Intelsat’s Board of Directors elected Dave McGlade, currently Deputy Chairman and Chief Executive Officer, to the position of Chairman and Chief Executive Officer, effective April 1, 2013. Mr. McGlade has served as the Company's Chief Executive Officer for eight years. Mr. McGlade has appointed Stephen Spengler to the position of President and Chief Commercial Officer, effective March 18, 2013, a new role for the Company. Mr. Spengler has been with Intelsat in various executive positions since 2003, most recently serving as Executive Vice President, Sales, Marketing and Strategy. Mr.