Spacecom CEO David Pollack steps down
November 1, 2019 12.17 Europe/London By Julian Clover
The chief executive of Spacecom is to step down after 24 years.
Pollack helped establish the Israeli satellite operator and raised funds for the AMOS satellites programme on the Tel-Aviv stock exchange.
He joined Spacecom from Israel Aerospace Industries, where he held several key positions in the Space Systems Division, and was responsible for international cooperation ventures.
A 2016 launchpad explosion cost the company its AMOS-6 satellite, a $95 million contract with Facebook and a $285 million acquisition deal by Shanghai’s Xinwei Technology.
However, after a troublesome 24 months, Spacecom returned to profitability in 2018.
No announcement has been made as to Pollack’s successor.