Globecomm Systems Inc. founder and chief executive David Hershberg is stepping down, the Hauppauge-based company said Wednesday.
Succeeding him, immediately, is Keith Hall, 44, president and chief operating officer, the company said.
The move comes less than three months after private equity firm Wasserstein & Co. paid $340 million to take the communications company private. Wasserstein's Aug. 26 offer of $14.15 per share was approved by Globecomm shareholders on Nov. 22.
Hershberg, who is in his mid- 70s, founded the company in 1994. He will retain a consulting role for the board of directors, the company said.
"We would like to thank Dave for his exceptional leadership and dedication to Globecomm over the past 19 years," Anup Bagaria, director of Globecomm and co-managing partner of Wasserstein, said.
Hershberg said in a statement Globecomm "has excellent prospects for the future."
Hall has worked at Globecomm for 17 years. He earned a degree in electrical engineering from Auburn University and an MBA from Dowling College.
"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," Bagaria said.
Globecomm's headquarters is dotted with satellite dishes. The company also has offices in Afghanistan, where it built a telecommunications infrastructure, as well as Maryland, New Jersey, Virginia, the Netherlands, South Africa, Hong Kong, Germany, Singapore and the United Arab Emirates.
The company designs and engineers telecommunications and video broadcast networks for government and private customers. It has a workforce of about 500, about half of whom work on Long Island.