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Motient Names New Members to Executive Team |
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LINCOLNSHIRE, Ill., Oct. 4, 2006/Satnews Daily/ — Motient Corporation (MNCP) has appointed three new members of the executive team.
Robert H. Brumley was named president and CEO of Motient. Motient said Brumley brings extensive domestic and international telecommunications, security and transactional experience to his new role at Motient.
Neil L. Hazard was named executive vice president, chief financial officer and treasurer. Hazard has over 30 years of finance and operations experience in the telecommunications industry.
Jeffrey W. Epstein was named general counsel and secretary. Epstein will be responsible for overseeing Motient’s legal affairs.
Brumley is currently president and CEO of TerreStar Networks, Hazard is currently chief financial officer of TerreStar Networks and Epstein is currently associate general counsel of TerreStar Networks. These appointments are part of Motient’s previously announced plan to create a clear path to value for stockholders and are another step in creating the separation of MSV and TerreStar into two independent publicly traded entities.
Brumley previously served as president and CEO of Pegasus Global, an international firm he co-founded specializing in telecommunications, technology, infrastructure development and aerospace/defense. He held senior executive positions with global communications firms such as Deutsche Telekom and Bell Atlantic International where he was responsible for Bell Atlantic’s international telecommunications transactions worldwide, including its participation in Constellation Communications, Inc., a low earth orbit satellite venture.
Brumley served as a presidential appointee of the Reagan Administration. He also served on senior-level working groups of the National Security, Domestic and Economic Policy Councils and chaired the Reagan Administration policy group that privatized commercial space transportation removing NASA from the burden of launching commercial satellite payloads on the Space Shuttle [STS]. Brumley is a retired Lieutenant Colonel in the United States Marine Corps Reserves.
Prior to joining Motient, Hazard served as COO and CFO of publicly-held Primus Telecommunications Group, completing the company’s initial public offering, four subsequent high yield debt offerings, secondary equity offering, and convertible debt offering, totaling over $1.5 billion in capital raised. He held finance and product marketing roles with MCI Communications Corporation. He was CFO for Overseas Telecommunications, a start-up international satellite telecommunications carrier, and assistant vice president, Finance, for Hughes Network Systems.
Hazard received a Bachelor of Engineering Science degree from Johns Hopkins University, a Masters of Science in Computer Systems Management from the University of Maryland, and an MBA from Harvard University. He is a Certified Public Accountant and a Certified Management Accountant.
Epstein previously served as director, assistant general counsel, Transactions, for Capital One Financial Corporation. He worked for Piper Rudnick, LLP, and Kutak Rock, LLP, representing clients in various corporate and securities matters. He served as a staff attorney in the United States Securities and Exchange Commission’s Division of Corporate Finance. Epstein earned a Bachelor of Arts Degree in Business Administration from the University of Florida, a J.D. from St. Thomas University School of Law, and an L.L.M. in Securities and Financial Regulation from Georgetown University Law Center.
Christopher Downie who has served as Motient’s chief operating officer since March 2004 has resigned from his position with the company but will continue to serve as a consultant.
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