SES Announces Appointment of Steve Collar as New President & CEO and Andrew Browne as New CFO
The Board of Directors of SES announces today its decision to appoint a new President & CEO and a new CFO of SES with effect from 5 April 2018.
This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180211005085/en/
SES HQ, Luxembourg (Photo: Business Wire)
Steve Collar, who is currently CEO of SES Networks, has been appointed as the next President & CEO of SES, becoming CEO Designate with immediate effect. Andrew Browne, who was until recently CFO of O3b Networks and CFO of SES between 2010 and 2013, has been appointed as the next CFO of SES, becoming CFO Designate with immediate effect. Over the coming weeks, they will work closely with Karim Michel Sabbagh, the current President & CEO, and Padraig McCarthy, the current CFO, in order to ensure a smooth handover.
The Board accepted the decision of Karim Michel Sabbagh to step down from his role of President & CEO, with effect from the next Annual General Meeting (AGM) of SES on 5 April 2018, in order to spend time with his family and to pursue new interests. Furthermore, Padraig McCarthy, CFO of SES, has informed the Board of his intention to retire during 2018 and it has been agreed that he will also step down from his current role at the next AGM on 5 April 2018; he will remain at the disposal of the company thereafter.
The other members of the Executive Committee, being Ferdinand Kayser (CEO SES Video), Christophe De Hauwer (Chief Strategy and Development Officer), Martin Halliwell (Chief Technology Officer), Evie Roos (Chief Human Resources Officer) and John Purvis (Chief Legal Officer), all remain in place. A successor to Steve Collar as CEO of SES Networks will be appointed in due course.
SES Chairman Romain Bausch said, “We are extremely excited to welcome Steve and Andrew as our next CEO and CFO. They each have extensive experience with SES and the broader satellite industry, especially also as the architects of O3b, the fastest growing and most successful satellite start-up. We have confidence that, with our leadership team, our industry position, our solid balance sheet and our differentiated assets and capabilities, we are well positioned to deliver on our objectives. Karim steered the strategic positioning of SES in a fast-changing environment, built world-class capabilities with the leadership team and restructured our business and organisation to allow for full implementation of our strategy. Padraig has made an enormous contribution to the success of SES since he joined in 1995, enabling SES to develop its strong financial profile and balance sheet and grow into its worldwide leading position. I wish Karim all the best for his future endeavors and Padraig for his well-deserved retirement.”
Steve Collar, CEO Designate of SES, said, “I am excited to lead SES into its next phase of development, building on the achievements of 2017 and the foundations that have been laid. I thank the Board for their trust and support. Our focus will be on strong execution in the short term, continuing to roll out differentiated services to our customers, and staying focused on the long term delivery of our forward-looking strategy.”
Follow us on:
SES is the world-leading satellite operator and the first to deliver a differentiated and scalable GEO-MEO offering worldwide, with more than 50 satellites in Geostationary Earth Orbit (GEO) and 12 in Medium Earth Orbit (MEO). SES focuses on value-added, end-to-end solutions in two key business units: SES Video and SES Networks. The company provides satellite communications services to broadcasters, content and internet service providers, mobile and fixed network operators, governments and institutions. SES’s portfolio includes ASTRA, O3b and MX1, a leading media service provider that offers a full suite of innovative digital video and media services. SES is listed on the Euronext Paris and Luxembourg Stock Exchange (ticker: SESG). Further information available at: www.ses.com
Notes to editors:
Steve Collar is a satellite industry entrepreneur and pioneer and has been associated with SES since 2006, having recently been the CEO of SES Networks bringing together all SES’s data related business into one focused business unit. Previously, as CEO of O3b Networks from 2011 through to its acquisition by SES, Steve has guided the company from start up to the successful build and launch of its constellation of state-of-the-art satellites. In 2015, O3b Networks became the fastest growing satellite operator in history and the only successful non-geostationary satellite operator and broadband satellite network provider. Steve has previously worked in a variety of commercial, business development and technical roles at SES World Skies, New Skies Satellites, Astrium and Airbus.
Andrew Browne is one of the most experienced CFO in the satellite and space industry and has extensive operating experience within the microchip, media and the broad technology industry. Andrew was the CFO of Intelsat from 1995 to 1998 where he drove the foundations for privatization including the formation of the spin-off New Skies Satellites. He then served as CFO of New Skies from 1998 to 2008 overseeing IPO's on the NYSE and Euronext before private sales to the Blackstone Group and ultimately to SES. He joined SES as CFO in 2010 overseeing €3.5bn in financing transactions and completion of the group's inaugural US bond market offering. Most recently, Andrew was CFO at O3B Networks where he led successful restructuring of the complex debt financing and contributed to the O3b becoming the fastest-growing satellite business in history. Andrew also served as Chairman of TomTom.
Karim Michel Sabbagh has been associated with SES since April 2011 when he was elected to the Board of Directors and also served on the Audit and Risk Committee. In September 2013, and after resigning from the Board, he joined the Executive Committee as CEO Designate and took over as President and CEO in April 2014.
Padraig McCarthy has been with SES since 1995, having joined from Norton S.A. where he held the position of European Finance Director. He served in a number of senior financial management roles within SES, including the position of CFO of SES ASTRA from 2002 to 2011. He has been CFO of SES since 2013.
For further information please contact:
Markus Payer, +352 710 725 500
Corporate Communications & PR
Om Business Wire
(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Følg saker fra Business Wire
Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.
