NNAVW - NextNav Announces Appointment of Jonathan Marcus to Board of Directors | Benzinga
MCLEAN, Va., May 16, 2024 (GLOBE NEWSWIRE) -- NextNav (NASDAQ:NN) ("NextNav" or the "Company") a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today announced the appointment of Jonathan A. Marcus to the Company's Board of Directors, effective May 16, 2024.
"We are excited to have Jon join the NextNav Board of Directors," said NextNav CEO Mariam Sorond. "Jon brings extensive financial capital markets, business strategy, and corporate finance expertise that will help NextNav further its strategic vision for a complement and back up to GPS while also unleashing much-needed spectrum for broadband."
Mr. Marcus currently serves as the Chairman of Alimco Financial Corp., ("Alimco") and previously served as CEO of Alimco from March 2019 to May 2023. He is also currently on the board of directors for Anacomp, Inc. and Kaspien Holdings Inc. Earlier in his career, Mr. Marcus was a managing member and co-founder of Broadbill Partners, L.P., a fund focused on special situations and distressed securities. Prior to Broadbill, Mr. Marcus was the Chief Investment Officer of Cypress Management, L.P., the predecessor fund to Broadbill, which he founded in 1995. Mr. Marcus' career also includes extensive investment banking and financial advisory work at Prudential-Bache Securities and Credit Suisse First Boston. Since January 2018, Mr. Marcus has served as Special Advisor to Milfam LLC.
"I am pleased to be joining the NextNav Board of Directors," stated Mr. Marcus. "The Company is at an exciting inflection point in its growth trajectory and I look forward to supporting the leadership team as ...