Comtech Telecommunications appoints new CEO
Peterman joined Comtechs board in May after a board-led search for an independent director.
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Peterman joined Comtechs board in May after a board-led search for an independent director.
In October, Acacia made a $30-per-share offer for Comtech after the stock had fallen to around $21 amid declining revenue and a failed merger with Israels Gilat Satellite Networks.
This is part of a succession plan initiated by the board of directors in 2018, when Porcelain was appointed COO.
Kornberg will advise the company on technology and continue as director and a non-executive chairman of the board.
