Iridium Names Kay Sears to Board of Directors

Rhea-AI Summary

Iridium Communications (NASDAQ: IRDM) announced the election of Kay Sears to its Board of Directors, effective May 17, 2022. Sears, currently Vice President at Boeing Defense, brings extensive experience from roles at Lockheed Martin and Intelsat. Her expertise in autonomous technologies is expected to enhance Iridium's strategic direction and market expansion, particularly in the defense satellite sector. CEO Matt Desch expressed confidence in her capabilities to support growth amidst increasing subscriber numbers and free cash flow.

Positive

• Kay Sears brings extensive industry expertise, enhancing strategic guidance for Iridium.
• Sears' background in autonomous systems may strengthen Iridium's position in the growing defense satellite market.
• Anticipated positive impact on subscriber growth and financial performance.

Negative

• None.

McLEAN, Va, May 18, 2022 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM) today announced that Kay Sears has been elected to the Iridium Board of Directors, effective May 17, 2022. As a director on the Iridium Board, Sears will play a role in helping shape the strategic direction of Iridium's business.

Sears currently serves as Vice President and General Manager of Autonomous Systems for the Boeing Defense, Space and Security (BDS) unit of The Boeing Company, which she joined in February 2022.  At BDS, Sears oversees development of cutting-edge autonomous technologies, intelligence capabilities and networking solutions for government and commercial customers.   Prior to this, Sears held senior positions with Lockheed Martin Space, Intelsat General Corporation, PanAmSat Corporation and has been a member of the President's National Security Telecommunications Advisory Committee since 2009.

With her background in the space industry combined with expert knowledge of government and commercial trends, Sears' experience will help guide Iridium's entry into growing and new markets.  This includes the growing defense satellite business, for which Iridium is well known and continues to expand its role in providing reliable satellite services to government customers.

"We are fortunate to have such an accomplished executive with a keen understanding of our industry join our Board of Directors," said Matt Desch, CEO, Iridium. "Kay has a finger on the pulse of the industry, and we look forward to her helping further the Iridium mission as we continue this era of strong subscriber growth and increasing free cash flow."

Sears received a bachelor's degree in business and economics from the University of Richmond and an MBA in information systems from The George Washington University.

About Iridium Communications Inc.
Iridium^® is the only mobile voice and data satellite communications network that spans the entire globe. Iridium enables connections between people, organizations and assets to and from anywhere, in real time. Together with its ecosystem of partner companies, Iridium delivers an innovative and rich portfolio of reliable solutions for markets that require truly global communications. In 2019, the company completed a generational upgrade of its satellite network and launched its new specialty broadband service, Iridium Certus^®. Iridium Communications Inc. is headquartered in McLean, Va., U.S.A., and its common stock trades on the Nasdaq Global Select Market under the ticker symbol IRDM. For more information about Iridium products, services and partner solutions, visit www.iridium.com. 

Press Contact:
Jordan Hassin
Iridium Communications Inc.
Jordan.Hassin@Iridium.com 
+1 (703) 287-7421
Twitter: @Iridiumcomm

Investor Contact:
Kenneth Levy
Iridium Communications Inc.
Ken.Levy@Iridium.com
+1 (703) 287-7570

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SOURCE Iridium Communications Inc.

FAQ

Who is Kay Sears in relation to Iridium Communications?

Kay Sears has been elected to the Iridium Board of Directors as of May 17, 2022.

What experience does Kay Sears bring to Iridium?

Sears has a strong background in the aerospace and defense sectors, including her role at Boeing Defense and previous positions at Lockheed Martin and Intelsat.

How might Kay Sears' appointment affect Iridium's business strategy?

Her experience is expected to help shape Iridium's strategic direction, particularly in expanding into the defense satellite market.