Viasat reshuffles executive team for growth strategy

CARLSBAD, Calif. - In a strategic move aimed at bolstering its long-term growth, Viasat, Inc. (NASDAQ: VSAT) announced today a significant restructuring of its Senior Executive Team. The company, currently valued at $1.52 billion, has seen its stock surge 47% over the past week. According to InvestingPro analysis, the stock appears to be trading above its Fair Value. Craig Miller, formerly President of Global Space Networks, has been appointed as Senior Vice President, Strategic Initiatives. In his new capacity, Miller will collaborate directly with Viasat's Chairman and CEO, Mark Dankberg, on strategic growth endeavors.

Concurrently, Girish Chandran, the current Chief Technology Officer, expands his role to include the duties of President of Global Space Networks. Chandran, with over two decades of experience in satellite systems and technology, is expected to spearhead the company's efforts in this sector.

In a related development, Guru Gowrappan, who served as President, will be exiting the company. Gowrappan will remain in an advisory capacity through April to facilitate a smooth transition. His departure follows the successful integration of Inmarsat, a recent acquisition by Viasat, which has been cited as achieving accelerated synergies under his leadership.

Dankberg expressed gratitude for Gowrappan's contributions, particularly in building a robust team and consolidating operations. Gowrappan reflected positively on his tenure, emphasizing the rewarding experience of leading Viasat through the Inmarsat integration and positioning the company for future growth.

Viasat has confirmed that it will not seek a replacement for the role of President at this time. The company also reaffirmed its fiscal year 2025 financial guidance, which was previously disclosed on November 6, 2024, during the last quarterly earnings announcement.

This restructuring announcement comes after Viasat's acquisition of Inmarsat in May 2023, an event that combined the resources of both companies to form a new global communications partner. The acquisition has contributed to a significant debt burden, with total debt reaching $9.26 billion, though the company maintains a healthy current ratio of 1.44. Viasat, a global communications company with a presence in 24 countries, continues to strive towards connecting the world through its advanced satellite network. InvestingPro subscribers have access to 10+ additional key insights and detailed financial metrics about Viasat's post-merger performance through our comprehensive Pro Research Report.

The information in this article is based on a press release statement from Viasat, Inc.

In other recent news, Viasat Inc. has been selected for a NASA contract potentially worth $4.8 billion, marking a significant milestone for the company. This contract is part of NASA's Near Space Network (NSN) Services, aiming to enhance direct-to-Earth communication capabilities for space missions. Viasat's Defense and Advanced Technologies business unit will provide global ground segment support services under this contract.

The company has also completed the sale of its Energy Services System Integration business to MAG Capital Partners (WA:CPAP), a strategic move aimed at enhancing its financial position. Furthermore, Viasat, in collaboration with Altán, a Mexican telecommunications wholesaler, has launched a new broadband service in Mexico, aiming to provide internet connectivity to previously uncovered areas.

In terms of financial performance, Viasat reported improved Q2 2025 results, with a significant reduction in net loss to $138 million from the previous $767 million, despite a slight decrease in revenue. These recent developments underscore Viasat's ongoing efforts to enhance its financial position, expand its services, and navigate market challenges.

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