PanAmSat Appoints New Members to Its Board of Directors
February 11 2004 - 9:30AM
PR Newswire (US)
PanAmSat Appoints New Members to Its Board of Directors WILTON,
Conn., Feb. 11 /PRNewswire-FirstCall/ -- PanAmSat Corporation today
announced that Chase Carey, president and chief executive officer
of Hughes Electronics Corporation, has been appointed to serve as
chairman of the board of PanAmSat. Mr. Carey succeeds Jack Shaw who
retired as president and chief executive officer of Hughes with the
completion of the News Corporation's acquisition of 34 percent of
Hughes common stock last December. Previously, Mr. Carey was
co-chief operating officer of News Corporation and President and
chief executive officer of Sky Global Networks until his
resignation in January 2002. He also served as chairman and chief
executive officer of the Fox Television Group until 2001. He
continued as a member of the Board of Directors of News Corp. and
as a consultant to the Company. Mr. Carey played a central role in
managing the operations and strategy of News Corp. with particular
focus on its worldwide television business that encompasses the Fox
network, Fox Television Stations, Fox Cable Programming Group and
News Corp's international satellite operations. In addition,
PanAmSat also announced the appointment of Bruce Churchill and
Patrick Doyle to its Board of Directors. Mr. Churchill was recently
appointed chief financial officer of Hughes where he is responsible
for the Company's overall financial operations, as well as
overseeing the operations of DIRECTV Latin America. Prior to
joining Hughes, Mr. Churchill served as president and chief
operating officer of STAR, News Corporation's Asian satellite
television and multi-media service. Mr. Doyle, who has been with
Hughes since 1992, was recently promoted to senior vice president,
controller, treasurer and chief accounting officer of the
Company.PanAmSat's board also includes Joseph R. Wright, Jr.,
president and chief executive officer, PanAmSat Corporation;
Patrick J. Costello, chief financial officer, Northway Management
Company, LLC; Eddy W. Hartenstein, vice chairman of Hughes; Dennis
Hightower, former chief executive officer of Europe Online Network
S.A.; James M. Hoak, chairman, Hoak Capital Corporation; Larry D.
Hunter, corporate executive vice president and general counsel,
Hughes; and Stephen R. Kahn, Managing Director, Advent
International Corporation. About PanAmSat PanAmSat Corporation
(NASDAQ:SPOT) is one of the world's top three satellite operators
managing a global fleet of 30 satellites, 25 of which are
wholly-owned by the Company, for the delivery of news, sports and
other television programming. In total, this fleet is capable of
reaching more than 98 percent of the world's population through
cable television systems, broadcast affiliates, direct-to-home
operators, Internet service providers and telecommunications
companies. In addition, PanAmSat supports the largest concentration
of satellite-based business networks in the U.S., as well as
specialized communications services in remote areas throughout the
world. PanAmSat is 81 percent owned by HUGHES Electronics
Corporation. For more information, visit the company's web site at
http://www.panamsat.com/. About Hughes Hughes Electronics
Corporation is a world-leading provider of digital multichannel
television entertainment, broadband satellite networks and
services, and global video and data broadcasting. Hughes is 34
percent owned by Fox Entertainment Group, which is approximately 82
percent owned by News Corporation. DATASOURCE: PanAmSat Corporation
CONTACT: Kathryn Lancioni of PanAmSat Corporation, +1-646-293-7415
Web site: http://www.panamsat.com/
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