NextNav Inc. (NASDAQ: NN), a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today announced the appointment of Tim Gray as Chief Financial Officer. Chris Gates, the Company’s former CFO, will now focus his time on strategy as Executive Vice President of Corporate Development.

“As we prepare for the commercialization of our technology, I’m excited to welcome Tim, who provides a rare combination of deep spectrum knowledge and experience leading the finance function at a growth-oriented company with technology in the marketplace,” said Mariam Sorond, CEO of NextNav. “I’m also pleased we will have Chris’ working closely with Tim and maximizing his expertise in corporate development, an increasingly important responsibility as we pursue commercialization. These two leaders will contribute to our momentum and our next chapter of growth as we prepare to optimize the lower 900 MHz band and deliver a win for national security, public safety, and the American economy.”

Incoming CFO Tim Gray said, “NextNav has strong financial foundation and compelling growth story. I look forward to stepping into this new role to help the company navigate its exciting future, and to engaging with our shareholders on our journey forward.”

Mr. Gray most recently served more than a decade as Chief Financial Officer of Anterix. Prior to Anterix, he held multiple senior finance leader positions at MedImmune, Inc., a subsidiary of AstraZeneca including Senior Vice President and Chief Financial Officer. Earlier in his career, Mr. Gray served in finance positions at AOL and Nextel and started his career at Deloitte & Touche LLP. He is also a member of the Audit Committee of the Children’s Inn at the National Institutes of Health. Mr. Gray received a Bachelor of business administration in accountancy from the University of Notre Dame and is a certified public accountant.

Mr. Gates has been responsible for all corporate finance functions since 2021 and led the Company’s transition to public company operations. Prior to that, he was Senior Vice President of Strategy, Corporate and Business Development. In that role, he led strategic partnerships, contributed to policy and standards outreach, supported public safety initiatives, including E911 and FirstNet, and helped shape the company’s monetization and asset development strategies. He is also a named co-inventor on several patents related to NextNav’s technologies.