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Viasat Welcomes Gary Chase as New Chief Monetary Officer This September
Thursday, August 29, 2024
Studying Time: 2 minutes
Viasat, a outstanding identify in world satellite tv for pc communications, has introduced a major management change, appointing Gary Chase as its new Chief Monetary Officer, beginning September 16, 2024. Gary Chase will take over from Shawn Duffy, who will transition to the function of Chief Accounting Officer, persevering with his journey with Viasat.
Gary Chase brings a wealth of expertise from his earlier function at Delta Air Traces, the place he served as Senior Vice President of Operational Finance. As a part of Delta’s Management Committee, he was among the many choose high executives immediately reporting to the CEO. Throughout his spectacular 12-year tenure at Delta, Chase performed a pivotal function in overseeing essential monetary operations, together with Monetary Planning & Evaluation, Investor Relations, and Company Planning, together with Operational Finance. His strategic insights had been additional honed throughout his time as Delta’s Chief Technique Officer.
Earlier than becoming a member of Delta Air Traces, Chase had an illustrious profession in fairness analysis as a Managing Director at Barclays Capital and Lehman Brothers in New York. His experience as an Institutional Investor ranked analyst made him a key determine in analyzing and advising on the airline and transportation sectors for over a decade.
With Chase’s appointment, Viasat goals to leverage his in depth monetary and strategic acumen to drive the corporate’s development and innovation within the satellite tv for pc communications business.
“We are thrilled to welcome Gary to Viasat and look forward to adding his expertise in scaled operational financial systems to support our growth objectives,” mentioned Mark Dankberg, Chairman and CEO of Viasat. “Gary’s extensive operational experience, and his perspective as a Viasat customer, make him well positioned to increase financial and operational automation and rigor, and sharpen our focus on cash generation and Inmarsat integration. He will play a pivotal financial and business oversight role for Viasat, with emphasis on data systems architecture and linking operational and financial metrics, delivering efficiencies, and optimizing our capital structure to create value for our employees, customers, and shareholders.”
Dankberg continued, “We are also very pleased that Shawn will stay on in her newly created role. Since becoming CFO in 2014, Viasat’s revenues have more than tripled to $4.5 billion. Her deep understanding of the industry, as well as our company, make her a valued member of our executive team, and she’ll continue to provide financial advisory, accounting and reporting, tax strategy and governance oversight.”
“I am excited to join Viasat as its next CFO at such an important time in the company’s history,” mentioned Mr. Chase. “I have a tremendous amount of respect for Viasat’s businesses and its global mission of delivering safety and connectivity to customers in the air, at sea, and on land. I look forward to partnering with Mark, Guru, Shawn and the rest of the leadership team to further advance the finance function and its support for Viasat’s strategic initiatives and shareholder value creation.”
