NextNav Announces Appointment of Neil Subin as New Board Member
August 10 2022 - 8:00AM
NextNav (Nasdaq: NN), a leader in next generation GPS, today
announced that Neil S. Subin has joined the company’s board of
directors effective today. Mr. Subin replaces Peter Barris, who was
recently named Chairman of the Board of Trustees of Northwestern
University.
“We are delighted to welcome Neil to NextNav’s board,” commented
Gary Parsons, the Chairman of NextNav. “Neil is a respected leader
with deep financial expertise and a proven track record of
developing technology companies, especially within the
telecommunications industry. His wealth of experience and insights
will be invaluable as we continue to grow as a public company. We
would also like to thank Peter Barris for his many years of service
to the company and wish him well in his new role as Board Chairman
at Northwestern.”
Mr. Subin currently serves as Chief Investment Officer for
MILFAM, a single-family office. Throughout his career, Mr. Subin
has served as a director and major shareholder for a number of
telecommunications companies through various cycles of their growth
and development. His efforts include advising companies on the
appropriate approach to support the growth and development of their
spectrum assets via effective financial and operating plans. He has
also been integral in providing substantial transaction support for
spectrum assets tied to several of the major telecommunications
companies which has resulted in significant value creation for
these businesses.
“I'm honored to be joining NextNav’s board of directors,” said
Neil S. Subin. “With its strong executive team, cutting-edge
technology and valuable nationwide spectrum holdings, I believe
that NextNav is well positioned to deliver on its mission to
provide superior 3D geolocation services, protect critical
infrastructure through GPS and timing resiliency, and drive
significant long term value creation for shareholders.”
Mr. Subin has been an active member of numerous boards of
directors and currently serves on the boards of Alimco Financial
Corp, Centrus Energy Corp, Frontiersman Holdings, Inc., and
Quantlab Financial LLC.
About NextNav Inc.
NextNav Inc. (Nasdaq: NN) is a leader in next generation GPS,
enabling a whole new ecosystem of applications and services that
rely upon vertical location and resilient geolocation technology.
The company's Pinnacle network delivers highly accurate vertical
positioning to transform location services, reflecting the 3D world
around us and supporting innovative, new capabilities. NextNav's
TerraPoiNT network delivers accurate, reliable, and resilient 3D
positioning, navigation and timing (PNT) services to support
critical infrastructure and other GPS-reliant systems in the
absence or failure of GPS.
For more information, please visit https://nextnav.com/ or
follow NextNav on Twitter or LinkedIn.
Source: NN-FIN
Contacts
Erica BartschSloane & Companyebartsch@sloanepr.com
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