- EchoStar Capital CEO Hamid Akhavan resigned immediately after board discussions about a “change of strategic direction”
- EchoStar Chairman Charlie Ergen will take over Akhavan’s responsibilities as principal chief executive of Hughes
- The move comes days after Dish DBS and Dish Wireless filed Chapter 11 bankruptcy cases tied to a prepackaged restructuring plan
EchoStar Capital CEO Hamid Akhavan, who also served as president and CEO of Hughes Satellite Systems, has left the building.
His departure was disclosed in a July 7 Security and Exchange Commission (SEC) filing. EchoStar Chairman Charlie Ergen will take over Akhavan’s responsibilities as principal chief executive of Hughes.
The SEC filing said Akhavan’s departure came after discussions Monday with the Board of Directors regarding a “change of strategic direction.” His resignation was effective immediately.
No other reason was given for his abrupt departure. EchoStar declined further comment.
Akhavan will be available to consult with the company and Hughes through December 31, 2026.
Akhavan was appointed CEO and president of EchoStar in March 2022, succeeding Michael Dugan, who retired after more than 30 years at EchoStar and its predecessors. Akhavan became CEO of EchoStar Capital in 2025 after a corporate restructuring.
The company said EchoStar Capital will fold into Corporate Development run by Tom Cullen, who has almost 20 years with the company as executive vice president, Corporate Development.
Dish bankruptcy filings
Last week, EchoStar subsidiaries Dish DBS and Dish Wireless filed Chapter 11 bankruptcy cases seeking confirmation of a prepackaged restructuring support agreement.
EchoStar said the Chapter 11 filing would not impact its mobile phone brands Boost Mobile and Gen Mobile, Hughes, Dish TV or Sling TV.
EchoStar, the parent company of Dish Network, Boost Mobile, Sling TV and Hughes Network Systems, announced in June that it was changing its Nasdaq stock ticker symbol from "SATS" to "ECHO" to better represent “the company's expanding lines” of business.
"Changing our stock ticker to ‘ECHO’ represents our growth from a pure-play satellite company to a global corporate leader with a diverse set of connectivity assets,” Ergen said in a statement at the time.