Siste saker fra Business Wire
Andersen Tax & Legal Launches in Egypt20.2.2018 14:30 | Pressemelding
The Andersen name launches in Egypt this week as Maher Milad Iskander and Co., an Egyptian tax and legal firm based in Cairo, formally adopts the name Andersen Tax & Legal. Maher Milad Iskander and Co. became a collaborating firm of Andersen Global in July of 2017 and is one of three that have become member firms and adopted the Andersen name thus far in 2018. Maher Milad Iskander, Managing Partner of Andersen Tax & Legal in Egypt, said, “Andersen Global’s strategy of focusing on outstanding tax and legal services will provide us with many advantages and will allow us to even better serve our cross-border clientele. We are looking forward to our continued work with the Andersen team and to seamlessly providing innovative and client-focused solutions on a global level through our colleagues around the world.” “Egypt is considered to be one of the highest growing markets in the world and our adoption of the Andersen name in Egypt has come at the perfect time,” added Global Chairman and A
Proposals of the Supervisory Board to Be Submitted to the Annual General Shareholders' Meeting of Sartorius AG20.2.2018 14:00 | Pressemelding
At today’s meeting, the Supervisory Board of Sartorius AG, approved the Executive Board’s recommendation to submit a proposal to the Annual General Shareholders’ Meeting on April 5, 2018, to raise dividends to 0.51 euros per preference share and 0.50 euros per ordinary share. Prior-year dividends were 0.46 euros and 0.45 euros per preference share and per ordinary share, respectively. Therefore, the total amount disbursed under this proposal would increase by 11.0% to 34.5 million euros from 31.1 million euros a year earlier. In addition, the Supervisory Board will submit a proposal to the Annual General Shareholders’ Meeting to elect Dr. Guido Oelkers to the Supervisory Board as a representative of the shareholders. Guido Oelkers has already been a member of this board since November 2017. He was appointed by court order after Supervisory Board member Professor Arnold Picot, Ph.D., had passed away. Guido Oelkers, who was born in 1965 and holds a university degree in business administr
First Dedicated Esports Apparel Brand H4X.gg Unveils Its Debut Line of Performance Gear and Streetwear, Partners with ESL and DreamHack20.2.2018 14:00 | Pressemelding
Esports apparel and gear company Moniker, Inc. ("Moniker") has introduced the first esports lifestyle brand H4X.gg (pronounced “hacks”) with high quality performance wear and casual streetwear for esports athletes and fans. H4X.gg has partnered with ESL, the world’s largest esports company, and DreamHack, the world’s largest digital festival, to become the official apparel supplier of ESL One, Intel® Extreme Masters, DreamHack Open, DreamHack Masters and DreamLeague 2018, kicking off with ESL One in Katowice, Poland on February 24-25. "We are very happy to partner with the first dedicated esports apparel brand designed specifically for fans and players,” said Bernhard Mogk, SVP Global Sales & Business Development at ESL. “We’re incredibly excited to debut the line of performance gear at ESL One Katowice this month and roll out the entire line at future ESL events throughout 2018.” The H4X.gg line was developed by passionate gamers and esports industry veterans at BITKRAFT Esports Ventu
ETECSA Enhances Connectivity to the Rest of the World with SES Networks20.2.2018 14:00 | Pressemelding
Cubans and visitors to Cuba will have additional access to reliable and uninterrupted connectivity throughout the main island of Cuba as ETECSA, Cuba’s national telecommunications operator, signed a deal with SES Networks for satellite services, SES announced today. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180220005894/en/ ETECSA Enhances Connectivity to the Rest of the World with SES Networks (Photo: Business Wire) SES Networks will augment ETECSA’s existing terrestrial infrastructure with its high-performance fibre-like medium earth orbit (MEO) capacity and improve connectivity for end-customers of the Cuban operator. “By working with SES Networks, we are ensuring that our customers across the main island will have a new way to access high-performing Internet at all times through this innovative satellite system. Our collaboration with SES Networks highlights ETECSA’s mission of providing telecommunications services t
New PubMatic Research Shows Private Marketplaces Drive Global Mobile Advertising Growth20.2.2018 14:00 | Pressemelding
PubMatic, the publisher-focused sell-side platform (SSP) for an open digital media future, today announced findings from its Q4 2017 Quarterly Mobile Index (QMI). The report, which identifies trends in mobile advertising, found that mobile private marketplaces (PMPs) monetized impression volume increased by 37 percent year-over-year (YOY) in Q4 2017, adding to a long growth streak for mobile PMPs now spanning eight consecutive quarters. The upswing for mobile PMPs is attributed to major marketers continuing to increase spend through programmatic channels. PMPs offer robust options for advertisers to gain access to premium inventory coupled with safeguards for ad fraud and brand risk, amid growing concerns about quality, viewability and transparency. For publishers, PMPs provide more control over their inventory and partnership with buyers. As a result, mobile PMP eCPMs globally in 2017 were priced at a 155 percent premium, compared to those paid for the average mobile open exchange imp
NMI Agrees to Acquire Creditcall to Expand EMV and Omnichannel Capabilities20.2.2018 13:04 | Pressemelding
NMI, a leading provider of payments enablement technology for independent sales organizations (ISOs), independent software vendors (ISVs), value-added resellers (VARs) and payment facilitators, today announced it has signed a definitive agreement to acquire Creditcall, an omnichannel payment gateway and EMV solutions provider. With offices in Bristol, England, and New York, and customers throughout many regions of the world, Creditcall will give NMI a global presence and access to new markets. This acquisition will continue to differentiate NMI from traditional payment gateway providers by further expanding its omnichannel and EMV capabilities, creating a one-of-a-kind payment gateway platform supporting all channels of commerce including retail, e-commerce, mobile and unattended. “The payment technology requirements of today’s merchants are more complex than ever—they need to accept and process payments in all sales channels and environments,” said Roy Banks, chief executive officer o