There has been a shakeup in LightSquared’s executive ranks following the Federal Communications Commission’s refusal to let the company launch its high-speed wireless network due to potential disruptions to devices that rely on the Global Positioning System. LightSquared’s chief executive, Sanjiv Ahuja, has stepped down. Doug Smith, the company’s chief network officer, and Marc Montagner, its chief financial officer, will serve as interim co-chief operating officers until a permanent CEO can be found. Ahuja will continue to serve as chairman of the board.
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LightSquared Puts Out CEO's Torch
Posted by: Erika Morphy February 29, 2012 02:19 PMThere has been a shakeup in LightSquared’s executive ranks following the Federal Communications Commission’s refusal to let the company launch its high-speed wireless network due to potential disruptions to devices that rely on the Global Positioning System. LightSquared’s chief executive, Sanjiv Ahuja, has stepped down. Doug Smith, the company’s chief network officer, and Marc Montagner, its chief financial officer, will serve as interim co-chief operating officers until a permanent CEO can be found. Ahuja will continue to serve as chairman of the board.