(12 April 2008 4:00 pm)

MUMBAI: Satellite services provider Intelsat has announced that Raymond Svider will replace Joseph Wright, who recently notified the company of his resignation as chairman of the board and director effective 1 May 2008.

Svider, a managing partner of BC Partners, Intelsat’s majority shareholder, has been elected to the position of chairman.

Intelsat CEO David McGlade says, "Joe Wright has been a key figure in the success of the fixed satellite services industry. From his days on the PanAmSat board, through his distinguished service as PanAmSat’s CEO, to the last two years as Intelsat’s chairman, he has been a major force in the positive changes that have shaped our sector.