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Globalstar, Inc. (NASDAQ:GSAT), a leading provider of mobile satellite voice and data services to businesses, government and consumers, today announced the Company has accepted the resignation of Dirk J. Wild, Senior Vice President and Chief Financial Officer effective November 11, 2011. Mr. Wild has agreed to stay through this date to oversee the Company's next quarterly financial report which is expected to be filed prior to the effective date of his resignation.
Mr. Wild is leaving to pursue other career opportunities in southern Louisiana and the Company wishes him well in his new endeavors. Globalstar is currently engaged in a search for his replacement and Mr. Wild has agreed to help transition his duties.
Mr. Wild has held this position with the Company since August 2010 and he successfully completed the relocation of Globalstar's headquarters from Silicon Valley in California to Louisiana. He was instrumental in executing the transition to Louisiana, re-focusing the Company's operations and substantially improving Globalstar's cost structure as the Company deploys its new second-generation constellation and awaits the expected return of high quality two-way satellite voice and data services next year.
About Globalstar, Inc.
Globalstar is a leading provider of mobile satellite voice and data services. Globalstar offers these services to commercial customers and recreational consumers in more than 120 countries around the world. The Company's products include mobile and fixed satellite telephones, simplex and duplex satellite data modems, the SPOT family of mobile satellite consumer products including the SPOT Satellite GPS Messenger™ and flexible airtime service packages. Many land based and maritime industries benefit from Globalstar with increased productivity from remote areas beyond cellular and landline service. Global customer segments include: oil and gas, government, mining, forestry, commercial fishing, utilities, military, transportation, heavy construction, emergency preparedness, and business continuity as well as individual recreational consumers. Globalstar data solutions are ideal for various asset and personal tracking, data monitoring and SCADA applications. All SPOT products described in Globalstar or SPOT LLC press releases 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. Globalstar, Inc. (NASDAQ:GSAT), a leading provider of mobile satellite voice and data services to businesses, government and consumers, today announced the Company has accepted the resignation of Dirk J. Wild, Senior Vice President and Chief Financial Officer effective November 11, 2011. |