EUTELSAT COMMUNICATIONS (EPA:ETL) Michel de Rosen nominated Chairman and CEO of Eutelsat Communications
Transparency directive : regulatory news
16/09/2013 18:15
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PR/74/13
Michel de Rosen nominated Chairman and CEO of Eutelsat Communications
Paris, 16 September 2013 - At its meeting of 16 September, the Board of
Eutelsat Communications (Euronext Paris: ETL) was informed by its Chairman,
Jean-Martin Folz, that he would not seek to renew his mandate, which expires at
the General Assembly of Shareholders of 7 November 2013, in order to respect
corporate governance recommendations on multiple directorships by the
Afep-Medef. To enable the Board to immediately appoint a successor and to avoid
uncertainty during a period of transition, Jean-Martin Folz has resigned as
Chairman. He will remain a Board member until the General Assembly.
Noting that the recent developments of Eutelsat and the reorganisation of
shareholders no longer justifies the separation of the roles of Chairman and
CEO, the Board decided to merge the two functions, reverting to the practice in
place from 2004 to 2009.
The Board subsequently unanimously decided to appoint Michel de Rosen, who has
been CEO since 2009, as Chairman and CEO.
Michel de Rosen expressed the Board's appreciation of Jean-Martin Folz's
Chairmanship over the last two years and of his extensive international and
industrial experience that has played a key role in the strategic directions
pursued by the Group.
About Eutelsat Communications
With capacity commercialised on 32 satellites delivering reach of Europe, the
Middle East, Africa, Asia, significant parts of the Americas and the
Asia-Pacific, Eutelsat Communications (Euronext Paris: ETL, ISIN code:
FR0010221234) is one of the world's leading satellite operators. As of 30 June
2013, Eutelsat's satellites were broadcasting more than 4,600 television
channels to over 200 million cable and satellite homes in Europe, the Middle
East and Africa. The Group's satellites also provide a wide range of services
for TV contribution, corporate networks and fixed and mobile broadband markets.
Headquartered in Paris, Eutelsat and its subsidiaries employ over 780
commercial, technical and operational professionals from 30 countries.
www.eutelsat.com
For further information
Press
Vanessa O'Connor Tel: + 33 1 53 98 37 91 voconnor@eutelsat.fr
Frédérique Gautier Tel: + 33 1 53 98 37 91 fgautier@eutelsat.fr
Marie-Sophie Ecuer Tel: + 33 1 53 98 37 91 mecuer@eutelsat.fr
Investors and analysts
Leonard Wapler Tel. : +33 1 53 98 31 07/35 30
investors@eutelsat-communications.com
www.eutelsat.com - Follow us on Twitter @Eutelsat SA and Facebook Eutelsat.SA