LightSquared names new CFO

US LTE wholesaler LightSquared on Tuesday announced the appointment of Marc Montagner as chief financial officer, who until recently held the role of senior vice president of corporate development and M&A at Sprint Nextel.

Montagner will report directly to Sanjiv Ahuja, LightSquared’s chairman and chief executive officer, and will be responsible for the company’s daily financial operations and will oversee investor and bondholder relations.

Montagner will also use his experience as executive vice president, sales, marketing and strategy for SkyTerra, LightSquared’s predecessor company, where he worked on the regulatory, technical and business issues associated with re-purposing SkyTerra’s satellite spectrum for terrestrial use.