Chairman and CEO David McGlade to Transition to Executive Chairman
Role, and Spengler to CEO Role, Effective April 1, 2015
LUXEMBOURG--(BUSINESS WIRE)--Dec. 11, 2014--
Intelsat S.A. (NYSE:I), the world’s leading provider of satellite
services, announced today that current Intelsat President and Chief
Commercial Officer Stephen Spengler has been promoted to Deputy Chief
Executive Officer, effective immediately.
Stephen Spengler, Deputy Chief Executive Officer, Intelsat (Photo: Business Wire)
Under the company’s succession plan, Intelsat Chairman and Chief
Executive Officer David McGlade will transition to the position of
Executive Chairman, effective April 1, 2015, at which time Mr. Spengler
will become Chief Executive Officer. Mr. McGlade will have served as the
Company’s Chief Executive Officer for 10 years.
Mr. Spengler has been with Intelsat in various executive positions since
2003, including serving as Executive Vice President, Sales, Marketing
and Strategy. Mr. Spengler has nearly 30 years’ experience in the
satellite and telecommunications industry. During his tenure at the
company, Mr. Spengler led the development of Intelsat’s global mobility
network, in which Intelsat now has a leading share of maritime and
aeronautical broadband services. He has also overseen the development of
the company’s next generation satellite platform, Intelsat EpicNG®,
of which the first satellite is expected to launch in late 2015.
In announcing these changes, Mr. McGlade stated, “Steve is a proven
leader with outstanding customer and communications industry knowledge
and the ability to execute a global plan. His vision has been
instrumental in driving our next generation strategy, and in building
new innovative services with the commercial satellite services we
provide.”
“Intelsat’s role in providing global connectivity has never been more
relevant than it is today,” said Mr. Spengler. “Our entire company is
focused on delivering services that support the future growth of our
customers. I am honored to lead our team during a period when our
technology and services are poised to accelerate the spread of broadband
connectivity globally.”
Supporting Resources for the Media:
About Intelsat
Intelsat S.A. (NYSE: I) is the world’s leading provider of satellite
services, delivering high performance connectivity solutions for media,
fixed and mobile broadband infrastructure, enterprise and government and
military applications for 50 years. Intelsat’s satellite, teleport and
fiber infrastructure is unmatched in the industry, setting the standard
for transmissions of video and broadband services. From the
globalization of content and the proliferation of HD, to the expansion
of cellular networks and mobile broadband access, with Intelsat,
envision your future network, connect using our leading satellite
technology and transform your opportunities.
Envision…Connect…Transform…with Intelsat, celebrating 50 years of space
leadership in 2014. For more information, visit www.intelsat.com.
Intelsat Safe Harbor Statement
Some of the statements in this news release constitute "forward-looking
statements" that do not directly or exclusively relate to historical
facts. The forward-looking statements made in this release reflect
Intelsat's intentions, plans, expectations, assumptions and beliefs
about future events and are subject to risks, uncertainties and other
factors, many of which are outside of Intelsat's control. Known risks
include, among others, the risks included in Intelsat’s annual report on
Form 20-F for the year ended December 31, 2013 and its other filings
with the U.S. Securities and Exchange Commission, the political,
economic and legal conditions in the markets we are targeting for
communications services or in which we operate and other risks and
uncertainties inherent in the telecommunications business in general and
the satellite communications business in particular. Because actual
results could differ materially from Intelsat's intentions, plans,
expectations, assumptions and beliefs about the future, you are urged to
view all forward-looking statements contained in this news release with
caution. Intelsat does not undertake any obligation to update or revise
any forward-looking statements, whether as a result of new information,
future events or otherwise.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20141211005169/en/
Source: Intelsat
Intelsat
Dianne VanBeber, +1 703-559-7406
Vice President,
Investor Relations and Communications
dianne.vanbeber@intelsat.com
or
Michele
Loguidice, +1 703-559-7372
Director, Investor Relations & Corporate
Communications
michele.loguidice@intelsat.com
