The new owner of Intelsat has named David McGlade, the head of Mmo2’s British business, as its new chief executive. McGlade will move to Intelsat after the completion of its acquisition by Zeus Holdings. Zeus is expected to complete the deal early in 2005 and McGlade will join in March, replacing Conny Kullman, who will become chairman.
McGlade joined Mmo2, formerly BT Cellnet, four years ago after working in his native America for Sprint, Cable AdNet and TCI Telephoney Services.
On 22 December 2004, Intelsat announced that it had received the necessary regulatory approval from the U.S. Federal Communications Commission to proceed with the proposed purchase of Intelsat, Ltd. by Zeus Holdings Ltd.
Shareholder approval of the proposed acquisition was received earlier in 2004.