Speedcast CEO Beylier resigns ahead of expected poor FY 2019 results; asset sale now back on the table

by Peter B. de Selding

PARIS — Mobile satellite services provider Speedcast Chief Executive P.J. Beylier has resigned in advance of the company’s expected underperformance in fiscal-year 2019 after a disastrous first half.

Beylier, who had steered Speedcast through a dozen acquisitions and transformed it into a global presence, barely survived the company’s July and August announcements that its Globecomm purchase was not producing the expected results: http://bit.ly/2ZqQbxF

The stock nose-dived, the company ceased dividend payments . . .

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