eSat’s Chief Executive Quits, Elevating CFO
eSat Inc., a Fountain Valley provider of high-speed Internet access via satellite, said Thursday that David Coulter, its founder, chairman, president and chief executive, resigned to pursue other interests. He could not be reached for comment.
The company’s chief financial officer, Michael Palmer, will become chief executive and take a seat on the board of directors, the company said.
For the record:
12:00 a.m. April 3, 1999 For the Record
Los Angeles Times Saturday April 3, 1999 Orange County Edition Business Part C Page 2 Financial Desk 1 inches; 34 words Type of Material: Correction
eSat listing--eSat Inc. withdrew its application for a listing on the Nasdaq Small Cap market in favor of a listing on the Nasdaq National Market. That application is pending. The company’s listing efforts were incorrectly described Friday.
The move comes as eSat has tried unsuccessfully to get listed on the Nasdaq Small Cap market. The company’s shares have fallen sharply from their high in January of $23.44.
The stock rose 31 cents, to $13.81, in over-the-counter trading.
