EchoStar names Hamid Akhavan as CEO and President, effective March 31, 2022

EchoStar CORP

Michael Dugan retires as CEO/President on March 31, 2022; stays on board of directors.
Hamid Akhavan appointed CEO/President effective March 31, 2022; previously partner at Twin Point Capital.
Akhavan's compensation: $1M base salary, $1M target annual cash award (2022 minimum $750k), equity of 700k options + 300k RSUs vesting over 3 years.
Akhavan was CEO of Unify and T-Mobile International; serves on boards of Vonage and Anterix.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Michael Dugan

Chief Executive Officer

SATS · EchoStar CORP

Effective: 2022-03-31
Successor: Hamid Akhavan
Filed: February 22, 2022, 6:59 PM ET

Michael Dugan would be stepping down as the Company’s Chief Executive Officer simultaneously with Mr. Akhavan’s commencing employment.

Appointed

Hamid Akhavan

Chief Executive Officer and President

SATS · EchoStar CORP

Effective: 2022-03-31
Filed: February 22, 2022, 6:59 PM ET

Hamid Akhavan will join the Company as its Chief Executive Officer and President.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.98

Michael Dugan departed as Chief Executive Officer at EchoStar CORP.

Action: stepped down
Role: Chief Executive Officer

Exact text from the filing

Michael Dugan would be stepping down as the Company’s Chief Executive Officer simultaneously with Mr. Akhavan’s commencing employment.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.98

Hamid Akhavan was appointed as Chief Executive Officer and President at EchoStar CORP.

Action: appointed
Role: Chief Executive Officer and President

Exact text from the filing

Hamid Akhavan will join the Company as its Chief Executive Officer and President.

View on SEC.gov

EchoStar CORP filing history →

Source: SEC EDGAR

accession 0001415404-22-000002

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