Wallace will start his new job on May 10, replacing ASTs former financial lead executive Tom Severson, who announced his planned retirement earlier this year.
AST SpaceMobile has appointed Sean Wallace as Executive Vice President and Chief Financial Officer.
He will assume his new role effective May 10, 2022.
Wallace brings decades of diverse financial experience across emerging markets, capital markets and international telecommunications operations to AST SpaceMobile’s executive team. He most recently served as Chief Financial Officer and Treasurer for Cogent Communications. In that role, his responsibilities focused on capital raising, evaluating strategic opportunities as well as financial planning and analysis. Wallace is a graduate of Harvard College and Harvard Business School.
Speaking about the appointment, Wallace said: “I am honored to join this amazing team and excited to help lead the company through its next phase of growth with a mission of eliminating the connectivity gaps faced by today’s five billion mobile subscribers.”
Wallace joins the company as it prepares for the planned summer 2022 launch of BlueWalker 3, its test satellite with an aperture of 693 square feet that is designed to communicate directly with cell phones via 3GPP standard frequencies. Wallace replaces Tom Severson, following his planned retirement.
Abel Avellan, Founder, Chairman and CEO of AST SpaceMobile, added: “Sean is a strong addition to the company. Im extremely proud to add Sean to our executive management team. Finding Sean was part of a careful long search that allowed our current CFO, Tom Severson, the opportunity to retire at this time. We are incredibly grateful to Tom for his years of service and his contributions to the company.”