Globalstar President Doug Dwyre to Retire Will Serve On Board of Directors
Business Wire - March 08, 1999 17:08
SAN JOSE, Calif.--(BUSINESS WIRE)--March 8, 1999--
Anthony J. Navarra Named as Acting Chief Operating Officer
Douglas G. Dwyre, 66, president of Globalstar, will retire from his position,
effective at the end of the month, according to Bernard L. Schwartz, chairman
and chief executive officer of Globalstar. Anthony J. Navarra, executive vice
president for strategic development, will serve as acting chief operating officer
of the company effective immediately.
In addition, it was announced that Mr. Dwyre is to be elected to the board of
directors of Globalstar Telecommunications Ltd.
"Doug Dwyre has provided exceptional leadership in managing the evolution of
the Globalstar system from its infancy to the roll-out of the operating system,"
Mr. Schwartz noted. "He accomplished the task he signed on for in 1992,
smoothly and successfully bringing together the multiple facets of the Globalstar
program and positioning the company for initiation of service later this year.
We are grateful to him for extending his stay at Globalstar as president beyond
his planned retirement date and for agreeing to give us the continued benefit of
his insight and guidance as a member of our board. We wish him well in his
retirement."
Mr. Dwyre stated: "It was always my intent to remain at Globalstar until our
launch campaign was well underway and the health of our satellites was
assured. I delayed my retirement from last fall determined to see our satellites
launched on the Soyuz rocket which, together with Delta, will complete our
constellation. I am proud to have been part of the innovative and exciting
Globalstar project and look forward to being an 'early adopter' of the service.
Globalstar remains in the hands of an extraordinary team and is bound for
great success." Mr. Dwyre will relocate with his wife, Susan, to their new
home in the state of Washington immediately upon retirement.
Doug Dwyre joined Globalstar in 1992 after eight years as president of
Cincinnati Electronics and four years as President of STC Submarine Systems,
Inc. Mr. Dwyre previously worked for 19 years with what is now known as
Space Systems/Loral, joining Ford Aerospace in 1962 where he progressed
to the position of managing director of the company's satellite operations
division. Loral purchased Ford Aerospace in 1990.
Anthony J. Navarra, who joined Globalstar in 1991, leads and manages
Globalstar's business partnerships and marketing programs, working closely
with service providers in preparation for the initiation of commercial service in
the third quarter of 1999. He will assume additional responsibilities as acting
chief operating officer of the company.
Globalstar, led by Loral Space & Communications, is a partnership of the
world's leading telecommunications service providers and equipment
manufacturers, including Qualcomm Incorporated, AirTouch Communications,
Alcatel, Alenia, China Telecom (Hong Kong), DACOM, Daimler-Benz
Aerospace, Elsacom, a Finmeccanica/Elsag Bailey Company, France
Telecom, Hyundai, Space Systems/Loral and Vodafone. For more
information, visit Globalstar's web site at www.globalstar.com.
Loral Space & Communications is a high technology company that primarily
concentrates on satellite manufacturing and satellite-based services, including
transponder leasing and value-added services, domestic and international
corporate data networks, global wireless telephony, broadband data
transmission and content services, Internet services, and international
direct-to-home satellite services. For more information, visit Loral's web site at
www.loral.com.
CONTACT: Globalstar Telecommunications Ltd., New York
Jeanette Clonan, 212/338-5658 |
