Maxar Technologies (NYSE:MAXR) (TSX:MAXR) ("Maxar" or the "Company"), has appointed Daniel Jablonsky to the position of President and Chief Executive Officer of Maxar, effective immediately.
Mr. Jablonsky, who most recently served as President of DigitalGlobe, a Maxar Technologies company, will also join the Maxar Board of Directors. He succeeds Howard Lance, who has resigned from his roles as President and Chief Executive Officer and as a Director of Maxar.
General Howell M. Estes III, Chairman of the Maxar Board, said, "Dan has been a key member of the management team since his arrival to DigitalGlobe in 2012 and has taken on increased responsibilities following the closing of the Company's merger. Dan's experience as President of DigitalGlobe, after previously serving as both General Counsel and General Manager of the U.S. and International Defense and Intelligence businesses, and participation in Maxar's executive leadership, provides him with a deep understanding of Maxar's businesses, operations and strategy. He has worked closely with many of our largest customers, including the U.S. Government, and has a unique appreciation for the value of our mission-critical services as a former Surface Warfare Officer and Nuclear Engineer in the U.S. Navy. Dan is the right leader for Maxar and now is the right time for this transition as we work to unlock the value of our operations for all stakeholders and maximize returns for our shareholders."
Mr. Jablonsky said, "I am honored that the Board has appointed me to lead Maxar at this important time. Our top priority is to serve our government and commercial partners and strengthen our operational and financial performance, including delivering sustainable revenue and cash flows, determining a definitive resolution for the GEO communications satellite line of business, and clarifying longer-term growth prospects, required investments and the optimal capital structure. Maxar has a strong foundation and delivers compelling solutions to serve as a mission-critical partner to our customers. Along with our management team and dedicated team members, I am committed to the future of Maxar and meeting the needs and expectations of all of our stakeholders. We are already working on action plans and will address these plans in the near future."
General Estes continued, "On behalf of the Board, I want to thank Howard for his service over the last three years. One of Howard's most important accomplishments was the U.S. Domestication and development of a strong and highly-experienced management team, and the Board is confident that this team, under Dan's leadership, will continue serving customers and enhance value for shareholders."