Global Eagle Entertainment Appoints Robert W. Reding to Board of Directors
LOS ANGELES, Feb. 8, 2013
LOS ANGELES, Feb. 8, 2013 /PRNewswire/ --Global Eagle Entertainment Inc.
(NASDAQ: ENT) ("Global Eagle") today announced the appointment of Robert (Bob)
W. Reding to the Company's Board of Directors as of January 31, 2013. Mr.
Reding is an independent director serving on Global Eagle's Compensation
Committee. His appointment brings the Company's board to eight members,
including five independent directors.
"We are pleased to welcome Bob Reding to our board," said Ed Shapiro, Chairman
of the Board of Global Eagle. "His knowledge and experience in the commercial
airline industry is exceptional and he will be an invaluable asset to our
company as we execute our strategic plan. With the addition of Bob, we have
assembled a first-class board with deep skills and relationships in every
corner of our business including media, entertainment, technology, finance and
commercial aviation. Working together, we will seek to fully maximize our
platform to drive the most innovative content and connectivity products for
our airline partners and the millions of passengers they serve, while building
value for our shareholders."
"As passenger volume grows globally and the airline industry becomes even more
competitive, there is a clear need for airlines to upgrade and differentiate
the inflight experiences they offer," said Bob Reding. "Global Eagle is well
positioned to fill this need given the company's superior connectivity and
content platform. This is an exciting time for our industry and I look
forward to working with Ed Shapiro and the rest of the Global Eagle board in
helping to chart the Company's course."
Bob Reding has been a consultant in the commercial airline industry since
January 2012. From September 2007 until December 2012, Mr. Reding was
Executive Vice President — Operations for American Airlines and Executive Vice
President of AMR Corporation. Prior to that, Mr. Reding served as Senior Vice
President — Technical Operations for American from May 2003 to September 2007.
Mr. Reding joined AMR Corporation in March 2000 and served as Chief Operations
Officer of AMR Eagle through May 2003. Prior to joining AMR Corporation, Mr.
Reding served as President and Chief Executive Officer of Reno Air from 1992
to 1998 and President and Chief Executive Officer of Canadian Regional
Airlines from 1998 to March 2000. Mr. Reding is a distinguished graduate of
the United States Air Force pilot training program and served as an officer
and pilot flight examiner with the United States Air Force from 1972 to 1979.
He has an FAA Air Transport Pilot Rating for Douglas DC-9-MD-80 and Boeing 737
series aircraft and has accumulated over 10,000 hours as a commercial pilot.
Mr. Reding is an honors graduate from the California State Polytechnic
University with a Bachelor of Science degree in Aeronautical Engineering and
received his master's degree in Business Administration from Southern Illinois
University. He is a member of the President's Council of the California State
Polytechnic University and has served as a board member for numerous aviation,
civic and charitable organizations.
About Global Eagle Entertainment
Global Eagle Entertainment Inc. is the only full service platform offering
both content and connectivity for the worldwide airline industry. Through its
combined content, distribution and technology platforms, Global Eagle provides
airlines and the millions of travelers they serve with the industry's most
complete offering of in-flight video content, e-commerce and information
services. Through its Row 44 subsidiary, Global Eagle utilizes Ku-band
satellite technology to provide airline passengers with Internet access, live
television, shopping and travel-related information. Currently installed on
more than 450 aircraft, Row 44 has the largest fleet of connected
entertainment platforms operating over land and sea globally. In addition,
through its AIA division, Global Eagle provides film and television content,
games and applications to more than 130 airlines worldwide. Global Eagle is
headquartered in Los Angeles, California and maintains offices and support
personnel around the world. Find out more at www.globaleagleent.com.
FORWARD LOOKING STATEMENTS
This press release may include "forward looking statements" within the meaning
of the "safe harbor" provisions of the United Stated Private Securities
Litigation Reform Act of 1995. Forward-looking statements may be identified by
the use of words such as "anticipate", "believe", "expect", "estimate",
"plan", "outlook", and "project" and other similar expressions that predict or
indicate future events or trends or that are not statements of historical
matters. Such forward looking statements with respect to the expected
performance, strategies, prospects and other aspects of the businesses of
Global Eagle, AIA, Row 44 and the combined company after completion of the
business combination are based on current expectations that are subject to
risks and uncertainties. A number of factors could cause actual results or
outcomes to differ materially from those indicated by such forward looking
statements. These factors include, but are not limited to: (1) the inability
of Global Eagle to continue to meet NASDAQ's listing requirements, including
the minimum 300 public holders requirement; (2) the ability to recognize the
anticipated benefits of the business combination, which may be affected by,
among other things, competition, the ability of the combined company to grow
and manage growth profitably, maintain relationships with suppliers and obtain
adequate supply of products and retain its key employees; (3) changes in
applicable laws or regulations; (4) the possibility that Global Eagle, AIA and
Row 44 may be adversely affected by other economic, business, and/or
competitive factors; and (5) other risks and uncertainties indicated in the
definitive proxy statement filed by Global Eagle with the SEC in connection
with the business combination, including those under "Risk Factors" therein,
and other filings with the SEC by Global Eagle. Readers are cautioned not to
place undue reliance upon any forward-looking statements, which speak only as
of the date made, and Global Eagle, AIA and Row 44 undertake no obligation to
update or revise the forward-looking statements, whether as a result of new
information, future events or otherwise.
SOURCE Global Eagle Entertainment Inc.
Contact: Media: Jeff Pryor, Priority PR, firstname.lastname@example.org, +1-310-954-1375;
Investors: Dave Davis, Chief Financial Officer, Global Eagle Entertainment,
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Brad Edwards, email@example.com, Brainerd Communicators, Inc.,
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