EchoStar Corporation announced the immediate resignation of Hamid Akhavan as President and CEO of its subsidiary Hughes Satellite Systems Corporation and as CEO of EchoStar Capital. The departure follows board discussions regarding a change in strategic direction. Chairman Charles W. Ergen will take over as Principal Executive Officer of Hughes.
Key Details
- Leadership Change: Hamid Akhavan resigned from all positions effective July 6, 2026. Chairman Charles W. Ergen will assume the role of Principal Executive Officer of Hughes.
- Reason for Departure: The filing cites discussions with the Board of Directors regarding a "change of strategic direction" as the reason for the resignation.
- Transition & Reorganization: Mr. Akhavan will be available to consult through December 31, 2026. Additionally, EchoStar Capital will be folded into the Corporate Development department.