[SatNews] Other opportunities are pulling a Company executive away...

Globalstar, Inc. (NASDAQ:GSAT) has accepted the resignation of Dirk J. Wild, Senior Vice President and Chief Financial Officer, effective November 11, 2011. Mr. Wild has agreed to stay through this date to oversee the Company's next quarterly financial report which is expected to be filed prior to the effective date of his resignation. Mr. Wild is leaving to pursue other career opportunities in southern Louisiana and the Company wishes him well in his new endeavors. Globalstar is currently engaged in a search for his replacement and Mr. Wild has agreed to help transition his duties. Mr. Wild has held this position with the Company since August 2010 and he successfully completed the relocation of Globalstar's headquarters from Silicon Valley in California to Louisiana. He was instrumental in executing the transition to Louisiana, re-focusing the Company's operations and substantially improving Globalstar's cost structure as the Company deploys its new second-generation constellation and awaits the expected return of high quality two-way satellite voice and data services next year.