Loral Space &
Communications Inc. LORL today announced that its board of
directors has named Avi Katz, 53, to the role of president of the
company. Mr. Katz, who replaces Michael Targoff, was formerly the
company's senior vice president, general counsel and corporate
secretary. The appointment comes as a result of the previously
announced restructuring following last month's sale of the company's
manufacturing division. Mr. Katz will also continue in his role as general counsel and secretary.
Continuing the phased departures of senior executive officers,
Richard Mastoloni will leave his role as senior vice president of
finance and treasurer. He will, however, continue to serve the
company as a consultant and will work with the board of directors and
Mr. Targoff on strategic matters relating primarily to Loral's
ownership interest in Telesat. John Stack, who served as assistant
treasurer of Loral for more than ten years, has been named treasurer.
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