Business
Satellogic Adds General Joseph F. Dunford Jr., Former Chairman of the Joint Chiefs of Staff, to its Board of Directors, Completes $150 Million Investment by Liberty Strategic Capital and Announces Share Repurchase Program
General Joseph F. Dunford, Jr. joins Board of Directors that includes Secretary Steven T. Mnuchin and Howard W. Lutnick Completes $150 million investment
About this update from Satellogic Inc.
[{"type":"text","content":"\n\nGeneral Joseph F. Dunford, Jr. joins Board of Directors that includes Secretary Steven T. Mnuchin and Howard W. Lutnick\n\n\nCompletes $150 million investment from Secretary Mnuchin’s Liberty Strategic Capital\n\n\nShare repurchase program approved by Board of Directors to capitalize on undervalued stock price\n\n\n NEW YORK--(BUSINESS WIRE)--\nSatellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution satellite imagery collection, today announced the appointment of Liberty Strategic Capital’s Senior Managing Director and former Chairman of the Joint Chiefs of Staff General Joseph F. Dunford, Jr. to its Board of Directors. General Dunford is enormously respected in the business community and brings decades of defense and intelligence experience to the Company.\n\n“We are honored to welcome General Dunford to Satellogic’s Board of Directors. Drawing on his distinguished career as a national security leader, General Dunford will offer invaluable perspective and insight as Satellogic works to unlock high-resolution Earth imagery and analytics for governments and businesses worldwide,” said Non-Executive Chairman of the Board and former U.S. Treasury Secretary Steven T. Mnuchin. “We are excited for General Dunford to bring his invaluable leadership and global experience to Satellogic. The addition of General Dunford further underscores the importance of Satellogic’s sub-meter resolution satellite data for real-world uses across commercial, government and environmental applications.”\n\nGeneral Dunford is a retired U.S. Marine Corps General, who served as the 19th Chairman of the Joint Chiefs of Staff and the 36th Commandant of the Marine Corps. He currently also serves on the Board of Directors of Lockheed Martin Corporation.\n\nFollowing today’s announcement, General Dunford commented, “Sub-meter satellite data and analytics can help drive better, more well-informed decision-making across a wide variety of applications. I look forward to partnering with the Board and management team to help guide Satellogic on its journey to change the way governments, industries, and communities see the Earth.”\n\nCompletes Liberty Strategic Capital Investment\n\nLiberty Strategic Capital, a private equity firm founded and led by Secretary Mnuchin, completed its previously announced $150 million investment in Satellogic. The capital will...