Wajsgras has most recently worked as a partner at private equity firm Pine Island Capital Partners.
Satellite operator Intelsat has tapped David Wajsgras as its next chief executive officer (CEO), effective April 4.
Wajsgras succeeds Stephen Spengler, who announced his planned retirement in October 2021.
Wajsgras has two decades of experience at the senior executive management level, providing operational, strategic and financial leadership in both the commercial and defence industries. He most recently served as president of the global, $7.5bn, advanced-technology Intelligence, Information and Services (IIS) business at the former Raytheon Company, now part of Raytheon Technologies. Before joining Raytheon as a chief financial officer, Wajsgras was executive vice president and chief financial officer at Lear Corporation and held other key operations and leadership roles.
Speaking about the appointment, Lisa Hammitt, chairperson of the Intelsat Board of Directors, said: “Dave Wajsgras is a results-oriented leader with a great track record of performance throughout his career. He develops talent and builds teams, thinks and acts strategically, and engages positively with customers and other stakeholders to the benefit of the business. Dave is just the right person to lead Intelsat at this important time.”
Wajsgras added: “Intelsat has a leading position in the market and a strong, global team of professionals. While the company has made history over nearly 60 years, its Intelsats future that excites me most. With a focus on customers and a commitment to delivering on our promises, were ready to write the next chapter in the story of communications and connectivity.”
Hammitt stated: “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.”
