Board of Directors

Michael B. Targoff is vice chairman of the Board of Directors of Loral. He also serves as a consultant to the company and is a member of the Board of Directors of Telesat.

Mr. Targoff was named chief executive officer of Loral in 2006 and became president in January 2008 and served in those capacities until December 2012. He originally joined Loral in 1981 and served as senior vice president and general counsel until January 1996, when he was elected president and chief operating officer of the newly formed Loral Space & Communications Ltd. He founded Michael B. Targoff & Co. in 1998 and served as principal until February 2006. The firm invested in telecommunications and related industry early stage companies.

Prior to joining Loral in 1981, Mr. Targoff was a partner in the New York City law firm, Willkie Farr & Gallagher.

Mr. Targoff attended Brown University, where he received a Bachelor of Arts degree in 1966 and he earned a doctor of jurisprudence degree from the Columbia University School of Law in 1969. He was a Harlan Fiske Stone Scholar and editor of the Columbia Journal of Law & Social Problems.

Arthur L. Simon is retired. Prior to his retirement, Mr. Simon was a partner at Coopers & Lybrand L.L.P. He currently serves on the board of directors of L-3 Communications Corporation.

Janet T. Yeung is principal and general counsel of MHR Fund Management LLC, an investment manager of various private investment funds that invest in inefficient market sectors, including special situation equities and distressed investments. Prior to joining MHR, Ms. Yeung was vice president and deputy general counsel of Loral.