KIRKLAND, Wash.--(BUSINESS WIRE)--
ICO Global Communications (Holdings) Limited (NASDAQ: ICOG) ("ICO" or
the "Company") announced today that it has added several key members to
its senior management team. The Company previously announced its
intention to change its name to Pendrell Corporation. The name change is
expected to become effective later this month.
Robert G. Mechaley, Jr. has been appointed chief scientist. With more
than 30 years of experience in the telecommunications industry, he was a
co-founder of Clearwire Corporation where he also served as chief
technology officer, and prior to that he was chief scientist at AT&T
Timothy M. Dozois has been appointed corporate counsel and corporate
secretary. He has held these positions in an acting capacity since 2010.
Mr. Dozois has more than 20 years of experience in the areas of
securities law, mergers and acquisitions and intellectual property.
Mark Fanning has been appointed chief people officer. He has held
leading human resources executive positions with Clearwire Corporation,
Nextel Partners, AT&T Wireless and McCaw Cellular.
"We are very pleased to have Rob, Tim and Mark joining us," said Ben
Wolff. "With the addition of these talented executives, we have an
experienced, nimble and entrepreneurial team that positions us very well
to pursue new opportunities."
Additionally, the Company announced that Ben Wolff, the Company's Chief
Executive Officer, and R. Gerard Salemme, the Company's Chief Strategy
Officer, resigned from their positions with Eagle River, the Company's
largest shareholder, in order to focus their full attention on the
business of the Company.
ICO is headquartered in Kirkland, Washington. The Company is changing
its name to Pendrell Corporation and will trade under the ticker symbol
PCO. On June 20, 2011, the Company announced the acquisition of Ovidian
Group, a leading global IP services and solutions firm. For more
information, visit www.ico.com.
ICO Global Communications
Christopher Doherty, 703-964-1414
Source: ICO Global Communications (Holdings) Limited
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