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EchoStar Corp. (NASDAQ: SATS) announced that David J. Rayner will return to the role of chief financial officer of EchoStar. Kenneth G. Carroll, the current chief financial officer of EchoStar, will assume a broadened role of executive vice president of corporate and business development.
Mr. Rayner left his position as chief financial officer of EchoStar in November 2011 to serve as the chief financial officer of a Denver-based start-up.
Mr. Carroll and Mr. Rayner each will report directly to Michael T. Dugan, chief executive officer and president of EchoStar. Mr. Carroll and Mr. Rayner will work side-by-side through December to ensure a smooth transition into their new roles.
Mr. Rayner has a long history with EchoStar, dating back to 2004 when EchoStar and DISH Network Corp. (DISH) were part of the same company. At DISH, he served first as chief financial officer and later as executive vice president of installation and service networks. After the spin-off of EchoStar in 2008, Mr. Rayner served first as the chief administrative officer and later as chief financial officer of EchoStar until 2011. Prior to his tenure at EchoStar, Mr. Rayner was an executive with Time Warner Telecom in Denver.
Mr. Carroll is a 20-year veteran of the satellite TV and broadband industries. Prior to joining EchoStar in 2010, Mr. Carroll served as president and chief operating officer of WildBlue Communications, chief financial officer for Liberty Satellite & Technology and chief financial officer for direct-to-home satellite TV provider PrimeStar.
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