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To: Sawtooth who wrote (4065)	4/22/1999 5:39:00 PM
From: djane	Respond to of 29987

Edward F. Staiano Resigns as Vice Chairman and CEO Business Wire - April 22, 1999 16:24 WASHINGTON, D.C.--(BUSINESS WIRE)--April 22, 1999-- Iridium LLC Board of Directors Forms Executive Committee Interim CEO Appointed Iridium LLC announced today that its Board of Directors has formed an Executive Committee to manage the Company's day-to-day operations and that it has appointed John A. Richardson to the position of interim Chief Executive Officer, effective immediately. Executive Committee members include, Mr. Richardson; Alberto Finol, Chairman of Iridium SudAmerica corporation; John Mitchell, former Vice Chairman of the Board of Motorola Inc.; Richard L. Lesher, Director of Iridium World Communications Ltd. and former President of the U.S. Chamber of Commerce; and Yoshiharu Yasuda, President of Nippon Iridium Corporation. The Committee will pursue selection of a new Chief Executive Officer to replace Dr. Edward F. Staiano, who today submitted his resignation. Dr. Staiano also resigned his position as Chairman of Iridium World Communications, Ltd. Robert W. Kinzie, Chairman of the Board of Iridium LLC, praised Dr. Staiano's work during the technical implementation of the Iridium program. "Dr. Staiano led Iridium LLC through the successful deployment phase of the Iridium project. The Iridium system has achieved outstanding service performance and worldwide availability. We thank him for his significant technical and licensing accomplishments in guiding the project to this stage of completion", he said. Interim CEO John A. Richardson who is currently serving as CEO of Iridium Africa Corporation, has extensive experience in both international business operations and financial services. He was an Executive Director of Hutchison Whampoa Ltd. in Hong Kong for twelve years during its extensive corporate restructuring in the late 1970s and early 1980s, culminating in his appointment as CEO from 1979 to 1985. In the early 1990s he was Chairman of the Management Committee of EXCO, a U.K. based international brokerage and foreign exchange trading business which after corporate restructuring was re-listed on the London stock exchange in 1993. He was most recently Chairman and CEO of Barclays Bank-BZW Asia. Iridium LLC became the world's first global satellite phone and paging company on November 1, 1998. The network of 66 low-earth orbiting satellites, combined with terrestrial cellular systems, enables customers to communicate virtually anywhere in the world using one phone and pager, one phone number, and receiving one monthly bill. Customers access participating local cellular networks when available, and the Iridium satellite network when outside terrestrial cellular coverage. Iridium World Communications, Ltd. (NASDAQ: IRID) is the public investment vehicle of Iridium LLC. Iridium is a registered trademark and service mark of Iridium LLC (c) 1999 CONTACT: Iridium LLC, Washington, DC Michelle Lyle Director, Media Relations 202-408-3818 or Iridium News Bureau 202-712-7741 Headlines Previous Story Next Story %DC-IRIDIUM IRID %DISTRICT %OF %COLUMBIA %TELECOMMUNICATIONS %COMPUTERS %ELECTRONICS %INTERACTIVE %MULTIMEDIA %INTERNET %COMED %MANAGEMENT %CHANGES V%BW P%BW