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Gilat Names Bill Gerety, Former CEO of Astrolink, as New Spacenet CEO

Petah Tikva, Israel /July  14, 2003/Satnews/ Gilat Satellite Networks Ltd. (Nasdaq: GILTF) announced today that it has named Bill Gerety as the new CEO of its Spacenet subsidiary. Gerety takes over from Nick Supron, who served as Spacenet's CEO for the last two years. The change was made effective on July 1.  

During his tenure, Supron led a successful effort at Spacenet to optimize operations, streamline processes and increase efficiencies, in an effort to adapt the company to the changing characteristics of the market and business environment. The company noted that Supron elected to step down in order to spend more time with his family and to pursue other business opportunities.

Bill Gerety joins Spacenet with an intimate understanding of the satellite and telecommunications industries. Immediately prior to joining Spacenet, Gerety served as acting CEO and Chief Operating Officer of Astrolink International, a broadband satellite venture headed by Liberty Media, Lockheed Martin, TRW and Telespazio.

Gerety has also had a distinguished career as a senior officer in the US Army, and continues to serve as a colonel in the US Army Reserve. He holds a BS from the US Military Academy at West Point, an MS in Strategic Studies from the US Army War College, as well as an MS in Contracts & Acquisition Management and an MBA from the Florida Institute of Technology. After spending four years at Spacenet in the early 90s, Bill served as COO of international telecom service provider World Access/Facilicom International; and he led international network sales efforts at Sprint International.

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