Oct 30, 2018   SOURCE: BusinessWire

Kymeta Announces Transition of CEO Nathan Kundtz

Kymeta—the communications company making good on the promise of global mobile connectivity—today announced that Chief Executive Officer Dr. Nathan Kundtz will leave his current role with Kymeta next month and will continue in an advisory role to the company going forward. Marc Stolzman, Kymeta’s President and Chief Financial Officer, will guide the company’s day-to-day operations in the interim while the Kymeta Board of Directors conducts a global search for the next Kymeta chief executive officer.

“Nathan is a pioneer whose technical contributions have set a foundation for our company and the industry,” said Kymeta Chairman, Rodi Guidero. “We are pleased Nathan will continue to be a valued technical advisor and we’re looking forward to bringing on additional talent and leadership to launch the next stage of Kymeta.”

“I believe in Kymeta and I am proud of where we are today,” said Dr. Kundtz. “We have taken an incredible idea and turned it into a viable, commercially available product that will play a critical role in providing connectivity to every corner of the earth. That is an amazing accomplishment. Kymeta is now in a true stage of commercial operations, and I share the belief of the full Kymeta Board that our company now needs the leadership experience of someone with a track record of driving significant commercial growth.”

Kymeta recently closed a sizeable financing round while also significantly growing its network of global partners. The company continues to be well supported by its investors and has a strong foundation for continued growth and long-term success.

About Kymeta

The world’s demand for ubiquitous mobile connectivity is irrefutable. A global, mobile network is the answer to connecting people and places that have never been connected before.

Kymeta is making seamless, always-connected mobile communications possible across satellite and cellular networks to deliver a single, global, mobile network. Backed by U.S. and international patents and licenses, the Kymeta KyWay™ satellite terminal makes high-throughput, mobile communications possible in cars, trains, buses, trucks, boats, and much more.

If it moves, Kymeta keeps it connected.

For more information, visit kymetacorp.com.