COMSovereign Co-founder, Chairman And CEO Daniel Hodges Resigns; Names David Knight Interim CEO

Communication Systems developer COMSovereign Holding Corp. (COMS) announced Wednesday that the Board of Directors of COMSovereign has accepted the resignation of co-founder, Chairman and CEO Daniel Hodges, effective September 1, 2022.

The Board has also concurrently accepted the resignation of co-founder, President and Board member John Howell, effective on September 1, 2022.

The Board has been reviewing CEO candidates and has appointed David Knight as interim CEO until a formal selection is made.

David Knight, a seasoned and successful technology and operations executive, has been appointed by the Board to replace Hodges. Knight has been advising COMSovereign over the past several months.

He previously served as CEO of cybersecurity company Dispersive Holdings and was CEO of Federos (acquired by Oracle). Knight also held senior management positions at Motorola, SEI and at Micromuse.

In connection with the management changes underway within the Company, the Board has accepted the proposed recommendation for the establishment of a Transition team. The team continues to drastically reduce overhead costs and seeks to divest non-core assets while reshaping sales efforts and making production improvements.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Elon Musk, who recently took Twitter Inc. private in a $44-billion deal, accused Apple Inc. of threatening to block the social media platform from its app store without giving the reason. In a series of tweets on Monday, the Tesla founder and CEO also said the tech giant had stopped advertising on Twitter, and that it was pressuring the firm over content moderation demands. Payments platform Paysafe has inked a partnership deal with Richard Branson's Virgin Voyages to enable travelers to speedily and securely make online payments for reserving next cruise booking. Paysafe's travel solution will also help mitigate all payment risks for travelers. Shares of easyJet plc were losing around 4 percent in the morning trading in London after the British low-cost airline reported a loss in its fiscal 2022. However, the loss was narrower than last year with strong growth in revenues as demand returned. Looking forward, easyJet projects first-quarter load factor growth of approximately 10 percentage points year-over-year.
Follow RTT