. LightSquared on Tuesday announced that Sanjiv Ahuja has resigned from his role as chief executive officer. Chief network officer Doug Smith and and CFO Marc Montagner will serve as interim co-CEOs, and Ahuja will continue to serve as chairman of the board. Additionally, LightSquared's billionaire founder Philip Falcone has been appointed to the company's board of directors and has reiterated LightSquared's commitment to low-priced 4G alternatives. “We are, furthermore, committed to working with the appropriate entities to find a solution to the recent regulatory issues,” Falcone said.
Boy Genius Report, LightSquared CEO steps down, will remain chairman of the board
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