NextNav Appoints Former Verizon Executive to Board

NextNav (NASDAQ: NN) has announced the appointment of Nicola Palmer to its board of directors, effective June 24, 2024. With this appointment, the board now comprises seven directors. Ms. Palmer, a former Verizon executive, brings deep expertise in the strategic development, operation, and expansion of ecosystems powered by 5G technology and the development of products and services to advance 5G growth.

As the former Chief Product Officer of Verizon, Palmer led the organization's broad technical capabilities and assets to innovate, develop, and rapidly deliver a portfolio of products and services for customers of all Verizon businesses. She also oversaw the identification, development, acquisition, and application of new technologies to advance network capabilities.

Ms. Palmer's leadership roles have spanned engineering, operations, and technology supporting advanced data and wireless products, serving as Chief Technology Officer, Chief Engineering Officer, and Head of Wireless Networks. She earned a bachelor's degree in industrial engineering from Penn State University and an MBA from the University of Pennsylvania's Wharton School.

NextNav is a leader in next-generation positioning, navigation, and timing (PNT), enabling a whole new ecosystem of applications and services that rely upon 3D geolocation and PNT technology. Powered by low-band licensed spectrum, NextNav's positioning and timing technologies deliver accurate, reliable, and resilient 3D PNT solutions for critical infrastructure, GPS resiliency, and commercial use cases.

Ms. Palmer's appointment brings valuable industry experience to NextNav as it continues to advance its vision for an innovative spectrum solution in the lower 900 MHz band that will unleash spectrum for terrestrial 3D PNT solutions and 5G broadband. As a result of these announcements, the company's shares have moved 3.0% on the market, and are now trading at a price of $8.12. For more information, read the company's full 8-K submission here.

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