COMSovereign Co-founder, Chairman And CEO Daniel Hodges Resigns; Names David Knight Interim CEO

RTTNews | 996天前
COMSovereign Co-founder, Chairman And CEO Daniel Hodges Resigns; Names David Knight Interim CEO

(RTTNews) - Communication Systems developer COMSovereign Holding Corp. (COMS) announced Wednesday that the Board of Directors of COMSovereign has accepted the resignation of co-founder, Chairman and CEO Daniel Hodges, effective September 1, 2022.

The Board has also concurrently accepted the resignation of co-founder, President and Board member John Howell, effective on September 1, 2022.

The Board has been reviewing CEO candidates and has appointed David Knight as interim CEO until a formal selection is made.

David Knight, a seasoned and successful technology and operations executive, has been appointed by the Board to replace Hodges. Knight has been advising COMSovereign over the past several months.

He previously served as CEO of cybersecurity company Dispersive Holdings and was CEO of Federos (acquired by Oracle). Knight also held senior management positions at Motorola, SEI and at Micromuse.

In connection with the management changes underway within the Company, the Board has accepted the proposed recommendation for the establishment of a Transition team. The team continues to drastically reduce overhead costs and seeks to divest non-core assets while reshaping sales efforts and making production improvements.

read more
Crude Oil Prices Slip On Friday

Crude Oil Prices Slip On Friday

Crude suffered a weekly loss of more than 1 percent due to uncertainty over U.S. President Donald Trump's tariffs and their likely impact on global growth and fuel demand.
RTTNews | 1小时15分钟前
Pound Drops As Trade Tensions Renew

Pound Drops As Trade Tensions Renew

The pound fell against its major counterparts in the New York session on Friday, as trade tensions escalated after the U.S. President accused China of violating trade agreement reached earlier this month.
RTTNews | 1小时16分钟前
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

Save for a few minutes at the start when it stayed a bit weak, the Switzerland market remained positive on Friday, and despite coming off the day's high hit around noon, ended the session modestly higher.
RTTNews | 3小时30分钟前
Major European Markets Close Slightly Higher

Major European Markets Close Slightly Higher

Despite uncertainty surrounding Trump administration's tariff plans, The major European markets mostly closed higher on Friday. Trade tensions escalated after the U.S. President accused China of violating trade agreement reached earlier this month, but investors picked up stocks amid expectations of an interest rate cut by the European Central Bank.
RTTNews | 3小时54分钟前
U.S. Stocks Broadly Lower In Cautious Trade

U.S. Stocks Broadly Lower In Cautious Trade

U.S. stocks are turning in a weak performance on Friday amid renewed concerns over trade tensions, and a batch of mixed economic data. The major averages all are down in negative territory, with the tech-laden Nasdaq underperforming.
RTTNews | 5小时23分钟前