Globalstar Names Kagan CEO
Tuesday, September 04, 2018 | Comments

Globalstar announced the promotions of Dave Kagan to the position of CEO and Jay Monroe to executive chairman of the board of directors.

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, Mr. 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.

“We continue to explore opportunities with companies playing varying roles in the spectrum industry including novel uses and new entrants seeking a foothold through licensed spectrum,” Monroe said. “These promotions are in line with how we believe the business is best operated, and they appropriately align titles with operating duties.”

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