LightSquared Vows to Replace CEO, Find 'Solutions' to Regulatory Issues
Bloomberg BNA By Paul Barbagallo
Amid increasing regulatory uncertainty, LightSquared is now faced with the task of finding a new chief executive officer.
CEO Sanjiv Ahuja announced his resignation Feb. 28, forcing Doug Smith, the company's chief network officer, and Marc Montagner, chief financial officer, to fill in as interim co-chief operating officers while the company searches for Ahuja's replacement. Ahuja will continue to serve as chairman of the board, the company said.
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