Viasat Announces Executive Reorganization and Departure of President in Recent 8-K Filing

Viasat Inc. with NASDAQ ticker symbol VSAT has recently disclosed significant changes in its Senior Executive Team in an 8-K filing submitted to the United States Securities and Exchange Commission on January 16, 2025.

The filing stated that Kumara Guru Gowrappan will cease his role as President of the company effective January 23, 2025. Mr. Gowrappan is anticipated to enter into an employment transition agreement to provide transition services until April 30, 2025, or the termination date of his employment. During this transitional period, Mr. Gowrappan will continue to receive his current base salary, employee benefits, and his equity awards will vest according to their terms.

Furthermore, upon the conclusion of the transition period, subject to certain conditions, Viasat will offer Mr. Gowrappan the severance outlined in his agreement along with an additional lump sum cash payment. Additional details of Mr. Gowrappan’s transition agreement will be included as an exhibit to the company’s Annual Report on Form 10-K for the fiscal year concluding on March 31, 2025.

In an accompanying move, Girish Chandran, Viasat’s Chief Technology Officer, will take on the responsibilities of the President of Global Space Networks, effective January 22, 2025. Simultaneously, Craig Miller, the former President of Global Space Networks, will now serve as the Senior Vice President of Strategic Initiatives within the organization.

The company also shared a press release alongside the 8-K filing, emphasizing a reorganization of its executive team. Viasat reconfirmed its financial guidance for the fiscal year 2025, aligning with the details provided during the previous quarterly earnings announcement on November 6, 2024.

Viasat, recognized as a leader in global satellite communications, is positioned to navigate these leadership changes towards sustained growth. The company stresses its commitment to connectivity across the world and its strategic focus on global communications networks to ensure reliable, affordable, and secure connections.

For further insights, the official press release concerning the executive reorganization, including statements from key personnel, is attached as Exhibit 99.1 to the filing.

This news coincides with Viasat’s ongoing efforts to innovate and expand its influence in the satellite communications sector while adapting to a dynamic business landscape, solidifying its position as a global player in this industry.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Viasat’s 8K filing here.

Viasat Company Profile

Viasat, Inc provides broadband and communications products and services worldwide. The company's Satellite Services segment offers satellite-based fixed broadband services, including broadband internet access and voice over internet protocol services to consumers and businesses; in-flight entertainment and aviation software services to commercial airlines and private business jets; satellite-based connectivity services; mobile broadband services, including satellite-based internet services to energy offshore vessels, cruise ships, consumer ferries, and yachts; and energy services, which include ultra-secure solutions IP connectivity, bandwidth-optimized over-the-top applications, industrial internet-of-things big data enablement, and industry-leading machine learning analytics.