Summary by Futu AI
AST SpaceMobile announced the appointment of Johan Wibergh to its Board of Directors effective June 3, 2024. Wibergh, former Chief Technology Officer of Vodafone (2015-2022) and EVP of Ericsson (2008-2015), brings over 35 years of telecommunications experience. He will serve as Chairman of the newly formed Network Planning and Spectrum Committee.Wibergh's appointment includes membership on both the Audit and Compensation Committees. His compensation package comprises an annual cash retainer of $50,000, restricted stock units valued at $150,000, and an additional $17,500 for committee service. He currently serves on the boards of Trimble Inc., Bell Canada, and various private companies.The veteran telecom executive has extensive experience in managing large-scale operations, including enterprise networks, digital systems, cybersecurity, and R&D. His expertise spans telecommunications network operations, technology innovation, and operational excellence, making him a strategic addition to AST SpaceMobile's leadership as it progresses toward commercializing its space-based cellular broadband network.