Intelsat Announces Resignation of Chairman Joseph Wright
Intelsat, Ltd., the provider of fixed satellite
services, has announced that Raymond Svider, a Managing Partner of BC
Partners, Intelsat’s majority shareholder, was elected to the position
of Chairman at a recent meeting of the Intelsat Board of Directors.
Mr. Svider will replace Mr. Joseph Wright, who recently notified the
company of his resignation as Chairman of the Board and Director of
Intelsat, Ltd., effective May 1, 2008.
has been a key figure in the success of the fixed satellite services
industry,” said David McGlade, Intelsat’s chief executive officer. “From his days on the PanAmSat board, through his
distinguished service as PanAmSat’s CEO, to the last two years as
Intelsat’s Chairman, he has been a major force in the positive changes
that have shaped our sector. Joe’s valuable insights as we combined
Intelsat and PanAmSat, particularly with respect to our government
business, allowed Intelsat to quickly obtain the benefits of our ‘one
company’ operating structure. We wish him every success in his future
Mr. Svider is expected to assume the Chairman role upon Mr. Wright’s vacating the post on May 1, 2008.