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8-K - FORM 8-K - DIGITALGLOBE, INC. | c13240e8vk.htm |
EX-10.1 - EXHIBIT 10.1 - DIGITALGLOBE, INC. | c13240exv10w1.htm |
Exhibit 99.1
Media Contact | Investor Contact | |||
Adrienne Lee
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David Banks | |||
Racepoint Group for DigitalGlobe
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DigitalGlobe | |||
202.912.4905
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303.684.4210 | |||
digitalglobe@racepointgroup.com
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dbanks@digitalglobe.com |
DigitalGlobe Names Information Industry Leader Jeffrey R. Tarr New President and CEO,
General Howell M. Estes III New Chairman of the Board
General Howell M. Estes III New Chairman of the Board
Tarr brings track record of accelerating profitable growth and creating shareholder value at
several of the worlds leading information companies.
several of the worlds leading information companies.
Longmont, Colorado, February 28, 2011
DigitalGlobe (NYSE: DGI), a leading global content provider of high-resolution earth imagery solutions,
has appointed Jeffrey R. Tarr as its new President and Chief Executive
Officer, effective April 5, 2011. Tarr succeeds Jill Smith, who, in September 2010, announced her
intention to leave the company and was both the companys CEO and Chairman. DigitalGlobe also named
current DigitalGlobe Board Member General Howell M. Estes III as its new non-executive Chairman.
Tarr comes to DigitalGlobe as a recognized leader in driving profitable growth at several of the
worlds top information companies. Most recently he was President and Chief Operating Officer at
IHS Inc. During his tenure, IHS revenue grew to more than $1 billion. Tarr
joined IHS from Dun & Bradstreet (D&B) and previously was
Chairman and CEO of Hoovers, another publicly traded information company.
Tarr also serves as a director at The Corporate Executive Board Company. He
began his career at Bain & Company.
With the largest image library, an extensive space and ground system, and a long history of
driving innovation, DigitalGlobe is transforming the imagery-based information services market,
said Gen. Estes, who led the CEO search. Jeff is the most qualified person to lead DigitalGlobe as
it continues to expand its ability to deliver timely, accurate and essential information to
government and commercial customers around the world.
This is an exciting time to join DigitalGlobe, noted Tarr. With the most capable satellite
constellation, highest quality image library, and talented team of experts, DigitalGlobe plays a
mission-critical role in helping customers in government and industry make high-stakes decisions.
Im looking forward to working with the team to build on past successes and create even more value
for shareholders and customers.
Gen. Estes, who assumes the role of Chairman of the Board effective on April 5, 2011, consults with
aerospace companies around the world. He has served as an independent member of the DigitalGlobe
Board of Directors since 2007. Gen. Estes has also been instrumental in advancing U.S. leadership in the
aerospace industry for several decades, serving in the U.S. Air Force for more than 30 years and
ultimately rising to the position of Commander in Chief of the North American
Aerospace Defense Command and the U.S. Space Command, as well as Commander of the U.S. Air Force
Space Command. He retired from the Air Force in 1998.
For more information on Tarr and Gen.
Estes, please visit www.digitalglobe.com. The Board was assisted in the search by
Howard Fischer Associates, International.
About DigitalGlobe
DigitalGlobe is a leading global provider of commercial
high-resolution earth imagery products and services. Sourced from our own advanced satellite constellation, our imagery
solutions support a wide variety of uses within defense and intelligence, civil agencies, mapping and analysis, environmental
monitoring, oil and gas exploration, infrastructure management, Internet portals and navigation technology. With our
collection sources and comprehensive ImageLibrary (containing more than one billion square kilometers of earth imagery
and imagery products) we offer a range of on- and off-line products and services designed to enable customers to easily
access and integrate our imagery into their business operations and applications.
For more information, visit digitalglobe.com.
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DigitalGlobe is a registered trademark of DigitalGlobe. All other referenced trademarks the
property of their respective owners.
Safe Harbor Statement
Our reports, filings, presentations and public announcements may contain or incorporate
forward-looking statements within the meaning of the Private Securities Litigation Reform Act of
1995, as amended. Forward-looking statements relate to future events or our future financial
performance. We generally identify forward-looking statements by terminology such as may, will,
should, expects, plans, anticipates, could, intends, target, projects,
contemplates, believes, estimates, predicts, potential or continue or the negative of
these terms or other similar words, although not all forward-looking statements contain these
words.
Any forward-looking statements are based upon our historical performance and on our current plans,
estimates and expectations. The inclusion of this forward-looking information should not be
regarded as a representation by us that the future plans, estimates or expectations will be
achieved. Such forward-looking statements are subject to various risks and uncertainties and
assumptions. A number of important factors could cause our actual results or performance to differ
materially from those indicated by such forward looking statements, including: the loss, reduction
or change in terms of any of our primary contracts; the loss or impairment of our satellites;
delays in the construction and launch of WorldView-3; delays in implementation of planned ground
system and infrastructure enhancements; loss or damage to the content contained in our
ImageLibrary; interruption or failure of our ground system and other infrastructure, decrease in
demand for our imagery products and services; increased competition that may reduce our market
share or cause us to lower our prices; our failure to obtain or maintain required regulatory
approvals and licenses; changes in U.S. foreign law or regulation that may limit our ability to
distribute our imagery products and services; the costs associated with being a public company; and
other important factors, all as described more fully in our filings with the Securities and
Exchange Commission, including our Annual Report on Form 10-K.
We undertake no obligation to update any forward-looking statement to reflect events or
circumstances after the date on which the statement is made or to reflect the occurrence of
unanticipated events. Readers are cautioned not to place undue reliance on any of these forward
looking statements.