GAPSAT Appoints Mark Rigolle as CFO

Hong Kong, April 14, 2014--GapSat announced the appointment of Mark Rigolle, as Chief Financial Officer.  Rigolle is  a seasoned industry veteran, having previously held the senior roles of CEO of O3b and CFO at SES.

Mark Rigolle has over 20 years of experience in the telecom and satellite sector.  He was CEO of O3b Networks, successfully raising USD 1.2 Billion  to launch this innovative new satellite operator with their plans to own and operate a constellation of satellites that will provide affordable trunking and mobile backhaul capacity in developing countries.  

Between 2004 and 2009, Rigolle was Chief Financial Officer and member of the Executive Committee of SES, one of the leading satellite operators in the world.  Most recently he has honed his entrepreneurial skills by advising promising start-ups, helping to bring their projects to a sufficient level of maturity to allow them to raise capital. He has also brought together various satellite operators to facilitate the sharing of spectrum resources in win-win transactions that create growth potential for all the participating companies. 

GapSat CEO Gregg Daffner commented “We’re an entrepreneurial team of satellite professionals so Mark is the perfect fit. He brings skills and depth of financial experience as we move forward with successive capital raisings for our satellite acquisition programmes.  His arrival signals to the market our intention to be a major player”.

GapSat is a satellite operator that provides commercial geostationary communications satellites to satellite operators to fulfill their customers’ needs for interim satellite services at their own orbital slots.