Bethesda, Md., March 29, 2007 – William Shernit has been named President and CEO of Intelsat General Corp., a wholly-owned subsidiary of Intelsat Ltd., with the aim of leveraging the world’s largest satellite fleet to deliver assured communications and integrated, satellite-based solutions to U.S. Federal, other government and commercial customers.
Mr. Shernit joins Intelsat General as the Company emerges from a period of rapid growth and consolidation fueled by recent acquisitions and mergers. A seasoned executive and national security expert, he plans to apply his experience with complex intelligence and defense systems to integrate the combined capabilities and best-of- breed cultures of the legacy companies. He intends to strengthen Intelsat General with a focus on growth from traditional satellite communications services to U.S. government agencies and NATO forces around the globe, as well as future satellite-based systems and solutions.
“Intelsat General is well positioned to be a key player and to partner with its customers in the nation’s efforts to define and bring assured communications technology to the war on terror, disaster relief, and a broad range of other government and commercial activities,” Mr. Shernit said. “The Company represents high levels of both service and innovation in government satellite systems, which will serve as a foundation for our future.”
Mr. Shernit comes to Intelsat General after serving over 15 years as President of BAE Systems Information Technology. During his tenure, employees grew from fewer than 200 to over 4,500 as BAE-IT enjoyed a track record of continuous year-over-year profitable growth. In 2006, Computerworld magazine ranked BAE Systems as one of the 100 Best Places to Work in information technology.
Before joining BAE Systems, Mr. Shernit served as vice president for business development for the Perkin-Elmer Corporation’s Government Systems Sector. Prior to joining Perkin-Elmer, Mr. Shernit spent 13 years with the Central Intelligence Agency. He began his CIA career in Special Programs, moving next to Research and Development and later heading Technical Collection in the Office of SIGINT Operations. Mr. Shernit also served as the Executive Officer of the Directorate of Science and Technology. He began his career with TRW’s Electronic Warfare Laboratory.
Mr. Shernit holds Masters and Bachelors degrees in electrical engineering from Cornell University, where he was a Sloan scholar and a member of the Tau Beta Pi and Eta Kappa Nu honor societies. He also has completed executive seminars at the Wharton School of Business and Duke University.
About Intelsat General
Headquartered in Bethesda, Md., Intelsat General Corporation provides leading-edge communications solutions to commercial, government, and military customers through fixed and mobile satellite systems and associated terrestrial communications services. Intelsat General incorporates flexible and robust ground and space infrastructure and technical expertise to deliver reliable, quickly deployable and secure network solutions anywhere around the globe. Intelsat General is an indirect, wholly-owned subsidiary of Intelsat, Ltd.
Intelsat Safe Harbor 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 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.
