EchoStar CEO Resigns Amid Subsidiary Bankruptcy Filing

Hamid Akhavan has stepped down as CEO of EchoStar (SATS) and Hughes Satellite Systems amid financial turmoil, including recent Chapter 11 filings by two subsidiaries. His departure follows a strategic shift discussed with the board.

By Aditya Raghunath · TheStreet · July 9, 2026, 16:47 UTC

Tickers: $SATS

Topics: bankruptcy corporate restructuring leadership change

Read the full article at TheStreet

More World news

AI Infrastructure Demand Drives Record Revenue Growth Across Semiconductor and Cloud Sectors PR Newswire · November 12, 2026, 14:47 UTC
DPC Holdings Reports Strong Q3 2026 Growth and Upgrades Full-Year Guidance Motley Fool · November 12, 2026, 14:41 UTC
HSBC Developing Risk Transfer Deals for $7 Billion in US and Asian Corporate Loans Seeking Alpha · November 12, 2026, 14:42 UTC
Fundstrat's Tom Lee Views Tech Sell-off as Buying Opportunity Despite Nvidia Leadership Scandal CNBC · November 12, 2026, 14:38 UTC
CytoDyn Secures $5 Million Private Placement for Leronlimab Development Seeking Alpha · November 12, 2026, 14:38 UTC
Cohen & Company Reports Q3 Earnings Miss on Declining Revenue and EPS Seeking Alpha · November 12, 2026, 14:39 UTC
Jensen Huang Resigns as Nvidia CEO Amid Investigation into Foreign Intelligence Allegations Motley Fool · November 12, 2026, 14:39 UTC
SuperCom Reports Q3 Fiscal 2026 Earnings Beat on Revenue and EPS Seeking Alpha · November 12, 2026, 14:35 UTC
Marvell Technology Appoints Three Independent Directors Prior to Proposed Lumentum Acquisition Seeking Alpha · November 12, 2026, 14:35 UTC
M-tron Industries Reports Q3 2026 GAAP EPS Miss Amid Low Revenue Seeking Alpha · November 12, 2026, 14:37 UTC