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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
(DIGITALGLOBE LOGO)
         
Media Contact   Investor Contact  
Adrienne Lee
  David Banks
Racepoint Group for DigitalGlobe
  DigitalGlobe
202.912.4905
  303.684.4210    
digitalglobe@racepointgroup.com
  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
Tarr brings track record of accelerating profitable growth and creating shareholder value at
several of the world’s 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 company’s 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 world’s 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 Hoover’s, 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. I’m 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

 

 


 

(DIGITALGLOBE LOGO)
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.