Globalstar has announced the promotions of Dave Kagan to the position of CEO and Jay Monroe to Executive Chairman of the board of directors, the company said.
In keeping with the strategy the company previously disclosed in connection with the intended merger, the promotions separate management of Globalstar´s satellite operations and spectrum-related activities, with responsibility for all satellite operations under the CEO.
The promotion of Kagan advances this strategy and he will oversee and drive all activities related to the company´s satellite business.
Monroe, as Executive Chairman, will be responsible for strategic financing efforts and liquidity matters, other than the company´s senior credit facility which will be the responsibility of Kagan. In addition, Monroe will have primary responsibility for all strategic terrestrial spectrum-related activities on a global basis, including the company´s ongoing efforts to standardize and monetize its terrestrial spectrum assets.
Globalstar provides mobile satellite voice and data services. Its data solutions are ideal for various asset and personal tracking, data monitoring, M2M 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.