Viasat advances Dankberg to executive chairman

Viasat advances Dankberg to executive chairman

Mark Dankberg - Viasat.png

Viasat confirms that Viasat's chairman and chief executive officer Mark Dankberg has been appointed to the new position of executive chairman of the company.

Taking over from Dankberg’s previous role is the company's president and chief operating officer, Rick Baldridge has now been named president and chief executive officer. Both executive changes came into effect on 3 November 2020.

"This represents a natural evolution and will best serve the interests of Viasat's long-term future, as we execute against our plan to deliver ubiquitous, affordable connectivity that will help close the global digital divide," said Dankberg (pictured).

"Rick has been managing virtually all of the Company's operations and key direct reports for several years, while I have been focused on technology innovation, industry thought leadership and regulatory issues at a time of dynamic change and opportunity within the space and broadband sectors. I'm very pleased Rick has agreed to take on the CEO role.”

“We have built a close relationship through the years that is reflected in every part of Viasat – from our company culture, to our business strategies and operational execution. And for me personally, this is an opportunity to define a role where I can continue to contribute to our success for years to come."

As executive chairman, Dankberg will continue to advance the strategic technology and business direction of the company, as well as continue to influence the national and global space and broadband regulatory environments.

As president and CEO, Baldridge will continue his executive and operational leadership, with a focus on building and growing a customer-centric organisation that will continue to deliver compelling global services and products. In addition. Baldridge will retain his seat on the Viasat board of directors. 

"I am honoured to lead Viasat, a company that I have devoted many years to help build. We have leading technology, strong business segments, exceptional people and the resources needed to make the Company a formidable global player in broadband communications,” added Baldridge.

“In working with the board of directors, Mark and the global Viasat team, we will continue to embrace new and emerging technologies that enable us to elevate our customers' experiences, extend our market leadership and deliver long-term, differentiated value for our stakeholders.”

“On a personal note, I want to thank Mark for his continued confidence and trust in what we can achieve together—we have worked hand-in-hand for quite some time dividing tasks on a situational basis. This transition gives us the chance to form a stronger structure for future succession and global growth."

This change in leadership comes at time when the company as it prepares for the upcoming launch of the ViaSat-3 global constellation. The new constellation will expand Viasat's reach and capabilities into new geographies and emerging vertical markets.

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