Intelsat appoints chief financial officer
Posted: 20 March 2006
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Intelsat has appointed Jeffrey P. Freimark as Executive Vice Pr esident and Chief Financial Officer, effective on the resignation of Robert Medlin. Medlin has been serving as Acting Chief Financial Officer of Intelsat since June 2005, and is expected to resign his post in April 2006.
Freimark resigned on 15 March as executive vice president, chief financial and information officer of Beverly Enterprises Inc., a leading provider of healthcare services to the elderly. Beverly Enterprises was sold to Pearl Senior Care, Inc. in a transaction that closed on 14 March 2006 . Pr ior to his role at Beverly, Freimark held officer-level positions at a number of public companies, including serving as chief financial officer of OfficeMax Inc., chief executive officer, president, and chief financial officer for Grand Union Company, and chief financial officer of Pueblo International, Inc.
Intelsat Chief Executive Officer Dave McGlade said: “Jeff’s experience in working with the capital markets and building strong finance and accounting teams will be very valuable as Intelsat completes the PanAmSat merger. Including his work on integrations, Jeff has successfully implemented significant cost reduction and process improvement programs, demonstrating his strong abilities and effectiveness in driving company value. We know that he will be a major contributor at Intelsat.”
Freimark, who holds an MBA in accounting and taxation from the Stern School of Business at New York University and a JD degree from New York Law School , is a Certified Public Accountant and a member of the New Jersey Bar.
McGlade also noted the role played by Robert Medlin for Intelsat: “Bob Medlin has been very important to Intelsat over the past several months, and he has assisted in maintaining solid financial controls and processes during this period. All of us at Intelsat are appreciative of the efforts of Bob and his team.”
Medlin, a senior managing director of FTI Consulting, Inc., will continue to support Intelsat’s financial operations for an interim period on a consulting basis.
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