Bermuda-based satellite service provider Intelsat Ltd. has elected Raymond Svider, a managing partner at BC Partners, Intelsat's majority shareholder, as chairman at a meeting of the company's board of directors.

Mr. Svider will replace Joseph Wright, who recently notified the company of his resignation as chairman of the board and director, effective May 1, 2008.

David McGlade, Intelsat's CEO said: "Joe Wright has been a key figure in the success of the fixed satellite services industry. From his days on the PanAmSat board, through his distinguished service as PanAmSat's CEO, to the last two years as Intelsat's chairman, he has been a major force in the positive changes that have shaped our sector. Joe's valuable insights as we combined Intelsat and PanAmSat, particularly with respect to our government business, allowed Intelsat to quickly obtain the benefits of our 'one company' operating structure. We wish him every success in his future endeavours."