EchoStar (ECHO) announced that Hamid Akhavan resigned from all his positions, including CEO of EchoStar Capital and President/CEO of Hughes, effective immediately on July 6, 2026, following board discussions about a change in strategic direction. He will serve as a consultant until December 31, 2026. Charles W. Ergen will assume Akhavan's responsibilities as Principal Executive Officer of Hughes. The company also modified Akhavan's letter agreement to accelerate the vesting of his outstanding options from December 31, 2026 to July 6, 2026.
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