David McGlade, CEO of Intelsat, will continue to serve as CEO and a company director after the merger. Joseph Wright, currently CEO of PanAmSat, is expected to become chairman of the board. Over the long term, the company will consolidate the two organizations. The company is expected to have pro forma annual revenues of more than $1.9 billion.
Upon completion of the transaction, both PanAmSat Holding Corporation and Intelsat Subsidiary Holding Co. Ltd will be direct or indirect wholly-owned subsidiaries of Intelsat (Bermuda) Ltd., and PanAmSat Holding Corp. and its subsidiaries will continue as separate corporate entities.
For more information, visit: www.intelsat.com or www.panamsat.com