• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Gogo Inc. appoints new CEO from Satcom Direct

by December 3, 2024
written by December 3, 2024

Gogo Inc (NASDAQ:GOGO)., known for providing wireless entertainment systems on airplanes, experienced a significant drop in its stock value, with shares falling up to 8.9% on Tuesday. This marked the steepest intraday decline since August.

The dip came as the company announced a series of executive changes ahead of finalizing its acquisition of Satcom Direct.

The company confirmed that Christopher Moore, previously the president of Satcom Direct, will take the helm as CEO upon the completion of the acquisition.

Gogo’s current CEO, Oakleigh Thorne, is set to step down from his role but will continue his involvement with the company as the executive chair.

Additionally, Gogo has announced internal promotions, including Mike Begler, who will serve as the new chief operating officer, and Zachary Cotner, who will take on the responsibilities of chief financial officer.

These appointments come as Jessica Betjemann, the current CFO, steps down in conjunction with the closing of the Satcom transaction.

The acquisition of Satcom Direct has been a point of interest for investors since it was announced on September 30, following which Gogo’s shares saw an increase of 3.4%.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Amazon announces new slate of AI models
next post
Strong jobs report won’t derail Dec. rate cut, but upside inflation might: BofA

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025
    • This California startup is cleaning water and removing CO₂ from the atmosphere — all at a reduced cost

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (504)
    • Stock (6,426)

    Latest News

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

    Popular News

    • Bangladesh central bank hires ‘Big Four’ audit firms to review banks it says lost $17 billion, FT reports
    • Morning Bid: Bracing for higher US yields, dollar, inflation

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy