Lynk Announces Executive Realignment and Expansion of Leadership Team to Accelerate the Company’s Next Phase of Growth

Rhea-AI Summary

Lynk Global, a leading satellite direct-to-device provider, has announced significant leadership changes to accelerate growth. Dan Dooley, formerly Chief Commercial Officer, has been appointed as CEO, responsible for strategy, operations, and commercial activities. Dr. John M. Olson joins as President of Strategic Development, bringing extensive experience from the Air Force, NASA, and private sector. Charles Miller, co-founder and former CEO, transitions to Chairman of the Board.

These changes aim to scale satellite production and expand global commercial efforts. Lynk has partnerships with over 40 Mobile Network Operators worldwide and has begun direct-to-device services in seven countries. The company plans to become publicly listed through a business combination with Slam Corp. (NASDAQ: SLAM), potentially trading under the ticker 'LYNK'.

Positive

• Appointment of experienced industry executives to key leadership positions
• Partnerships with over 40 global Mobile Network Operators
• direct-to-device services launched in seven countries
• Plans for public listing through business combination with Slam Corp. (NASDAQ: SLAM)

Negative

• None.

With a Deep Bench of Experienced Industry Executives, Lynk is Well Positioned to Fully Realize its Global Commercial Objectives

FALLS CHURCH, Va.--(BUSINESS WIRE)-- Lynk Global, Inc. (“Lynk”), a leading satellite direct-to-device provider, today announced a series of leadership team updates that are designed to position the company to rapidly scale its satellite production and global commercial efforts. Effective immediately, Dan Dooley, the current Chief Commercial Officer, will become Lynk’s Chief Executive Officer, and the company welcomes Dr. John M. Olson as its new President of Strategic Development. The former CEO and Co-Founder Charles Miller will become Lynk’s Chairman of the Board.

As CEO, Dan Dooley is accountable for strategy, all day-to-day operations, and commercial activity. Dooley brings three decades of experience in the global communications industry, including serving as President of Sprint’s International and Wholesale Divisions. Since joining Lynk in 2021, he has developed and expanded the company’s strategic partnerships with Mobile Network Operators (MNOs) worldwide, including Rogers, Globe, TurkCell, 2Degrees, Spark, Telstra, and 40 other global MNOs, and began limited direct-to-device services in seven countries.

“Lynk’s mission is to enable MNOs to eliminate connectivity gaps for all of their existing and new subscribers globally, expanding beyond the geographical and economic limitations of terrestrial cell towers,” said Dooley. “As CEO of Lynk, our team will continue to build on our commercial success and focus on scaling our satellite development process – both are key to Lynk’s growth.”

Lynk also welcomes Dr. John M. Olson as President of Strategic Development, which includes the Government sector. Olson recently retired as a two-star Air Force General, last serving as the Mobilization Assistant to the Chief of Space Operations in the United States Space Force. He brings decades of executive experience in industry, the White House, and NASA, as well as a pedigree of success scaling and delivering innovative technologies, integrated mission solutions, and world-class commercial services across public and private industries, multiple government departments and agencies, and a broad array of international customers in the space, communications, consumer, and commercial sectors.

Olson stated, “Lynk’s mission is to connect everyone, everywhere, using the standard cell phone in their pocket is inspirational and essential for productivity, prosperity, safety, and security. I look forward to rapidly implementing innovative and responsive solutions across our public, private, and government client ecosystems to unleash the power and potential of this disruptive technology while positioning Lynk for long-term success in close partnerships with our customers, the entire Board and leadership team, and our key partners across the globe.”

Charles Miller, Chairman of the Board, continues to evangelize Lynk’s groundbreaking direct-to-device technology and provide strategic guidance to ensure the company’s transition from an innovative technology company to a scaled commercial success.

“As the co-founder of Lynk, I feel extremely fortunate to have built the team that discovered and invented satellite direct-to-standard-phone technology,” said Miller. “We proved the technology, changed national and international policy, and created a new category within the satellite and mobile wireless industries that could impact the lives of billions. Dan (Dooley) is the right person to take Lynk into the next phase. I am thrilled to support Lynk and Dan in a transition to scale the company to new heights.”

In February 2024, Lynk announced plans to become a publicly listed company through a business combination agreement (the “Business Combination”) with Slam Corp. (NASDAQ: SLAM), a special purpose acquisition company established by baseball legend, investor and Chairman and Chief Executive Officer of A-Rod Corp., Alex Rodriguez, and Founder, Managing Partner and Chief Investment Officer of Antara Capital LP, Himanshu Gulati. Upon the closing of the Business Combination, the new combined company will be named Lynk Global Holdings, Inc. and is expected to be listed on Nasdaq under the ticker symbol “LYNK”. There can be no guarantee that the parties will successfully or timely consummate the business combination. More information about the transaction can be found on Slam Corp.’s website.

About Lynk

Lynk is a patented, proven, and commercially-licensed satellite-direct-to-standard-mobile-phone system. Today, Lynk allows commercial subscribers to send and receive text messages to and from space via standard unmodified, mobile devices. Lynk’s service has been tested and proven on all seven continents, has regulatory approvals in more than 30 countries and is currently being deployed commercially based on more than 40 MNO commercial service contracts covering approximately 50 countries. Lynk is currently providing cell broadcast (emergency) alerts, and two-way SMS messaging, and intends to launch voice and mobile broadband services in the future. For more information, visit www.lynk.world.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240909148059/en/

Tony DeTora

tdetora@lynk.world

Source: Lynk Global, Inc.

FAQ

Who is the new CEO of Lynk Global?

Dan Dooley, formerly the Chief Commercial Officer, has been appointed as the new CEO of Lynk Global.

What is Lynk's plan for becoming a public company?

Lynk plans to become a publicly listed company through a business combination with Slam Corp. (NASDAQ: SLAM), potentially trading under the ticker symbol 'LYNK'.

How many Mobile Network Operators has Lynk partnered with?

Lynk has developed partnerships with over 40 global Mobile Network Operators, including Rogers, Globe, TurkCell, 2Degrees, Spark, and Telstra.

What is Lynk's main mission as stated in the press release?

Lynk's mission is to enable Mobile Network Operators to eliminate connectivity gaps for all their existing and new subscribers globally, expanding beyond the geographical and economic limitations of terrestrial cell towers.