LightSquared Chief Executive Resigns

摘要

Embattled mobile broadband startup LightSquared said Feb. 28 that San-jiv Ahuja has resigned as its chief executive but will continue to serve as chairman of the board. LightSquared, whose plan for a network serving North America was nixed by U.S. regulators over GPS interference concerns, named Doug Smith, currently the company's chief network officer, and Marc Montagner, the chief financial officer, as its interim chief operating officers. Philip Falcone, whose hedge fund Harbinger Capital Partners has invested approximately $3 billion in Light-Squared, has been appointed to the board of directors. LightSquared said it has begun a search for a new chief executive.