MUMBAI: Intelsat, Ltd. has announced the appointment of Jeffrey P Freimark as its executive VP and chief financial officer, effective on the resignation of Robert Medlin.
Medlin has been serving as acting chief financial officer of Intelsat since June 2005, and is expected to resign from his post in April 2006.
Jeffrey P Freimark resigned on 15 March as executive vice president, chief financial and information officer of Beverly Enterprises Inc., a provider of healthcare services to the elderly.
Beverly Enterprises was sold to Pearl Senior Care, Inc. in a transaction that closed on 14 March, 2006. Prior to his role at Beverly, Freimark held senior-level positions at a number of public companies, including serving as chief financial officer of OfficeMax Inc., CEO, president and CFO for Grand Union Company, and chief financial officer of Pueblo International, Inc.
Freimark, who holds an MBA in accounting and taxation from the Stern School of Business at New York University and a JD degree from New York Law School, is a Certified Public Accountant and a member of the New Jersey Bar.
Intelsat chief executive officer Dave McGlade says, “Jeff’s experience in working with the capital markets and building strong finance and accounting teams will be very valuable as Intelsat completes the PanAmSat merger. Including his work on integrations, Jeff has successfully implemented significant cost reduction and process improvement programs, demonstrating his strong abilities and effectiveness in driving company value. We know that he will be a major contributor at Intelsat.”
McGlade also noted the role played by Robert Medlin for Intelsat: “Bob Medlin has been very important to Intelsat over the past several months, and he has assisted in maintaining solid financial controls and processes during this period. All of us at Intelsat are appreciative of the efforts of Bob and his team.”
Medlin, a senior managing director of FTI Consulting, Inc., will continue to support Intelsat’s financial operations for an interim period on a consulting basis.
