MCLEAN, Va., Aug. 21, 2024 /PRNewswire/ — Iridium Communications Inc. (NASDAQ: IRDM) nowadays introduced that Thomas J. Fitzpatrick, 66, the Corporate’s Well-known Monetary Officer (CFO) and Well-known Administrative Officer and Bryan J. Hartin, 60, Government Vice President, Gross sales and Advertising, plan to quit at year-end. Mr. Fitzpatrick will proceed to provide at the Corporate’s Board of Administrators later his departure as CFO.  The Corporate named Vincent O’Neill as its pristine Well-known Monetary Officer and Timothy Latter because the pristine Government Vice President, Gross sales and Advertising, every to be efficient January 1, 2025.

Vincent O’Neill lately serves as Senior Vice President, Finance with duty for treasury, strategic and operational monetary making plans and execution.  He joined Iridium in 2014 as its Vice President of Monetary Making plans and Research. Previous to becoming a member of Iridium, O’Neill used to be CFO of Mobilitie, a wi-fi infrastructure corporate, and prior to now spent 10 years at Nextel Dash in quite a lot of senior finance roles. Previous to Nextel Dash, he labored for Celnet, a Cell Wi-fi Operator in the United Kingdom (now Telefonica).  O’Neill is a Chartered Control Accountant and holds an Accounting and Finance Degree from Technological College Shannon, Eire.

Tim Latter lately serves as Senior Vice President, Gross sales, Product Control and Buyer Lend a hand with duty for the Corporate’s product portfolio, world buyer integration and help for industrial gross sales within the Americas area.  He prior to now served as Vice President and Normal Supervisor, Americas.  Latter joined Iridium in 2012 and has held roles of accelerating duty throughout the gross sales and advertising and marketing group.  Previous to operating at Iridium, Latter held trade construction roles at ORBCOMM, Inc. and BT Staff.  Latter holds an MSc in Telecommunications Industry from College School London, England.

Commenting on those adjustments, Iridium CEO Matt Desch shared, “I’m expecting a seamless leadership transition with the appointment of Vince and Tim to the executive team.  It is a credit to both Tom Fitzpatrick and Bryan Hartin that they have developed leaders on their teams with the experience and vision to successfully succeed them.  Both Vince and Tim have extensive experience working with Iridium’s partners, employees and investors and will continue the success of their predecessors.”  

Talking in particular to the retirements, Desch persisted, “Tom has led Iridium through obtaining export credit financing of the largest-ever satellite constellation refresh, multiple capital market offerings and a strong credit facility with attractive terms, while leading the financial transformation of a company which, by the time of his retirement, is expected to have returned approximately $1.0 billion to shareholders over the previous three years. We are also very fortunate that he will continue to provide strategic leadership and his experience as a continued member of our Board.”  As to Hartin, Desch commented, “Iridium is defined by its products and its partners.  Bryan has successfully overseen the expansion of our commercial business as service revenues grew by 126% since he joined and subscribers almost quadrupled while he led our partner ecosystem growth to over 500 companies.”

All through his 14 years because the Corporate’s CFO and 11 years as a member of its Board of Administrators,  Fitzpatrick led the Corporate’s finance and administrative purposes in the course of the construction and initiation of the Iridium NEXT marketing campaign and its next monetary transformation, important proportion buybacks and the establishing of a quarterly dividend.  “Iridium has been the highlight of my 45-year career. It has been a privilege to play a part in the success of this unique, essential organization.  I thank Matt and the Iridium Board for their consistent support during my time at the company,” mentioned Fitzpatrick. “I am delighted to remain involved in Iridium’s strategic direction through my service on the Board.  I look forward to continuing to work on our important mission in this role.”

Over his 12 years important Gross sales and Advertising, Hartin led the expansion that has pushed subscribers to over 2.3 million customers at the Iridium^® community. As well as, he labored tirelessly to top remarkable protection certifications for Iridium, together with for the International Maritime Misery and Protection Device (GMDSS), that let mariners and explorers around the globe to stay hooked up any place.  “It’s been an honor to be a member of the Iridium family for the past 12 years.  I am very proud of the team we built that has driven Iridium’s consistent track record of growth and success.  I particularly want to thank Matt for all the guidance and support he’s provided me throughout my Iridium career, as well as Iridium’s Board of Directors.  I have cherished my Iridium experience, especially the relationships I’ve developed both internally and externally around the world.”

About Iridium Communications Inc.

Iridium^® is the one cell tone and information satellite tv for pc communications community that spans all of the globe. Iridium permits connections between community, organizations, and belongings to and from any place, in actual life. In conjunction with its ecosystem of spouse firms, Iridium delivers an leading edge and affluent prosperous portfolio of significance answers for markets that require really world communications. In 2024, Iridium bought Satelles, Inc. and introduced the Iridium Satellite tv for pc Hour and Location carrier. Iridium Communications Inc. is headquartered in McLean, Va., U.S.A., and its ordinary reserve trades at the Nasdaq International Make a selection Marketplace below the ticker image IRDM. For more info about Iridium merchandise, services and products, and spouse answers, seek advice from www.iridium.com.

SOURCE Iridium Communications Inc.