Kirkland satellite telecom company ICO Global Communications is reorganizing a bit, following its June 20 acquisition of IP services company Ovidian.
The company, backed by Craig McCaw, is changing its name to Pendrell Corp. later this month and adding new leadership. As part of the change, its ticker symbol on Nasdaq will change from ICOG to PCO.
Robert Mechaley Jr., a co-founder of Clearwire and former chief scientist at AT&T Wireless, is joining as chief scientist.
The company also named Timothy Dozois its corporate counsel and secretary and Mark Fanning as its “chief people officer.” Fanning is a veteran of Clearwire, Nextel Partners, AT&T Wireless and McCaw Cellular.
ICO also announced that its chief executive, Ben Wolff, and Gerard Salemme, its chief strategy officer, resigned from their positions with McCaw’s Eagle River investment company “in order to focus their full attention on the business of the company.”
ICOG rose 2 cents today, to $3, after the changes were announced.