Viasat Appoints Gary Chase as Chief Financial Officer
Viasat (NASDAQ: VSAT) has appointed Gary Chase as Chief Financial Officer, effective September 16, 2024. Chase, formerly of Delta Air Lines, brings extensive operational finance expertise to support Viasat's growth plans. He replaces Shawn Duffy, who will transition to Chief Accounting Officer. At Delta, Chase oversaw key financial functions and served on the Leadership Committee. His experience includes roles in Financial Planning & Analysis, Investor Relations, and Corporate Planning.
Viasat CEO Mark Dankberg highlighted Chase's expertise in scaled operational financial systems and his perspective as a Viasat customer. Chase is expected to focus on increasing financial and operational automation, sharpening focus on cash generation, and optimizing Viasat's capital structure. The company aims to leverage Chase's experience to create value for employees, customers, and shareholders.
Viasat (NASDAQ: VSAT) ha nominato Gary Chase come Chief Financial Officer, con effetto dal 16 settembre 2024. Chase, precedentemente di Delta Air Lines, porta un'ampia esperienza nella finanza operativa per supportare i piani di crescita di Viasat. Sostituisce Shawn Duffy, che passerà a ricoprire il ruolo di Chief Accounting Officer. Presso Delta, Chase ha supervisionato funzioni finanziarie chiave e ha fatto parte del Comitetto di Leadership. La sua esperienza include ruoli nella Pianificazione e Analisi Finanziaria, nelle Relazioni con gli Investitori e nella Pianificazione Aziendale.
Il CEO di Viasat, Mark Dankberg, ha messo in evidenza l'esperienza di Chase nei sistemi finanziari operativi scalati e la sua prospettiva come cliente di Viasat. Si prevede che Chase si concentrerà sull'aumento dell'automazione finanziaria e operativa, sul miglioramento della generazione di cassa e sull'ottimizzazione della struttura di capitale di Viasat. L'azienda mira a sfruttare l'esperienza di Chase per creare valore per dipendenti, clienti e azionisti.
Viasat (NASDAQ: VSAT) ha nombrado a Gary Chase como Chief Financial Officer, con efectividad a partir del 16 de septiembre de 2024. Chase, anteriormente de Delta Air Lines, aporta una amplia experiencia en finanzas operativas para apoyar los planes de crecimiento de Viasat. Reemplaza a Shawn Duffy, quien pasará a ser Chief Accounting Officer. En Delta, Chase supervisó funciones financieras clave y formó parte del Comité de Liderazgo. Su experiencia incluye roles en Planificación y Análisis Financiero, Relaciones con Inversores y Planificación Corporativa.
El CEO de Viasat, Mark Dankberg, destacó la experiencia de Chase en sistemas financieros operativos a gran escala y su perspectiva como cliente de Viasat. Se espera que Chase se enfoque en aumentar la automatización financiera y operativa, afilar el enfoque en la generación de efectivo y optimizar la estructura de capital de Viasat. La compañía busca aprovechar la experiencia de Chase para crear valor para empleados, clientes y accionistas.
비아사트(Viasat, NASDAQ: VSAT)는 게리 체이스(Gary Chase)를 최고 재무 책임자(Chief Financial Officer)로 임명했다고 발표했습니다. 임기는 2024년 9월 16일부터 시작됩니다. 체이스는 델타 항공(Delta Air Lines)에서 이전에 근무하며 비아사트의 성장 계획을 지원하기 위해 광범위한 운영 재무 전문 지식을 제공합니다. 그는 샤운 더피(Shawn Duffy)를 대체하며, 더피는 최고 회계 책임자(Chief Accounting Officer)로 전환할 예정입니다. 델타에서 체이스는 주요 재무 기능을 감독하고 리더십 위원회에서 활동했습니다. 그의 경험에는 재무 계획 및 분석, 투자자 관계, 기업 계획 등의 역할이 포함됩니다.
비아사트 CEO 마크 댄크버그(Mark Dankberg)는 체이스의 대규모 운영 재무 시스템 전문성과 비아사트 고객으로서의 관점을 강조했습니다. 체이스는 재무 및 운영 자동화를 증대시키고, 현금 생성에 대한 집중을 강화하며, 비아사트의 자본 구조를 최적화하는 데 초점을 맞출 것으로 예상됩니다. 회사는 체이스의 경험을 활용하여 직원, 고객 및 주주를 위한 가치를 창출하는 것을 목표로 하고 있습니다.
Viasat (NASDAQ: VSAT) a nommé Gary Chase au poste de Chief Financial Officer, à compter du 16 septembre 2024. Ancien de Delta Air Lines, Chase apporte une vaste expérience en finance opérationnelle pour soutenir les plans de croissance de Viasat. Il remplace Shawn Duffy, qui deviendra Chief Accounting Officer. Chez Delta, Chase a supervisé des fonctions financières clés et a siégé au Comité de Direction. Son expérience comprend des rôles en Planification et Analyse Financière, Relations Investisseurs et Planification d'Entreprise.
Le PDG de Viasat, Mark Dankberg, a souligné l'expertise de Chase dans les systèmes financiers opérationnels à grande échelle ainsi que sa perspective en tant que client de Viasat. On s'attend à ce que Chase se concentre sur l'augmentation de l'automatisation financière et opérationnelle, sur le renforcement de la génération de liquidités et sur l'optimisation de la structure du capital de Viasat. L'entreprise vise à tirer parti de l'expérience de Chase pour créer de la valeur pour ses employés, ses clients et ses actionnaires.
