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This transition is effective immediately. Dr. Jacobs has also assumed a position on Globalstar’s Board of Directors, further underscoring his significant role within the organization.
Dr. Jacobs said, “I have devoted my career to advancing and commercializing innovation in wireless technology and am thrilled to continue this journey as CEO of Globalstar. The teams I’ve led have demonstrated the value creation that is possible by applying new technology to enhance capacity of underappreciated spectrum, and that is one of the many opportunities I see at Globalstar.”
GSAT shares rose as much as 19% in pre-open Tuesday.
