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Loral Space & Communications (LORL) names Avi Katz to the role of president of the company,...

Loral Space & Communications (LORL) names Avi Katz to the role of president of the company, replacing Michael Targoff. Mr. Katz was formerly the company's senior VP, general counsel and corporate secretary. The appointment comes as a result of previously announced restructuring following last month's sale of the company's manufacturing division. Katz will also continue in his role as general counsel and secretary.
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