Viasat Restructures Leadership, President Gowrappan Exits

Viasat is undergoing a significant restructuring of its executive team, leading to the departure of President Guru Gowrappan, who will remain in an advisory role until April 30, 2025. His exit follows the successful integration of Inmarsat, with Viasat announcing no plans to replace his position. Craig Miller has been appointed as Senior Vice President of Strategic Initiatives, while Girish Chandran will expand his role as President of Global Space Networks. The changes come as Viasat aims to enhance its strategic growth initiatives and maintain operational efficiency. Following the news, Viasat's shares fell by 11%, reflecting broader market trends in the space industry. The company has reaffirmed its financial guidance for FY 2025, emphasizing stability amid leadership changes.