local commerce."
About Viasat
Viasat is a global communications
company that believes everyone and everything in the world can be
connected. With offices in 24 countries around the world, our
mission shapes how consumers, businesses, governments and
militaries around the world communicate and connect. Viasat is
developing the ultimate global communications network to power
high-quality, reliable, secure, affordable, fast connections to
positively impact people's lives anywhere they are—on the ground,
in the air or at sea, while building a sustainable future in space.
On May 30, 2023, Viasat completed its
acquisition of Inmarsat, combining the teams, technologies and
resources of the two companies to create a new global
communications partner. Learn more at www.viasat.com, the
Viasat News Room or follow us
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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.