- Gogo Inc. (NASDAQ: GOGO) recently announced changes to its board leadership. These are the details.
Gogo Inc. (NASDAQ: GOGO) recently announced that Ronald LeMay has informed the Board of his intention to retire as Chairman and step down from the Board, effective as of December 31, 2020. And Oakleigh Thorne has been elected to succeed LeMay as Chairman and will continue to serve as Gogo’s President and CEO. Current director Hugh Jones was elected to serve as Lead Independent Director, which was also effective December 31, 2020. Following LeMay’s retirement, the Gogo Board will be comprised of eight directors.
Jones has been a Gogo director since 2016. And he previously served in a variety of leadership roles at Sabre, including President of Sabre Airline Solutions from April 2011 to August 2017.
Before the Sabre Airline Solutions role, Jones served as the president and CEO of Travelocity. And Jones has served on the board of directors of the travel technology company Travelport since May 2019.
Gogo is known as one of the leading global provider of network and broadband connectivity products and services for the business aviation market. And the company offers a customizable suite of smart cabin systems for highly integrated connectivity, in-flight entertainment, and voice solutions.
There are over 1,500 business aircraft currently flying with Gogo’s AVANCE L5 or L3 installed. And as of September 30, 2020, Gogo reported 5,577 aircraft flying with Gogo’s air-to-ground (ATG) systems onboard and 4,737 aircraft with satellite connectivity installed. Gogo expected to end 2020 with over 5,700 ATG subscribers online.
KEY QUOTES:
“On behalf of the Board, I want to thank Ron for his excellent stewardship throughout his more than 14-year tenure,” said Mr. Thorne. “Ron was instrumental in guiding the company during some of the most challenging and pivotal times in Gogo’s history; culminating with the successful sale of our CA business to Intelsat earlier this year. I am honored to serve as Chairman as we execute our strategy to capitalize on the opportunities in the business aviation market and drive value for our customers, employees and shareholders.”
— Oakleigh Thorne
“As we embark on this new chapter for Gogo, we’re pleased to appoint Oak to the additional role of Chairman. We believe his strategic vision, proven leadership capabilities and ability to execute through market challenges make him the right person to lead the Gogo Board going forward.”
— Hugh Jones
