Viasat Inc. (NASDAQ: VSAT) announced the appointment of two new board members and entered into a cooperation agreement with Carronade Capital Management, according to a company statement.

The satellite communications company appointed Shekar Ayyar, chairman and chief executive of Arrcus Inc., and Jinhy Yoon, former executive vice president at PIMCO, to its board of directors and Strategic Review Committee. The appointments are effective immediately and bring the board to 10 directors, with eight classified as independent.

Ayyar previously held senior roles at VMware and served on the board of Altair Engineering during its $10 billion sale to Siemens. He holds a Ph.D. and M.S. in electrical engineering from Johns Hopkins University and an MBA from The Wharton School.

Yoon brings over 20 years of experience in capital allocation and strategic transactions. She currently serves on Clear Channel Outdoor's board and previously served on Intelsat S.A.'s board during its sale to SES S.A. in July 2025. During her 14-year tenure at PIMCO, she oversaw approximately $30 billion in debt and equity investments as sector lead for technology, media and telecommunications.

The cooperation agreement with Carronade Capital includes customary standstill, voting and other provisions. The full agreement will be filed as an exhibit to a Form 8-K with the Securities and Exchange Commission.

Carronade Capital, founded in 2019, manages approximately $3.5 billion in assets and focuses on catalyst-rich investment situations. The firm is based in Darien, Connecticut.

"The Board remains focused on overseeing the execution of the Company's strategy and service entry of the ViaSat-3 constellation," said Mark Dankberg, Viasat's chairman and CEO.