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Satnews Daily
April 5th, 2010

Iridium... Moving On Up...


Iridium Communications Inc. (Nasdaq:IRDM) has appointed Thomas J. Fitzpatrick to the role of executive vice president and chief financial officer (CFO), while Eric Morrison will continue with the company, assuming the new role of senior vice president, Iridium NEXT Financing and Planning. Mr. Fitzpatrick will assume responsibility for all aspects of Iridium's finance organization, and he will join the management team in the company's new McLean, Virginia, headquarters office. He will assume his new role effective April 5, 2010. Previously, Mr. Fitzpatrick was executive vice president and CFO of Centennial Communications Corporation from 2002 to 2009. During his tenure, the company experienced significant growth in revenue and operating profit, and he played a key role in AT&T's $2.7 billion acquisition of Centennial in November 2009. While CFO at Centennial, the company raised more than $2 billion in senior and high yield debt, and his management of Wall Street relationships facilitated a substantial increase in public ownership of the company.