Viasat (NASDAQ: VSAT) hat Gary Chase zum Chief Financial Officer ernannt, der am 16. September 2024 in Kraft tritt. Chase, zuvor bei Delta Air Lines, bringt umfangreiche Expertise im operativen Finanzwesen mit, um die Wachstumspläne von Viasat zu unterstützen. Er ersetzt Shawn Duffy, der zum Chief Accounting Officer wechseln wird. Bei Delta überwachte Chase wichtige Finanzfunktionen und war Mitglied des Führungskomitees. Seine Erfahrung umfasst Rollen in der Finanzplanung und -analyse, in der Investorenbeziehungen und in der Unternehmensplanung.
Viasat-CEO Mark Dankberg hob Chases Fachwissen in skalierbaren operativen Finanzsystemen und seine Perspektive als Viasat-Kunde hervor. Es wird erwartet, dass Chase sich darauf konzentriert, die finanzielle und operative Automatisierung zu erhöhen, den Fokus auf die Cash-Generierung zu schärfen und die Kapitalstruktur von Viasat zu optimieren. Das Unternehmen beabsichtigt, Chases Erfahrung zu nutzen, um Wert für Mitarbeiter, Kunden und Aktionäre zu schaffen.
- Appointment of Gary Chase as CFO brings extensive operational finance expertise
- Chase's experience includes overseeing key financial functions at a major airline
- Focus on increasing financial and operational automation
- Emphasis on cash generation and Inmarsat integration
- Retention of former CFO Shawn Duffy as Chief Accounting Officer maintains continuity
- Potential adjustment period for new CFO transitioning from airline industry to satellite communications
Scalable operational finance expertise supports growth plans
Mr. Chase joins Viasat from Delta Air Lines, where he most recently served as Senior Vice President of Operational Finance and was a member of the Delta Leadership Committee, a group of top executives reporting directly to the CEO. During his more than 12-year tenure at Delta Air Lines, Mr. Chase oversaw a number of important financial functions, including Financial Planning & Analysis, Investor Relations, and Corporate Planning, as well as Operational Finance. Mr. Chase also served as Delta's Chief Strategy Officer. Prior to joining Delta, Mr. Chase was an Institutional Investor ranked analyst and Managing Director in equity research at Barclays Capital and Lehman Brothers in
"We are thrilled to welcome Gary to Viasat and look forward to adding his expertise in scaled operational financial systems to support our growth objectives," said Mark Dankberg, Chairman and CEO of Viasat. "Gary's extensive operational experience, and his perspective as a Viasat customer, make him well positioned to increase financial and operational automation and rigor, and sharpen our focus on cash generation and Inmarsat integration. He will play a pivotal financial and business oversight role for Viasat, with emphasis on data systems architecture and linking operational and financial metrics, delivering efficiencies, and optimizing our capital structure to create value for our employees, customers, and shareholders."
Dankberg continued, "We are also very pleased that Shawn will stay on in her newly created role. Since becoming CFO in 2014, Viasat's revenues have more than tripled to
"I am excited to join Viasat as its next CFO at such an important time in the company's history," said Mr. Chase. "I have a tremendous amount of respect for Viasat's businesses and its global mission of delivering safety and connectivity to customers in the air, at sea, and on land. I look forward to partnering with Mark, Guru, Shawn and the rest of the leadership team to further advance the finance function and its support for Viasat's strategic initiatives and shareholder value creation."
About Gary Chase
Prior to joining Viasat, Mr. Chase led the formation and development of Delta Air Line's Operational Finance function, charged with developing data and analytics that support business process improvement and transformation. Mr. Chase and his team were responsible for developing and executing the long-term plans and initiatives required for Delta to achieve its strategic and financial objectives. He had previous oversight for the Financial Planning and Analysis, Treasury, Fleet Procurement and Strategy, Investor Relations, Pension Management, and Corporate Audit functions. He is most proud of the high caliber team he leaves behind, the many careers he has helped to develop, and the contributions his former teammates continue to make. Mr. Chase graduated with a bachelor's degree in economics from Union College and earned his MBA from the Amos Tuck School of Business at Dartmouth.
About Viasat
Viasat is a global communications company that believes everyone and everything in the world can be connected. With offices in 24 countries around the world, our mission shapes how consumers, businesses, governments and militaries around the world communicate and connect. Viasat is developing the ultimate global communications network to power high-quality, reliable, secure, affordable, fast connections to positively impact people's lives anywhere they are—on the ground, in the air or at sea, while building a sustainable future in space. In May 2023, Viasat completed its acquisition of Inmarsat, combining the teams, technologies and resources of the two companies to create a new global communications partner. Learn more at www.viasat.com, the Viasat News Room or follow us on Facebook, Instagram, LinkedIn, X or YouTube.
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Forward-Looking Statements
This press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward-looking statements include, among others, statements that refer to the responsibilities of Mr. Chase and Ms. Duffy, and the resulting benefits to employees, customers and shareholders. Readers are cautioned that actual results could differ materially from those expressed in any forward-looking statements. Factors that could cause actual results to differ include: our ability to realize the anticipated benefits of the ViaSat-3 class satellites and any future satellite we may construct or acquire; unexpected expenses related to our satellite projects; our ability to successfully implement our business plan for our broadband services on our anticipated timeline or at all; capacity constraints in our business in the lead-up to the launch of services on our ViaSat-3 satellites; risks associated with the construction, launch and operation of satellites, including the effect of any anomaly, operational failure or degradation in satellite performance; our ability to successfully develop, introduce and sell new technologies, products and services; changes in the global business environment and economic conditions; our reliance on a limited number of third parties to manufacture and supply our products; increased competition; and our level of indebtedness and ability to comply with applicable debt covenants. In addition, please refer to the risk factors contained in our SEC filings available at www.sec.gov, including our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update or revise any forward-looking statements for any reason.
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SOURCE Viasat, Inc.
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