Gilat Announces Industry Veteran Andreas Georghiou to Join Spacenet as New Chief Executive Officer and Glenn Katz to Become President.PETAH TIKVA, Israel -- Gilat Satellite Networks Gilat Satellite Networks is a publicly-traded Israeli company (NASDAQ: GILT. TASE) Gilat designs, develops and markets satellite and hybrid networking products, services and solutions to operators in 85 countries. Ltd. (Nasdaq: GILT) today announced that former SES Americom SES Americom is a major commercial satellite operator based in the United States. Formerly RCA Americom and GE Americom the company is now (with SES Astra and SES New Skies) one of the principal parts of SES S.A.. Chief Commercial Officer Andreas Georghiou will assume the role of Chief Executive Officer of Spacenet Inc. effective on August 1st, 2006. The appointment is the culmination of Gilat's efforts to assemble a new executive leadership team to grow Spacenet and define a successful long-term strategic vision.
As Spacenet's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and a member of its board of directors, Georghiou will provide strategic leadership and focus on driving Spacenet's future revenue growth. He has more than 25 years of experience in the satellite communications industry communications industry, broadly defined, the business of conveying information. Although communication by means of symbols and gestures dates to the beginning of human history, the term generally refers to mass communications. , including a wide range of technology, business development and executive management roles at RCA See RCA connector and video/TV history. Corporation, GE Capital and SES Americom. Georghiou holds an undergraduate degree from the University of Pennsylvania (body, education) University of Pennsylvania - The home of ENIAC and Machiavelli.
Address: Philadelphia, PA, USA. , and a master's degree from the Wharton School of Business, where he studied as a Fulbright Scholar.
With the appointment of Georghiou as CEO, Spacenet's Chief Operating Officer Chief Operating Officer (COO)
The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. and Acting CEO Glenn Katz will assume the new role of President with responsibility for managing Spacenet's sales activities, and will continue overseeing day-to-day operations as COO. In addition, industry veteran and former CapRock Vice President of Marketing & Product Management David Myers recently joined Spacenet as Senior Vice President of Marketing and Business Development. Together, these moves complete the process of assembling a new Spacenet executive team with the skills, experience and focus to successfully grow the business and drive new market opportunities.
Gilat Chairman and Chief Executive Officer Amiram Levinberg said, "This is a very exciting time for Spacenet. With the company's innovative services portfolio and its internal operational excellence initiatives showing strong results, the time has come to renew Spacenet's focus on growth and expansion. Andreas Georghiou's extensive industry knowledge and executive experience, makes him the ideal candidate to lead this effort and architect a strong vision for Spacenet's future."
Georghiou added, "The marketplace is looking for Looking for
In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. innovative, cost-effective and robust solutions for its communications needs. I am excited to join Spacenet and am confident in our ability to effectively address these requirements. We will be concentrating on positioning Spacenet to be responsive to these market demands by leveraging Spacenet's product portfolio and its more than 20-year heritage of quality and customer focus."
Spacenet is a services group of Gilat Satellite Networks Ltd. (Nasdaq: GILT). Spacenet Inc., based in McLean, Virginia, provides connectivity, value-added applications and managed networks to customers in North America and worldwide, including its Connexstar satellite and hybrid terrestrial broadband networking solutions for enterprise and government customers, and StarBand residential and small-office VSAT (Very Small Aperture satellite Terminal) A small earth station for satellite transmission that handles up to 56 Kbits/sec of digital transmission. VSATs that handle the T1 data rate (up to 1.544 Mbits/sec) are called "TSATs. services. Spacenet has more than 20 years of experience providing wide area networks, application support, customer care and network management for some of the largest satellite-based networks in the world. Visit Spacenet at www.spacenet.com.
About Gilat Satellite Networks Ltd.
Gilat Satellite Networks Ltd. (Nasdaq: GILT) is a leading provider of products and services for satellite-based communications networks. The Company operates under three business units: (i) Gilat Network Systems Gilat Network Systems, a business unit of Gilat Satellite Networks of Israel, provides satellite networks and professional services, including turnkey solutions and outsourcing, to operators worldwide. Its main offering is the SkyEdge VSAT satellite communications system. ("GNS GNS GEOnet Names Server (NIMA)
GNS Global Network Services (INMARSAT)
GNS Guinea Franc
GNS Get Nearest Server (component of IPX and SAP)
GNS Global Navigation System "), which is a provider of network systems and associated professional services to service providers and operators worldwide; (ii) Spacenet Inc., which provides managed services in North America for businesses and governments through its Connexstar service brand and for consumers through its StarBand service brand; (iii) Spacenet Rural Communications Spacenet Rural Communications is a Gilat Satellite Networks business unit providing rural Internet and telephony services primarily in Latin America. , which offers rural telephony and Internet access solutions to remote areas primarily in Latin America.
Gilat was founded in 1987 and has shipped over 600,000 Very Small Aperture Terminals (VSATs) to more than 85 countries across six continents. Gilat's headquarters is located in Petah Tikva, Israel. The Company has 14 local offices and three service facilities worldwide. Gilat markets the SkyEdge (TM) Product Family which includes the SkyEdge(TM) Pro, SkyEdge(TM) IP, SkyEdge(TM) Call, SkyEdge(TM) DVB-RCS DVB-RCS Digital Video Broadcasting - Return Channel Via Satellite and SkyEdge(TM) Gateway. In addition, the Company markets numerous other legacy products.
Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The words "estimate", "project", "intend", "expect", "believe" and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gilat to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions, inability to maintain market acceptance to Gilat's products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat's products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and partners, inability to attract and retain qualified personnel, inability to protect the Company's proprietary technology and risks associated with Gilat's international operations and its location in Israel. For additional information regarding these and other risks and uncertainties associated with Gilat's business, reference is made to Gilat's reports filed from time to time with the Securities and Exchange Commission.