On March 22, 2020, the board of directors of Aerkomm Inc. held a special meeting and took certain actions, effectively immediately, to position the Company for future growth. Louis Giordimaina, previously the Chief Operating Officer-Aviation of Aerkomm Pacific Limited, was appointed the Company's Chief Executive Officer, Jeffrey Wun, the Company's Chief Executive Officer prior to March 22, 2020, resigned from that position and confirmed that his resignation from that position was not the result of any disagreement with the Company or the Board regarding the Company's financial or accounting policies or operations. Mr. Wun was appointed the Company's Chief Technology Officer and will remain as President of the Company and as a director, as well as the Chief Technology Officer of Aircom Pacific Inc. Georges Caldironi, a former consultant to Aircom, was appointed as the Company's Chief Operating Officer.

Additionally, James Busuttil, a current director, was appointed Chairman of the Board.  Mr. Giordimaina served as Chief Operating Officer-Aviation of Aircom from May 25, 2018 until November 1, 2019, and of Aerkomm Malta until March 22, 2020, the date of his being appointed as Chief Executive Officer by the Board. Mr. Giordimaina joined Aircom as a consultant in June 2017. Mr. Giordimaina is an experienced aviation executive with more than 40 years of experience in airline executive management, operations, Maintenance and Repair Organizations (MROs), aircraft purchasing from aircraft manufacturers, sales and leasing with major aircraft lessors.

Prior to joining the Company, Mr. Giordimaina served as Chief Executive Officer of Air Malta in 2014, the national airline of Malta, as well as CEO of Lufthansa Technik Malta from 2002 to 2011. He joined Air Malta's engineering department in 1975 as an aircraft engineer where he occupied various positions in Air Malta's engineering department with additional active roles in Air Malta relating to airline strategic planning, aircraft purchasing and deliveries from Airbus Industrie, Boeing and British Aerospace, aircraft leasing from various international aircraft lessors and aircraft contract negotiations.