Iridium Communications Inc. (NASDAQ: IRDM) has announced the appointment of Monique Shivanandan to its board of directors, effective immediately. Shivanandan, who has an extensive background in cybersecurity and telecommunications, brings a wealth of experience from senior executive roles in leading banking and financial institutions. Her appointment is expected to bring valuable perspective to the board, given her early career roots in telecommunications.
Shivanandan's previous roles include serving as the group chief data & analytics officer at HSBC Holdings plc since May 2023 and as the chief information security officer at HSBC since July 2020. She also has experience as the group chief information officer at the Chubb Group of Insurance Companies from 2017 to 2020. Additionally, she has held leadership positions at companies such as Aviva plc, Capital One Financial Corporation, Bellsouth, and BT Group plc.
Furthermore, Shivanandan has served on the board of directors of Network International and the board of managers of J.P. Morgan Securities, bringing with her a wealth of experience in corporate governance. She is considered an independent director under applicable rules and regulations and will serve on the compensation committee.
Iridium Communications Inc. is known for being the only mobile voice and data satellite communications network that spans the entire globe. The company, headquartered in McLean, VA, has its common stock trading on the NASDAQ Global Select Market under the ticker symbol IRDM.
This appointment marks a strategic move for Iridium Communications Inc., as it looks to leverage Shivanandan's expertise to further strengthen its position in the global voice and data satellite communications market. Following these announcements, the company's shares moved 2.51%, and are now trading at a price of $29.36. Check out the company's full 8-K submission here.
