Echostar CFO Moves to MCG Capital Corp.

ARLINGTON, Va./Satnews Daily/ -- Michael R. McDonnell, Chief Financial Officer of Echostar Communications Corp., has moved to MCG Capital Corporation as Executive Vice President and Chief Financial Officer.

McDonnell was formerly Echostar’s Chief Financial Officer reporting directly to the Chairman and CEO.

At Echostar, McDonnel had direct oversight for finance, accounting, tax, internal audit, information technology and customer management operations. He was management's primary interface with the Audit Committee of the Board of Directors. During McDonnell's tenure, the company completed $6.7 billion in convertible debt; high yield debt and equity transactions including one of the largest high yield bond deals ever.

McDonnell also managed over $700 million of profitability growth and as the company's primary interface with the rating agencies, contributed to a three- notch improvement in bond ratings.

He has experience working with the Securities Exchange Commission and the Federal Communications Commission on complex accounting and regulatory issues. Prior to joining EchoStar in 2000, McDonnell, 40, spent 14 years at Pricewaterhouse Coopers LLP in Washington, D.C. and Denver, CO. He worked primarily with technology, communications, media and business services companies both large and small. McDonnell led the firms' media and technology practice in Denver, CO where he served as the lead engagement partner for SEC transactions including IPO's and Mergers and Acquisitions.

He made Partner in 1996 at age 32 making him one of the youngest members of the Partnership at the time. He is a licensed CPA and has a B. S. in Business Administration with a major in Accounting from Georgetown University in Washington, D.C.