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Mynaric Makes Leadership Position Changes, Cites Production Struggles

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Laser communications company Mynaric has terminated Mustafa Veziroglu as CEO and member of the company’s management board, effective immediately. The move comes after the producer of optical communications terminals for air, space, and mobile applications last week resolved an update to its full-year revenue guidance. The update included a drop-off in expected revenue from the originally published range of between €50 million and €70 million ($56 million and $78 million) to a revised range of between €16 million and €24 million. The company attributed the decrease to...Read full article

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    Published: August 2024
    Glossary
    termination
    The process of attaching a device to the end of a fiber cable to enable the beam to be transmitted farther, to pass to another device and to avoid reflection.
    laser communications
    BusinessTerminationOusterfiredepartureresignationrestructuringCEOLasersCommunicationslaser communicationsspacemanagementboardsupervisory boardmanagement boardgeneral meetingpostponeguidancerevenueproductionyieldEuropeIndustry News

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