Intelsat, operator of the global integrated satellite and terrestrial network, has tapped David Wajsgras, as its next chief executive officer (CEO). Effective April 4, Wajsgras succeeds Stephen Spengler, who announced his planned retirement in Oct. 2021.
David brings great industry experience to Intelsat
Wajsgras has two decades of experience at the senior executive management, providing operational, strategic and financial leadership in both the commercial and defense industries.
He served as president of the global, $7.5bn, advanced-technology Intelligence, Information and Services (IIS) at the former Raytheon Company, now part of Raytheon Technologies.
Before joining Raytheon as CFO, Wajsgras was executive vice president and chief financial officer at Lear Corporation (NYSE: LEA) and held other key operations and leadership roles.
“Dave Wajsgras is a results-oriented leader with a great track record of performance throughout his career,” said Lisa Hammitt, chairperson of the Intelsat Board of Directors.
“He builds teams and acts strategically, and engages positively with clients to the benefit of the business. Dave is just the right person to lead Intelsat at this important time.”
“Intelsat has a top market position and a strong team of professionals,” said Wajsgras.
“While the company has made history over nearly 60 years, it’s Intelsat’s future that excites me most. With a focus on customers and a commitment to delivering on our promises, we’re ready to write the next chapter in the story of communications and connectivity.”
Intelsat echoes its thanks to the retiring Steve
“As we welcome Dave, we also will be saying goodbye to Steve Spengler. The members of the Board, and indeed the whole Intelsat team, owe great thanks to Steve for his tremendous contributions to the company for 18 years and his steady and accomplished leadership over the past seven. His retirement is well earned,” concluded Hammitt.