New Skies Sat (NYSE:NSE)
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Please replace the release with the following corrected
version due to multiple revisions.
New Skies Satellites Holdings Ltd. (NYSE:NSE) announced today that
Scott Schneider has been named to serve as a member of the Company's
Board of Directors. Mr. Schneider's appointment brings the total
number of directors to eight. Mr. Schneider will also serve as a
member of the Company's Audit Committee. His appointment is effective
as of August 7, 2005.
The Board determined that Mr. Schneider is "independent" under the
rules of the New York Stock Exchange and the Company's Corporate
Governance Guidelines. He will serve as a Class II director.
Mr. Schneider is currently a member of the Board of Directors of
Citizens Communications. He was previously Vice Chairman, President
and Chief Operating Officer of Citizens from 2002 to 2004 and has held
various executive positions at Citizens since 2000. Prior to joining
Citizens, Mr. Schneider was Chief Financial Officer and a member of
the Board of Directors of Century Communications, where he worked from
1982 to 1999. Mr. Schneider also served as Chief Financial Officer,
Senior Vice President and Treasurer and a member of the Board of
Directors of Centennial from 1991 to 1999.
"I am delighted to welcome such a high-caliber and experienced
executive as Scott to the New Skies family," said Daniel Goldberg,
Chief Executive Officer. "His extensive financial experience and
strong reputation will be tremendous assets for the Company as we
continue to strive for strong financial performance and to return
value to our shareholders."
About New Skies Satellites (NYSE: NSE)
New Skies Satellites is one of only four fixed satellite
communications companies with global satellite coverage, offering
data, video, Internet and voice communications services to a range of
telecommunications carriers, broadcasters, large corporations,
Internet service providers and government entities around the world.
New Skies has five satellites in orbit, one spacecraft under
construction (NSS-8) and ground facilities around the world. New Skies
Satellites Holdings Ltd. is headquartered in Hamilton, Bermuda, and
has subsidiaries with offices in The Hague, Hong Kong, New Delhi, Sao
Paulo, Singapore, Sydney and Washington, D.C. Further information is
available at www.newskies.com