Hughes' Former CEO Mike Smith Joins NeTune Board.Business Editors LOS ANGELES--(BUSINESS WIRE)--July 31, 2001 Michael T. Smith, former Chairman of the Board and Chief Executive Officer of Hughes Electronics Corporation, has been elected to the board of directors of NeTune Communications, Inc., it was announced today by NeTune 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. Curtis Clark. NeTune Communications, Inc. is a provider of a comprehensive range of digital satellite and terrestrial wireless communication services for the motion picture and television production industries. Prior to retiring from Hughes in May 2001, Smith also served as Chairman of DIRECTV Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. and PanAmSat, as well as Chairman of Hughes Aircraft Hughes Aircraft Company was a major aerospace and defense company founded by Howard Hughes. The group was based near Ballona Creek, in Culver City, California, USA, on the Pacific Coast. Hughes Aircraft was acquired by General Motors in 1985. Company, responsible for the aerospace, defense electronics and information systems businesses of Hughes Electronics. In commenting on the announcement, Clark stated: "We are truly excited to have Mike Smith join our board. His diverse background as a noted business leader in the communications industry and his hands-on operating experience in developing and marketing cutting-edge technology will be a great addition to our team. With Mike's contribution, we will be well-positioned to expand the success of NeTune's ShowRunner(TM), the entertainment industry's leading multimedia communications and data management service, into other enterprise vertical markets." "I've been a big fan of NeTune and its ShowRunner(TM) system since its inception last year," said Smith. "I think the company has the right combination of partners to deliver premier broadband digital satellite and terrestrial communications. I'm delighted to be able to continue my relationship with Curtis Clark, Dick Agostinelli and their dynamic team in helping them grow the Company into a powerful global service." Smith joined Hughes Electronics in 1985, the year the company was formed, as Senior Vice President and Chief Financial Officer after spending nearly 20 years with General Motors in a variety of financial management positions. Hughes Electronics was formed after General Motors acquired Hughes Aircraft Company. In 1992, he was elected Vice Chairman of Hughes Electronics and Chairman of Hughes Missile Systems Company, a subsidiary composed of the former General Dynamics missile operations, acquired by Hughes in 1992, and the former Hughes Missile Systems Group. In 1995, he was elected Chairman of Hughes Aircraft Company. A member of the board of directors of Alliant Techsystems, Inc., Teledyne Technologies and Ingram Micro Corporation (all are NYSE NYSE See: New York Stock Exchange listed companies), Smith is the former Chairman of the Aerospace Industries Association, an industry trade organization, is a member of the board of directors of the Los Angeles World Affairs Council World Affairs Council may refer to:
About NeTune NeTune Communications provides a full range of advanced digital communications services designed especially for motion picture and television productions including ShowRunner(TM), a proprietary, first-ever, fully integrated, secure, broadband private network with worldwide capabilities utilizing satellite, wireless and fiber technology. Founded by Clark in 1999 and based in Culver City, Calif., NeTune has developed strategic relationships with an array of leading high-tech and entertainment industry partners and team members including Hughes Electronics, PanAmSat, Hughes' DIRECTV, Hughes Network Systems Hughes Network Systems, LLC (HNS), is a provider of broadband satellite network products for businesses and consumers. HNS pioneered the development of high-speed satellite Internet access services and IP-based networks with its original DirecPC service but which it now markets , Creative Artists Agency Creative Artists Agency (CAA) is a talent and literary agency which represents a vast array of actors, musicians, writers, directors, and athletes, as well as a variety of companies and their products. , IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Lucent Digital Video, ORUS Information Services See Information Systems. and Eastman Kodak. Additional information can be found at www.netune.com. |
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