PanAmSat Corporation (NASDAQ: SPOT) today
named former Director of the Federal Office of Management and Budget Joseph
R. Wright, Jr., 62, as chief executive officer. Mr. Wright is a member of
the PanAmSat board of directors and succeeds R. Douglas Kahn, who has been
president and CEO of PanAmSat since April 1999 and is leaving the company to
pursue other interests.

“Joe Wright brings a rich depth of entrepreneurial, industry and government
experience to PanAmSat at a time when our company faces both unprecedented
opportunities and challenges in world economic and business conditions,”
said Jack A. Shaw, chairman of PanAmSat and chief executive officer of
Hughes Electronics Corporation, which owns 81 percent of PanAmSat.

“Joe is widely admired for his business acumen, his competitive instincts,
his expertise in strategic planning and change management, and his broad
knowledge of telecommunications, e-commerce, and multinational business,”
Mr. Shaw said. “We’re pleased to have him at the helm of PanAmSat.”

“We also owe a debt of gratitude to Doug Kahn, who led efforts to improve
our technical operations, expand our customer base and raise the bar of
excellence at PanAmSat.”

Said Mr. Wright: “PanAmSat is not only the world’s leading commercial
satellite services provider, it is also a terrific company with world-class
talent and a range of new market opportunities. My goal is to work with this
great team to keep PanAmSat focused on its mission of serving our customers
with an unrivaled global network and wide range of valuable offerings.”

Mr. Wright has been vice chairman and director of Terremark Worldwide, Inc.,
a public company that develops and operates Network Access Point (NAP)
telecommunications data centers, such as the NAP of the Americas in Miami.
Prior to this, he was chairman, CEO and director of AmTec, Inc., a public
company providing telecommunications and Internet services to and from the
United States and the Far East, which merged with Terremark Holdings, Inc.

Mr. Wright was also chairman and director of GRC International, Inc., a
public company providing advanced information technology, Internet, and
software systems to government and commercial customers. AT&T acquired GRC
in March 2000.

He has also been vice chairman and director of Jefferson Consulting Group, a
Washington, D.C.-based firm that provides consulting services to companies
dealing with the federal government, and has been co-chairman and director
of Baker & Taylor Holdings, Inc., an international book/video distribution
and e-commerce company.

Prior to entering the e-commerce and telecommunications world, Mr. Wright
was vice chairman, executive vice president and director of W. R. Grace &
Company from 1989 to 1994. Previous to Grace, he was deputy director then
director of the Federal Office of Management and Budget under President
Ronald Reagan, serving in the Cabinet and the Executive Office of the
President from 1982 to 1989. He was one of a few individuals who received
the Distinguished Citizens Award from President Reagan.

He was also deputy secretary of the Department of Commerce from 1981 to
1982, and later was on the President’s Export Council as chairman of the
Export Control Subcommittee. Prior to the 1980’s, Mr. Wright was president
of Citicorp Retail Services and Retail Consumer Services, credit card
subsidiaries of Citibank, following positions in the Federal Departments of
Agriculture and Commerce, including acting assistant secretary for Economic
Affairs responsible for developing the GDP and other economic reports.

He began his career at Booz, Allen and Hamilton, Inc. where he became one of
the youngest partners and was division head of the Growth Services
consulting business after receiving an MIA from Yale University and a B.S.
from Colorado School of Mines.

Mr. Wright also currently serves on the boards of directors Titan
Corporation, Fusion Telecommunications International, Inc., AT&T Government
Markets Division, RealMed, Inc, Verso Technologies, Inc., Bion Environmental
Technologies, and Barrington Capital.

Mr. Wright is a former member of the boards of directors of Travelers Group,
Harcourt Brace Janovich, and Hampton University. He is a member of the
Council on Foreign Relations, Chief Executives Organization, and the New
York Economic Club.