Satellite

EchoStar Brings Back Former CFO

Rayner Returns, Carroll Promoted 12/04/2012 10:09 AM Eastern

EchoStar said Tuesday that it has named David Rayner as its new chief financial officer, replacing current CFO Kenneth Carroll, who will become executive vice prosident of corporate and business development.

In a Securities and Exchange Commission filing Tuesday, EchoStar said Rayner – who left EchoStar in 2011 to serve as CFO of a Denver-based startup – will report to CEO Michael Dugan. Rayner’s connection with EchoStar dates back to 2004 when it was part of Dish Network. At Dish, Rayner served first as CFO and later as executive vice president of installation and service networks. After the spin-off of EchoStar in 2008, Rayner served first as the chief administrative officer and later as chief financial officer of EchoStar until 2011.

Carroll, who joined EchoStar in 2010, had previously served as president and chief operating officer of WildBlue Communications and is a 20-year veteran of the satellite TV and broadband industry. He also will report directly to Dugan in his new, expanded role.

“David and Ken are valued veterans of the satellite business. They intimately understand the inner workings and needs of EchoStar as well as the industry as a whole. These changes provide us additional executive strength, breadth and expanded resources to continue our focus on integration and operational excellence while aggressively pursuing business opportunities and future partnerships,” Dugan said in a statement.