Bill Gerety Ends 3-Year Stint at Spacenet; Katz Named Acting CEO and President

PETAH TIKVA, Israel, May 17, 2006/Satnews Daily/ — Gilat Satellite Networks Ltd. (Nasdaq: GILT) has announced that Bill Gerety, CEO and president of Spacenet Inc. will soon complete his three year employment term. In his place, Spacenet has appointed Glenn Katz as its acting CEO effective June 1, 2006.

Katz is currently serving as vice president and CEO of Spacenet and has been with Gilat for more than thirteen years. Spacenet said Gerety will assist the company in June to assure a smooth transition.

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