TerreStar Corporation (Nasdaq: TSTR) has announced that Jeffrey W. Epstein has added Chief Executive Officer duties to his position at TerreStar Corporation and its subsidiaries, and will assume the title of President & CEO, effective immediately. Mr. Epstein has served as President of TerreStar since April 2008.  

"The Board is pleased to recognize Jeff's achievements and talents by promoting him to Chief Executive Officer," said William Freeman, Chairman of the TerreStar Board of Directors. "Since Jeff's elevation to President in April 2008 he has shown that he has the vision and leadership to take TerreStar into its next phase of growth – becoming the first fully operational integrated satellite/terrestrial network provider." The Board of Directors also promoted Vincent Loiacono to Chief Financial Officer of TerreStar Corporation and its subsidiaries, effectively immediately. Mr. Loiacono has been TerreStar's Chief Accounting Officer since November 2008.