Teledesic Expands Senior Leadership Team
KIRKLAND, Wash. – March 18, 1999 – Teledesic LLC, which is
building a global, broadband Internet-in-the-Sky, today announced
the expansion of its senior leadership team.
Mark Shahriary, a former senior Hughes executive, has joined the
company as president, bringing 20 years of satellite manufacturing and
management experience to Teledesic.
Most recently, Shahriary was an executive vice president of Hughes
Space and Communications, where he was responsible for leading the
operations of the $2.5 billion company. At Teledesic, Shahriary, 54, is
responsible for providing overall corporate leadership as well as
overseeing the company's day-to-day operations.
"As Teledesic builds global momentum and moves into its next stage
of development, we wanted to expand the company's senior
leadership team to reflect our growth," said Craig McCaw,
Teledesic's founder and chairman. "Mark Shahriary has unparalleled
experience in technology and manufacturing, and his leadership will
help us develop the world's first global broadband network with
guaranteed end-to-end quality of service."
Bill Owens, vice chairman, will add the title co-chief executive officer,
sharing the title with Steve Hooper. Hooper, 46, will continue to focus
on strategic financing and business coordination with McCaw's other
companies, including NEXTLINK, one of the nation's fastest growing
providers of competitive telecommunications services. In related
news, Hooper today became chief executive officer of NEXTLINK,
where he is also chairman.
Owens, 58, will spearhead Teledesic's business development and
government marketing activities. He is the former president, chief
operating officer and vice chairman of Science Applications
International Corporation (SAIC) and the former vice chairman of the
Joint Chiefs of Staff. McCaw will remain Teledesic's chairman. Russ
Daggatt, 43, who was Teledesic's president, becomes vice chairman
and will continue to support the company's international, legal and
regulatory efforts.
In addition, Farzad Ghazvinian, formerly vice president and chief
technology officer, has been promoted to senior vice president and
chief technology officer. Ghazvinian, 45, is responsible for the overall
technical design of the Teledesic Network, including the integrated
design of satellites, user equipment and network functions.
Using a constellation of low-Earth-orbit satellites, Teledesic is the first
satellite communications network that will enable affordable,
worldwide access to "fiber-like" telecommunications services such as
broadband Internet access, videoconferencing and interactive
multimedia. McCaw and Microsoft Chairman Bill Gates are the two
primary founding investors in Teledesic. Other investors include
Motorola, Saudi Prince Alwaleed Bin Talal and The Boeing
Company. Teledesic (pronounced "tel-eh-DEH-sic") is a private
company based in Kirkland, Wash., a suburb of Seattle.
# # #
Teledesic and "Internet-in-the-Sky" are service marks of
Teledesic LLC.
Media Contact: Roger Nyhus, +1.425.602.6500;
roger@teledesic.com
Corporate Office: +1.425.602.0000; info@teledesic.com
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