Global Eagle Entertainment announces appointment of Jeff Epstein And Jeff Leddy to board upon closing of business combination with Row 44 and AIA
Dec 04, 2012 (M2 EQUITYBITES via COMTEX) --
Global Eagle Acquisition Corp (Nasdaq:EAGL), a special purpose acquisition company, announced on Monday that Jeff Epstein and Jeff Leddy will join the company's board of directors as independent directors.
These appointment are a result of the closing of the proposed business combination in which Global Eagle will acquire Row 44 Inc and 86% of Advanced In-flight Alliance AG (GR:DVN1) (AIA) and will be renamed Global Eagle Entertainment Inc.
Also, Epstein also has agreed to serve as the chairman of the audit committee.
Global Eagle said that its stockholders will vote on the election of Epstein and Leddy to the board at its upcoming stockholder meeting, at which the stockholders also will vote on the election to the board of Ed Shapiro, a partner and VP at PAR Capital Management Inc, who will serve as chairman, Harry E Sloan and Jeff Sagansky. The company's board will also include John LaValle, CEO of Row 44, and Louis Belanger-Martin, CEO of AIA.
Epstein currently is a senior advisor at Oak Hill Capital Partners and an Executive in Residence for Bessemer Venture Partners. Prior to that he served as EVP and CFO of Oracle from 2008 to 2011. Before that he has served as the CFO at DoubleClick, VNU's Media Measurement and Information Group and King World Productions. Epstein currently serves on the boards of Priceline.com and Shutterstock.
Leddy is currently the chief executive officer of HUGHES Telematics, a position he has held since December 2006. Prior to that he was chief executive officer and president of SkyTerra Communications before spending over 20 years in management posts at EMS Technologies.
AIA is a supplier of games, movies, general entertainment and applications to the airline industry.
Row 44 is a satellite-based broadband service provider to the global airline industry.
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