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Hughes Completes Board with Appointment of 3 Independent Directors |
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GERMANTOWN, Md., June 27, 2006/Satnews Daily/ — Hughes Communications, Inc. has appointed three independent executives to complete its eight member board of directors. Stephen Clark, venture partner with Intersouth Partners, Gene Gabbard, private investor and Lawrence J. Ruisi, advisory consultant, assume their positions immediately.
“Collectively our new Board members possess a wealth of telecommunications, entertainment and financial industry experience that will undoubtedly prove beneficial as we expand our broadband solutions and service offerings in all market sectors globally,” said Pradman Kaul, CEO of Hughes.
Stephen Clark has more than 30 years of general management experience in high growth companies in the telecommunications, technology and manufacturing sectors. Most recently, he served as Chairman and CEO of SpectraSite Communications which was sold to American Tower Corp. in August 2005.
Gene Gabbard is a private investor who has a long and successful track record in the telecom industry. A former executive vice president and chief financial officer of MCI Communications Corporation, Gabbard also served as chairman of the board and CEO of Telecom*USA. He was one of the original founders and president of Digital Communications Corp., a Maryland start-up that eventually became Hughes Network Systems, and holds numerous patents in the field of digital communications.
Lawrence Ruisi is the former president and CEO of Loew's Cineplex Entertainment Group. While at Loew's he was responsible for the strategic direction of the company, as well as theatre operations, marketing, financial management and investor relations. Mr. Ruisi has over 20 years experience as a senior executive in the entertainment industry, including Sony, Columbia and Tristar Pictures.
The new appointees join the incumbent Hughes board members, namely Andrew Africk, Aaron Stone and Michael Weiner of Apollo Management, Jeffrey Leddy of Sky Terra, and Pradman Kaul.
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