Intelsat's Conny Kullman Inducted into SSPI's Satellite Hall of Fame.PEMBROKE, Bermuda -- Intelsat announced today that Mr. Conny Kullman, Chairman (retired), Intelsat Ltd., Board of Directors, is a 2007 inductee to the Society of Satellite Professionals International (SSPI SSPI Security Support Provider Interface (Microsoft) SSPI Society of Satellite Professionals International SSPI Steady-State Plasma Insulin SSPI Security Service Provider Interface (Microsoft) ) Satellite Hall of Fame. Kullman led Intelsat and its global employee base through its privatization privatization: see nationalization. privatization Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned , and its metamorphosis metamorphosis (mĕt'əmôr`fəsĭs) [Gr.,=transformation], in zoology, term used to describe a form of development from egg to adult in which there is a series of distinct stages. 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, 3-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 North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. 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 LBO See: Leveraged buyout LBO See leveraged buyout (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. "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 Dave McGlade, Intelsat 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. . "His many achievements throughout his career shaped Intelsat and the industry." SSPI will induct in·duct v. To produce an electric current or a magnetic charge by induction. its new Hall of Fame members at an invitational ceremony on 20 February 2007, 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. About Intelsat Intelsat is the largest provider of fixed satellite services worldwide and is the leading provider of these services to each of the media, network services/telecom and government customer sectors, enabling people and businesses everywhere constant access to information and entertainment. Intelsat offers customers a greater business potential by providing them unrivaled resources with ease of business and peace of mind. Our services are utilized by an extensive customer base, including some of the world's leading media and communications companies, multinational corporations
Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. and government/military organizations. Real-time, constant communication with people anywhere in the world is closer, by far. Intelsat Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement: Some of the statements in this news release constitute "forward-looking statements" that do not directly or exclusively relate to historical facts. The forward-looking statements made in this release reflect Intelsat's intentions, plans, expectations, assumptions and beliefs about future events and are subject to risks, including known and unknown risks, uncertainties and other factors, many of which are outside of Intelsat's control. Important factors that could cause actual results to differ materially from the expectations expressed or implied in the forward-looking statements include known and unknown risks. Detailed information about some of the known risks is included in Intelsat's quarterly report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended June 30, 2006 on file with the U.S. Securities and Exchange Commission. Because actual results could differ materially from Intelsat's intentions, plans, expectations, assumptions and beliefs about the future, you are urged to view all forward-looking statements contained in this news release with caution. Intelsat does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. |
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