Frank Biondi Joins Board of Directors
Carlsbad, Calif. – April 8, 2015 – Viasat Inc. (NASDAQ: VSAT), an innovator in broadband and communication technologies and services, has appointed Frank J. Biondi Jr. to its Board of Directors. Mr. Biondi will serve as a Class I Director effective immediately, with an initial term expiring at the Company’s 2015 annual meeting of stockholders. With the appointment of Mr. Biondi, the Viasat Board now consists of eight members, seven of whom are independent directors.
Mr. Biondi is a senior managing director at WaterView Advisors LLC, a private equity fund specializing in media. Previously he held several positions in the television and entertainment industries, including top executive roles at Universal Studios, Viacom, the Entertainment Business Sector of the Coca-Cola Company, HBO, and the Children’s Television Workshop.
Mr. Biondi currently serves on a number of other corporate boards, including Amgen, Inc., Cablevision Systems Corp., Hasbro, Inc. (expected to retire in May 2015), RealD Inc., and Seagate Technology PLC. Previous board positions include Yahoo! Inc. and Harrah’s Entertainment. On the non-profit side, Mr. Biondi currently serves on the Board of Trustees for Keck Graduate Institute, which offers graduate degrees and educational programs in the life sciences field. Mr. Biondi holds a bachelor degree in psychology from Princeton University, and a master's degree in business administration from the Harvard Business School.
“We are pleased to welcome Frank to the Viasat Board, as his leadership expertise and expansive board experience will offer new perspectives to the Company,” said Mark Dankberg, chairman and CEO of Viasat. “By bringing Frank on board now, we can leverage his market insight to drive Viasat strategy forward in developing products and services in new, innovative ways.”