Anup Bagaria, Director of Globecomm and Co-Managing Partner of Wasserstein & Co. said, “We would like to thank Dave for his exceptional leadership and dedication to Globecomm over the past 19 years. As a result of his significant contributions, the Company that Dave built from the ground up has grown into a leader in the design, integration and management of communication solutions. We thank Dave for his steadfast commitment to Globecomm and wish him all the best in his retirement.”

Mr. Hall, 44, has over 20 years of experience in the satellite communications, telecommunication network and internet fields. During his time at Globecomm, Mr. Hall served in a variety of roles in both the infrastructure and service operations sectors, and recently helped lead the planning and execution of the Company’s corporate growth strategies and strategic business development. Previously, as Senior Vice President and General Manager of Globecomm’s service sector, Mr. Hall helped drive growth and profitability in the sector through the expansion of its managed service products. Mr. Hall is a graduate of Auburn University with a B.S. in electrical engineering and received an MBA from Dowling College of New York.

“Keith has played an integral role in guiding the overall direction of the Company and we are thrilled to have him step into the role of CEO and lead this talented team going forward,” said Mr. Bagaria. “Keith is a skilled operator and proven leader who has experience in both the infrastructure and services sectors of the business. We are looking forward to his continued contributions as the Company leverages its technical capabilities and enhances its comprehensive suite of system integration, system products, and network services.”

“Globecomm is an extraordinary company and I am excited to take on this new challenge,” said Mr. Hall. “In our rapidly changing industry, Globecomm is a true pioneer by continuing to evolve its offerings to ensure that our clients receive the very best in innovative communication services. On a personal level, I would like to express my deepest thanks to my friend and mentor Dave – your guidance throughout these years has meant the world to me, and I will work tirelessly to make you proud. This is an exciting time for Globecomm, and I look forward to working closely with our talented and experienced team as we continue to cultivate our existing markets and explore new products and opportunities.”

Commenting on the announcement, Mr. Hershberg said, “I am extremely proud of Globecomm’s progress and accomplishments since 1994, and I am honored to have had the opportunity to lead such an exceptional group of people. Globecomm is in a strong position today, and I’m confident that under Keith’s watch, the Company has excellent prospects for the future.”