GeoEye Names Randall J. Scherago Vice President

30 July 2009, 9:15am

DULLES, Va., July 30 - GeoEye, Inc. (NASDAQ: GEOY), a premier provider of satellite, aerial and geospatial information, today announced the appointment of Randall J. Scherago as Vice President of Investor Relations. Mr. Scherago, with his extensive background in public equities research and investment management, will be responsible for developing and executing a comprehensive investor relations program and increasing communication with the investor community.

Joe Greeves, GeoEye's Executive Vice President and Chief Financial Officer, said, "Randy brings a wealth of public equity and investment industry experience to our management team, and he should be very helpful in proactively communicating GeoEye's values and goals to our long-term investors in a timely and consistent fashion."

"My number one priority is to ensure our investor relations programs are of the highest quality," said Scherago. "GeoEye is a leader in the geospatial industry, and I am excited to step into this position at a time when location-based information services are moving into mainstream markets."

Mr. Scherago has a strong background in finance and investments with more than 23 years of experience in the finance, venture, and public equity markets. He has significant experience interacting with senior institutional equity portfolio managers at pension funds, foundations, hedge funds, and mutual funds. Prior to joining GeoEye, he served as an investment manager with Ironbound Capital Management where he was responsible for evaluating and recommending mid- and large-capitalization companies for inclusion in a $1 billion global value hedge fund. Mr. Scherago was a senior research analyst at Furman Selz, Inc., Robertson Stephens, Dean Witter, Prudential Securities Inc., First Albany Capital and a portfolio manager at the Paribas U.S. Growth Fund.

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