LOS ANGELES, April 10, 2017 (GLOBE NEWSWIRE) -- Global Eagle Entertainment Inc. (NASDAQ:ENT) ("Global Eagle" or "Company"), a leading provider of global satellite-based connectivity and media to rapidly expanding mobility markets, today announced the appointment of Paul Rainey as Chief Financial Officer. Mr. Rainey commenced employment on April 3, 2017. Mr. Rainey will also assume the responsibilities of principal financial officer, which Jeff Leddy, CEO of
Global Eagle, previously held on an interim basis. Mr. Rainey most recently served as CFO of Harris CapRock Communications, a division of Harris Corporation ("Harris"), where he helped rebuild and redesign the finance team.
"With his significant experience in our industry and strong financial background, we are pleased to have Paul join Global Eagle's executive team," said Mr. Leddy. "We are confident Paul will help us in achieving our short and long-term goals while also guiding the finance team to meet its objectives."
Earlier in his career and prior to Harris, Mr. Rainey held numerous roles at General Electric ("GE"). Paul served as Chief Financial Officer for two separate businesses while there. These included the Power Equipment group and Lighting Professional Solutions, with both businesses driving approximately $1 billion in annual revenue. Prior to these positions, he held multiple FP&A and audit roles at GE.
"I'm excited to join the Global Eagle team and drive the building of a world class finance
department," Mr. Rainey said. "Global Eagle has a number of significant opportunities ahead and I am looking forward to helping the company build its business and expand its leading position in the mobility markets."
Global Eagle will provide a business update via webcast on April 18, 2017 at 2:00 PM PT / 5:00 PM ET. The Company will make the webcast accessible through the Investor Relations section of its website at http://investors.geemedia.com/events.cfm, along with a supplementary slide presentation also available on that section of the website.
GEE will archive a
webcast replay and the slide presentation on its website for 30 days following the event.
About Global Eagle
Global Eagle Entertainment Inc. (NASDAQ:ENT) is a leading provider of satellite-based connectivity and media to fast-growing, global mobility markets across air, land and sea. Supported by proprietary and best-in-class technologies, Global Eagle offers a fully integrated suite of rich media content and seamless connectivity solutions that cover the globe. With approximately 1,500 employees and 50 offices on six continents, Global Eagle delivers exceptional service and rapid support to a diverse base of customers around the world. Find out more at: www.globaleagle.com.
Senior Vice President, Corporate Development and Investor Relations
Source: Global Eagle Entertainment Inc.
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