GeoEye Strengthens Financial Team

15 October 2009, 2:38pm

DULLES, Va., Oct. 15 - GeoEye, Inc. (NASDAQ: GEOY), a premier provider of satellite and aerial-based geospatial information and services, announced today the appointments of four new members of its financial team.

Ramsey W. Price, CPA, was named vice president, Financial Systems and Sarbanes-Oxley Compliance. Mr. Price will be responsible for overseeing GeoEye's Sarbanes-Oxley compliance and enhancing the company's current financial reporting systems. Prior to joining GeoEye, Mr. Price served for more than ten years with OPNET Technologies Inc., a public software development and consulting services business. While at OPNET, he held various positions, including corporate controller and associate vice president. As OPNET's director of internal audit, Mr. Price was responsible for its Sarbanes-Oxley compliance program.

James M. Craig, CPA, was named vice president, Special Projects & Treasury Operations. Mr. Craig's responsibilities will include federal contract bidding, risk management and day-to-day treasury operations. Mr. Craig's 28-year career includes 10 years serving as the chief executive officer or chief financial officer of several private and publicly held companies in the technology, e-commerce and telecommunications segments.

GeoEye also announced that Charmaine O. Pavelko, CPA, was named director of Tax. Ms. Pavelko has over seven years of tax experience at a Big Four accounting firm and ten years of experience in financial accounting and reporting in various industries. Ms. Pavelko joins GeoEye from Price Waterhouse Coopers LLP, where she recently served as a tax manager of the Financial Services Group, Investment Management and Real Estate sector. Prior to joining Price Waterhouse, she was project manager of Financial Systems Integration at MCI.

Michael E. Harbour, CPA, was named assistant controller. Mr. Harbour will be responsible for implementing and maintaining the company's financial accounting systems. Mr. Harbour comes to GeoEye from Nextel International in Reston, Va., where he served as senior manager of consolidated financial reporting and corporate accounting.

"I am pleased to welcome these highly capable and experienced professionals to GeoEye's financial team," said Joseph F. Greeves, GeoEye's executive vice president and chief financial officer. "One of our primary goals is to make sure our financial stakeholders receive timely, accurate and useful financial information. Our team is working hard to strengthen our financial organization to meet GeoEye's current and future financial needs and better serve our investors."

GeoEye, Inc.

Geo: International