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Tag: Dave McGlade

  • Former Intelsat chairman inducted into satellite pros hall of fame

    Former Intelsat chairman inducted into satellite pros hall of fame

    MUMBAI: Global satellite services provider Intelsat has announced today its former chairman Conny Kullman is a 2007 inductee to the Society of Satellite Professionals International (SSPI) Satellite Hall of Fame.

    Kullman led Intelsat and its global employee base through its privatisation, and its metamorphosis into a highly competitive operator. In addition, he was a driving force behind commercial, operational and engineering changes during his tenure as Intelsat’s Chief Executive Officer from 1998-2005.

    Under his leadership, Kullman implemented a terrestrial strategy resulting in the development of Intelsat’s Global Connex portfolio suite of services, which now represents approximately $130 million in annual revenues. In addition, Kullman led a $2.5 billion, three-year fleet replenishment campaign that increased available capacity in growth markets.

    In 2003, Kullman was at the helm when Intelsat announced its acquisition of the North American satellites of Loral Space and Communications, providing Intelsat with access to the North American market and completing Intelsat’s global system.

    In 2004, Kullman recognised the opportunity to achieve the goals of the Orbit Act while at the same time obtaining premium shareholder returns, by conducting an LBO process which resulted in the acquisition of Intelsat by a consortium of private equity firms at a competitive price. Kullman capped his career in 2005 as Intelsat chairman playing a role in the completion of Intelsat’s acquisition of Panamsat.

    Intelsat CEO Dave McGlade says, “Conny led Intelsat through its privatisation and began the challenging task of transforming the company from an intergovernmental organisation to a commercial company, positioning Intelsat to become the leading global satellite operator. His many achievements throughout his career shaped Intelsat and the industry.”

  • Intelsat board of directors chairman Conny Kullman to be inducted into SSPI Hall of Fame

    Intelsat board of directors chairman Conny Kullman to be inducted into SSPI Hall of Fame

    MUMBAI: Intelsat has announced that Intelsat Ltd., Board of Directors chairman (retired) Conny Kullman, is a 2007 inductee to the Society of Satellite Professionals International (SSPI) Satellite Hall of Fame.

     
    SSPI will induct its new Hall of Fame members at an invitational ceremony on 20 February, immediately before the start of the annual SSPI Gala, held on the opening day of the Satellite 2007 Conference and Exhibition in Washington, D.C., informs an official release.

    “Conny led Intelsat through its privatization and began the challenging task of transforming the company from an intergovernmental organization to a commercial company, positioning Intelsat to become the leading global satellite operator,” said Intelsat CEO Dave McGlade. “His many achievements throughout his career shaped Intelsat and the industry.”

     
    The release adds that Kullman led Intelsat and its global employee base through its privatization, and its metamorphosis into a highly competitive operator. In addition, he was a driving force behind commercial, operational and engineering changes during his tenure as Intelsat’s chief executive officer from 1998-2005. Under his leadership, Kullman implemented a terrestrial strategy resulting in the development of Intelsat’s GlobalConnex portfolio suite of services, which now represents approximately $130 million in annual revenues.

    In addition, Kullman led a $2.5 billion, three year fleet replenishment campaign that increased available capacity in growth markets. In 2003, Kullman was at the helm when Intelsat announced its acquisition of the North American satellites of Loral Space and Communications, providing Intelsat with access to the North American market and completing Intelsat’s global system.

    In 2004, Kullman recognized the opportunity to achieve the goals of the Orbit Act while at the same time obtaining premium shareholder returns, by conducting an LBO process which resulted in the acquisition of Intelsat by a consortium of private equity firms at a competitive price. Kullman capped his career in 2005 as chairman of Intelsat, playing a critical role in the completion of Intelsat’s acquisition of PanAmSat.

  • US Justice Dept. clears Intelsat-PanAmSat merger

    US Justice Dept. clears Intelsat-PanAmSat merger

    MUMBAI: PanAmSat Holding Corporation has announced that the United States Department of Justice is closing its antitrust investigation of the company’s proposed merger with satellite provider, Intelsat Ltd. The Justice Department is not seeking any conditions and is not otherwise commenting on, the proposed merger.

    The transaction, in which Intelsat is to acquire PanAmSat for $3.2 billion in August, remains under review by the U.S. Federal Communications Commission (FCC), states an official release.

    “PanAmSat today has worked hard to become one of the world’s leading providers of standard and high-definition television signals, with a highly reliable satellite fleet, top-notch service and a professional style of management,” said PanAmSat CEO Joe Wright. “We’ve reached the point where this merger with Intelsat makes a lot of sense for our shareholders, customers and employees. You won’t be able to match the combined quality of these two companies. We look forward to our new relationship with Dave McGlade, his management team and his employees.”

    Commenting on the same, Intelsat Chief Executive David McGlade said, “With the Justice Department’s decision not to challenge our transaction, we are moving full speed ahead with our integration planning and preparations.

    “We will be finalizing our financing over the next few weeks and should be in a position to close soon after receiving FCC approval.”

    Intelsat and PanAmSat announced their merger agreement on 29 August 2005. Under the agreement, Intelsat will acquire PanAmSat for $25 per share in cash, or $3.2 billion. In addition, approximately $3.2 billion in debt of PanAmSat and its subsidiaries will remain outstanding or be refinanced. Closing of the transaction is subject, among other things, to the receipt of financing by Intelsat and to obtaining regulatory approval from the FCC, adds the release.

    In addition, all other regulatory approvals required prior to closing have been obtained.

  • Intelsat appoints Jeffrey P Freimark as CFO

    Intelsat appoints Jeffrey P Freimark as CFO

    MUMBAI: Intelsat, Ltd. has announced the appointment of Jeffrey P Freimark as its executive VP and chief financial officer, effective on the resignation of Robert Medlin.

    Medlin has been serving as acting chief financial officer of Intelsat since June 2005, and is expected to resign from his post in April 2006.

    Jeffrey P Freimark resigned on 15 March as executive vice president, chief financial and information officer of Beverly Enterprises Inc., a provider of healthcare services to the elderly.

    Beverly Enterprises was sold to Pearl Senior Care, Inc. in a transaction that closed on 14 March, 2006. Prior to his role at Beverly, Freimark held senior-level positions at a number of public companies, including serving as chief financial officer of OfficeMax Inc., CEO, president and CFO for Grand Union Company, and chief financial officer of Pueblo International, Inc.

    Freimark, who holds an MBA in accounting and taxation from the Stern School of Business at New York University and a JD degree from New York Law School, is a Certified Public Accountant and a member of the New Jersey Bar.

    Intelsat chief executive officer Dave McGlade says, “Jeff’s experience in working with the capital markets and building strong finance and accounting teams will be very valuable as Intelsat completes the PanAmSat merger. Including his work on integrations, Jeff has successfully implemented significant cost reduction and process improvement programs, demonstrating his strong abilities and effectiveness in driving company value. We know that he will be a major contributor at Intelsat.”

    McGlade also noted the role played by Robert Medlin for Intelsat: “Bob Medlin has been very important to Intelsat over the past several months, and he has assisted in maintaining solid financial controls and processes during this period. All of us at Intelsat are appreciative of the efforts of Bob and his team.”

    Medlin, a senior managing director of FTI Consulting, Inc., will continue to support Intelsat’s financial operations for an interim period on a consulting basis.