Iridium expands 2 executives' roles

|About: Iridium Communications Inc (IRDM)|By:, SA News Editor

Iridium (IRDM) announces 2 management changes: current CFO Thomas J. Fitzpatrick will also take on the role of Chief Administrative Officer (oversight of IT and billing). Tech development head S. Scott Smith will take on the newly-created role of COO (responsible for ground and satellite operations).

The shakeup arrives after Iridium shares crashed due to the company's Q2 miss and poor guidance. Shares are down 20.3% from the 52-week high they reached in July.