Globalstar Announces Executive Management Changes
GlobeNewswire 2010-02-13
MILPITAS, Calif., Feb. 12, 2010 (GLOBE NEWSWIRE) -- Globalstar, Inc.
(Nasdaq:GSAT), a leading provider of mobile satellite voice and data
services to businesses, government, and consumers, announced
restructuring changes to its executive management and employee staff
designed to flatten the firm's organizational structure, improve the
Company's decision-making efficiencies and reduce costs. Effective
immediately Steven Bell, Senior Vice President of North American and
European Sales Operations and Robert Miller, Senior Vice President of
Engineering and Ground Operations, plus a number of additional
employees, are no longer with Globalstar due to the restructuring.
"After analyzing our Company's operational decision-making processes,
we are consolidating our staff in order to better streamline our
organization and help us reach our financial goals," said Peter Dalton,
CEO, Globalstar, Inc. "These changes will also tie management
accountability with responsibility as we bring to market new consumer
retail products and services and prepare to launch our
second-generation satellite constellation beginning this summer."
About Globalstar, Inc.
With over 375,000 subscribers, Globalstar is the world's largest
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 and flexible 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 users. Globalstar data solutions are
ideal for various asset and personal tracking, data monitoring and
SCADA applications.
For more information regarding Globalstar, please visit Globalstar's
web site at www.globalstar.com.
CONTACT: Globalstar, Inc.
Media information:
Dean Hirasawa
(408) 933-4006
Dean.hirasawa@globalstar.com
Skyya Communications
Susan Donahue
(646) 454-9378
Susan.donahue@skyya.com
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