22nd Jun 2005 16:16
Inmarsat PLC22 June 2005 INMARSAT PLC CONFIRMS APPOINTMENT OF NEW NON-EXECUTIVE DIRECTORS TO THE BOARD 22 June 2005: Inmarsat plc, the leading provider of global mobile satellitecommunications, today confirmed the appointment of three new Non-ExecutiveDirectors to the Board following the company's listing on the London StockExchange. The new appointees are Sir Bryan Carsberg, Stephen Davidson andAdmiral James Ellis, Jr. (Retd). Sir Bryan Carsberg is a respected figure in international business, withextensive experience in the telecommunications sector. He was the first DirectorGeneral of Telecommunications, running Oftel, the telecommunications regulatorthat preceded Ofcom, from 1984 to 1992; Director General of Fair Trading from1992 to 1995; and Secretary General of the International Accounting StandardsCommittee from 1995 to 2001. He was also an independent non-executive directorof Cable and Wireless Communications plc from 1997 to 2000. Sir Bryan iscurrently Chairman of the Pensions Compensation Board, and an independentnon-executive director of RM plc, SVB Holdings plc and Philip Allan PublishersLtd. Stephen Davidson is the former CFO and CEO of Telewest Communications plc. Hehas held various positions in investment banking. At West LB Panmure, he wasGlobal Head of Media and Telecoms Investment Banking, and then Vice Chairman ofInvestment Banking. He is currently Chairman of SPG Media plc and anon-executive director of The Wireless Group plc and Williams Lea Group Ltd. Admiral James Ellis, Jr. (Retd) is the former Commander of the United StatesStrategic Command, where he was responsible for the global command of USstrategic forces. During his time in that role, he also oversaw the employmentand modernisation of the satellite communications network of the US Departmentof Defense. Prior to that, he was Commander-in-Chief of US Naval Forces, Europe,and Commander-in-Chief of Allied Forces, Southern Europe, during a period ofBalkan crisis. Admiral James Ellis, Jr. (Retd) is currently the President and Chief ExecutiveOfficer of the Institute of Nuclear Power Operations, and serves on the Boardsof Lockheed Martin Corporation, Level 3 Communications, Inc. and America FirstCompanies, LLC. Commenting on the appointments, Andrew Sukawaty, Chairman and CEO of Inmarsat,said: "We welcome Sir Bryan, Stephen and James to the Board of Inmarsat. Eachbrings significant experience to our business. This will be invaluable to theBoard as we grow and strengthen our international operations". Forward-looking Statements Certain statements in this announcement constitute "forward-looking statements"within the meaning of the U.S. Private Securities Litigation Reform Act of 1995.These forward-looking statements involve risks, uncertainties and other factorsthat may cause our actual results, performance or achievements, or industryresults, to be materially different from those projected in the forward-lookingstatements. These factors include: general economic and business conditions;changes in technology; timing or delay in signing, commencement, implementationand performance of programmes, or the delivery of products or services underthem; structural change in the satellite industry; relationships with customers;competition; and ability to attract personnel. You are cautioned not to rely onthese forward-looking statements, which speak only as of the date of thisannouncement. We undertake no obligation to update or revise any forward-lookingstatement to reflect any change in our expectations or any change in events,conditions or circumstances. About Inmarsat Limited Inmarsat plc (LSE: ISAT) is the leading provider of global mobile satellitecommunications services. The company has more than 25 years' experience ofdesigning, launching and operating its satellite-based network. With a fleet often owned and operated geostationary satellites, which are controlled from itsheadquarters in London, Inmarsat provides a wide range of voice and high-speeddata services to users worldwide, including telephony, fax, video, email andbroadband intranet and internet access. Inmarsat's revenues, operating profitand EBITDA for the full year 2004 were US$480.7 million, US$159.1 million andUS$303.6 million, respectively. More information can be found atwww.inmarsat.com. For more information, please contact: Chris McLaughlin John WarehandVice President, Corporate & Investor Relations Media Relations ManagerInmarsat InmarsatTel: +44 20 7728 1015 Tel: +44 20 7728 1579Email: [email protected] Email: [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Inmarsat