NextNav Inc. (NASDAQ: NN) , a developer in next generation GPS and 3D geolocation, announced the appointment of Mariam Sorond as NextNav’s new Chief Executive Officer. Sorond will also join NextNav’s Board of Directors upon assuming her new role as CEO. Ganesh Pattabiraman, NextNav’s Co-Founder and current CEO, made the personal decision to step down from his role as CEO. Pattabiraman plans to remain as a senior advisor to the company for two years.
“Having devoted my career to advancing and commercializing innovation in technology, I am thrilled to continue this journey at the helm of NextNav,” Sorond said. “I am deeply committed to realizing the full value of NextNav’s spectrum asset and next-generation 3D PNT [positioning, navigation and timing] technology to drive growth and deliver long-term shareholder value.”
NextNav provides nationwide “Pinnacle” location network to 911 operators in the U.S., providing “floor-level” altitude data in over 90 percent of the commercial structures that are taller than three stories. The network is now being used by all four nationwide wireless network operators in the U.S. to help route emergency responders to 911 callers inside buildings.
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