HUGHES ELECTRONICS PLUGS IN NEW CEO.Byline: Michael White There are multiple public figures named Michael White or Mike White, including:
Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. General Motors Corp. turned to a familiar face in naming Michael T. Smith chairman and chief executive of Hughes Electronics Corp. as the GM subsidiary pares PARES. A man's equals; his peers. (q.v.) 3 Bl. Com. 349. down to focus on the lucrative and intensively competitive satellite communications business. Smith - the brother of GM chairman and 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. John Smith - became part of the Hughes management team in 1986 and helped oversee the company's successful transformation from Cold War defense contractor Noun 1. defense contractor - a contractor concerned with the development and manufacture of systems of defense armed forces, armed services, military, military machine, war machine - the military forces of a nation; "their military is the largest in the region"; to a leader in satellite-based communications, including the DirecTV broadcasting service. Smith succeeds C. Michael Armstrong C Michael Armstong (born 18 October, 1938, in Detroit, Michigan) is the former AT&T chairman and CEO, who tried to reestablish AT&T as an end-to-end carrier. Unfortunately, due to the dot.com bust and various other issues, he was forced to break the group up in 2001. , who resigned to become chairman and chief executive of AT&T Corp. ``We're not going to miss a beat in completing our restructuring transactions,'' Smith, 54, said Monday. ``In the longer term, we expect to continue growing Hughes' telecommunications and space business at a projected rate of about 20 percent a year for the next five years.'' Hughes also named its vice chairman, Charles H. Noski, as president. Noski, 45, was previously vice chairman of Hughes Electronics until recently joining United Technologies Corp. as executive vice president and chief financial officer. Steven D. Dorfman was named vice chairman of Hughes. Dorfman, 62, was executive vice president and chairman of the Hughes Telecommunications and Space Co. and will continue to have oversight of satellite-making operations. ``It seems to me what you have now is a team of young people, who get along well personally and have a peer vision,'' said Wolfgang Demisch, an analyst with BT Securities in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . ``I think that vision goes forward into a revolution in communications. They've been present in the ground floor of that revolution and helped make it possible. They are free to pursue that as aggressively as they can,'' he said. Smith said his priorities include making the company more competitive, particularly in pricing DirecTV, whose lead in the direct broadcasting field has been undercut undercut, n 1. the portion of a tooth that lies between its height of contour and the gingivae, only if that portion is of less circumference than the height of contour. 2. by competitors. DirecTV, launched in 1994, has 2.9 million subscribers, or about 55 percent of the market. During 1996, the service generated about $728 million, or 18 percent of the $4.1 billion taken in by Hughes space and communications unit. DirecTV's biggest competitor, Primestar Partners, has about 1.8 million subscribers. ``We have not been as competitive as we need to be in terms of making our offering to the consumer simple,'' he said. ``Obviously there's got to be more value to the consumer. I don't think there's any big mystery to it.'' CAPTION(S): 5 Photos Photo: (1--Color) MOVING UP Michael T. Smith Chairman and chief executive of Hughes Electronics Corp. Joined management there in 1986. (2--Color) MOVING UP Charles H. Noski New president at Hughes. Was previously vice chairman there until United Technologies Corp. (3--Color) MOVING UP Steven D. Dorfman Hughes vice chairman. Was chairman of the Hughes Telecommunications and Space Co. (4--Color) MOVING UP Harry J. Pearce GM Vice Chairman, will have oversight for the parent company. (5) Michael T. Smith speaks in front of a satellite dish satellite dish n. A dish antenna used to receive and transmit signals relayed by satellite. satellite dish A parabolic antenna used to receive signals relayed by satellite. in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. on Monday after being named to head Hughes Electronics. Associated Press |
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