David Pollack, CEO and president, Spacecom has announced on his resignation from the Israeli satellite operator. In a statement made to the Tel Aviv Stock Exchange on October 31, the company announced that the company has “entered into negotiations” with Pollack over “concluding his position”.
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The company added that it will make a further statement when both parties “have reached an agreement on terms and timing” and that the company’s executive board committee will search for a new CEO.
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Pollack held several key positions in the Space Systems Division. Prior to that, Pollack served in the Israel Air Force, retiring from active service with the rank of Colonel.
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The CEO guided Spacecom through a tricky few years following the 2016 launchpad explosion of the AMOS-6 satellite. More than just the hardware, the explosion also cost Spacecom a US$286 million acquisition from Shanghai’s Xinwei Technology and a US$95 million contract with Facebook. The announcement follows the successful launch of the company’s AMOS-17 satellite in August.
