Hershberg Steps Down as Globecomm Chief Executive
David Hershberg, the founder and longtime chief executive of satellite solutions and Earth station provider Globecomm Systems, has retired, the Hauppauge, N.Y., company announced Feb. 5.
He was replaced by Keith A. Hall, who has been with Globecomm for 17 years, most recently as chief operating officer.
Globecomm Systems in 2013 was acquired by private-equity firm Wasserstein & Co. in a transaction valued at $340 million. The acquisition came after a disappointing Globecomm performance for the fiscal year that ended June 30, 2013.
“Keith has played an integral role in guiding the overall direction of the Company and we are thrilled to have him step into the role of CEO and lead this talented team going forward,” Anup Bagaria, director of Globecomm and co-managing partner of Wasserstein & Co., said in a prepared statement. “Keith is a skilled operator and proven leader who has experience in both the infrastructure and services sectors of the business.”
Hershberg will serve as a consultant to the Globecomm board of directors for special projects, the company said.