Vern Fotheringham Named CEO of Leosat
Arlington, Virginia – March 4, 2015 – Leosat, LLC, a company developing a low earth orbit (LEO) satellite constellation to provide worldwide coverage, today announced the appointment of Vern Fotheringham as Chief Executive Officer and outlined the company’s vision publicly for the first time since beginning its development in 2013.
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| Vern Fotheringham |
Founded by former Schlumberger executives Cliff Anders and Phil Marlar, Leosat has been developing its network architecture, spectrum planning, and satellite payload since 2013. This work has been done in conjunction with several leading global aerospace engineering contractors and satellite equipment manufacturers and has created a solid foundation upon which to build the company’s global operations and market reach. The company’s vision is to deliver cost-effective, extremely high-speed, low-latency, highly secured data network service offerings to address the unmet needs of business and government markets.
“This is an exciting time in the satellite industry, with technology driving increased demand, costs coming down and several notable players such as Google, SpaceX and OneWeb helping to fuel the category,” said Christopher Baugh, president and founder of NSR, a satellite industry consulting company. “Leosat is positioning its service offerings primarily on potentially lucrative business and government market opportunities. There is a big international market to be served by a unified global broadband network with significant revenue potential at stake,” Baugh added.
“Given the strategic objectives associated with Leosat’s next stage of development, it was important to bring in an industry leader with a proven track record of innovation and corporate development,” stated Cliff Anders, co-founder of Leosat. “When we became aware that Vern was available, we knew we had found the right satellite industry pioneer to help us build Leosat into a world-class organization and operating company,” Anders added.
Fotheringham, who most recently was Chairman and CEO of Kymeta Corporation, has more than 30 years of experience in the broadband wireless and satellite communications industry. He has created and built numerous successful ventures and contributed to many large-scale projects for major service providers, system vendors and software solution suppliers. He has also been a public policy and regulatory advocate for new telecommunications service rules and standards, and an inventor and creator of now globally adopted standards, and innovative new products, and services.
