Intelsat Names McDonnell EVP/CFO
Intelsat has appointed Michael McDonnell executive VP and CFO, with an expected effective date of Nov. 17. In this position, he will be responsible for the overall management of Intelsat’s financial operations, including the accounting, treasury, financial-planning, and information-technology functions.
“With more than 22 years of experience and an impressive track record in leading large and complex financial organizations, Michael McDonnell is an ideal fit for Intelsat,” says Intelsat CEO David McGlade. “In addition, his knowledge of the satellite sector is a valuable asset as we implement our growth strategies and further our industry leadership. We are delighted to welcome Mike to the Intelsat team.”
McDonnell joins Intelsat from MCG Capital Corp., a publicly held commercial finance company, where he served as EVP/COO/CFO.
Prior to joining MCG Capital in 2004, McDonnell served as CFO of direct-to-home satellite-TV operator EchoStar Communications, now known as Dish Network Corp. During his tenure at EchoStar, the company realized more than 100% revenue growth in a four-year period and closed nearly $7 billion in convertible debt and high-yield and equity transactions. Earlier in his career, McDonnell held several positions at PricewaterhouseCoopers, where he was admitted as a partner in 1996 and was responsible for audit and related services for technology clients.
McDonnell is a member of the board of directors of Catalyst Health Solutions, formerly known as HealthExtras, a publicly held pharmacy-benefits-management company, serving as audit committee chairman and as a member of the compensation committee. He has a bachelor of science degree in accounting from Georgetown University and is a certified public accountant.