Spacenet Inc., a wholly owned subsidiary of Gilat Satellite Networks Ltd. (Nasdaq: GILT), has appointed Glenn Katz as CEO. Currently serving as President and Chief Operating Officer of Spacenet, Glenn Katz will assume the responsibility of CEO effective January 1, 2012. Mr. Katz has been serving in his current role since 2006, fostering the company’s year over year growth in revenue and managing its strategic business initiatives. An industry veteran, Mr. Katz serves as the driving force behind Spacenet’s ongoing improvements to its product portfolio and service delivery.

Andreas M. Georghiou, Spacenet’s current CEO, will continue to serve as external advisor to Gilat’s executive management team. Mr. Georghiou was appointed CEO in 2006, and under his leadership Spacenet has demonstrated improvements across key business indicators, delivering growth in revenues and profitability. Mr. Georghiou has been instrumental in broadening the strategic direction of Spacenet to include Managed Network Services for both enterprise and government customers.

Prior to joining Spacenet, Mr. Katz was the Interim CEO and CIO of StarBand Communications Inc, a consumer broadband satellite company. As the Interim CEO, he led the merger between StarBand and Spacenet Inc. that was concluded in 2006. Prior to joining StarBand, Mr. Katz held several executive roles with Gilat Satellite Networks in both Gilat’s headquarters and U.S. subsidiary, and helped launch Gilat Latin America, Inc. serving as Chief Technical Officer and VP of Operations. Before joining Gilat in 1993, Mr. Katz worked with Digital Transmission Systems, and Scientific Atlanta, serving as a design and development engineer in both companies. Mr. Katz holds undergraduate and graduate degrees in Electrical Engineering from the Georgia Institute of Technology in Atlanta, Georgia.