Iridium(US:IRDM) Prnewswireยท2024-08-21 11:00Core Insights - Iridium Communications Inc. announced the retirement of CFO Thomas J. Fitzpatrick and Executive Vice President of Sales and Marketing Bryan J. Hartin at year-end 2024, with Vincent O'Neill and Timothy Last appointed as their successors effective January 1, 2025 [1][4] Leadership Changes - Thomas J. Fitzpatrick, 66, will retire as CFO but will remain on the Board of Directors, having led significant financial transformations and shareholder returns of approximately $1.0 billion over the past three years [1][4] - Bryan J. Hartin, 60, oversaw a 126% growth in service revenues and nearly quadrupled subscribers to over 2.3 million during his tenure [1][4] New Appointments - Vincent O'Neill, currently Senior Vice President of Finance, will become the new CFO; he has been with Iridium since 2014 and has prior experience as CFO of Mobilitie and in senior finance roles at Nextel Sprint [2] - Timothy Last, currently Senior Vice President of Sales, Product Management and Customer Care, will take over as Executive Vice President of Sales and Marketing; he has been with Iridium since 2012 and has held various roles in sales and marketing [3] Company Performance - Under Fitzpatrick's leadership, the company achieved significant milestones including the largest-ever satellite constellation refresh and multiple capital market offerings [4] - Hartin's leadership contributed to the expansion of Iridium's commercial business and the growth of its partner ecosystem to over 500 companies [4] Company Overview - Iridium Communications Inc. operates the only mobile voice and data satellite communications network that provides global coverage, enabling real-time connections [5] - The company acquired Satelles, Inc. in 2024 and announced the Iridium Satellite Time and Location service, enhancing its portfolio of reliable communication solutions [5]