Rodolphe Belmer to Succeed Michel de Rosen as CEO of Eutelsat
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| Rodolphe Balmer |
Paris, France, October 19, 2015 – Eutelsat Communications (NYSE Euronext Paris: ETL) announces that Michel de Rosen has informed the Board of Directors that he will step down from his position as Chief Executive Officer in March 2016. He will remain in the role of non-executive Chairman of the Board of Directors of Eutelsat until the end of his current mandate in November 2016, at which point his mandate will be submitted to the Annual Shareholders’ Meeting for renewal. Eutelsat’s Board of Directors has elected Rodolphe Belmer as the successor to Michel de Rosen in the role of CEO, effective from 1 March 2016.
In order to create the conditions for a smooth transition process he will join Eutelsat on 1 December 2015 as Deputy CEO, alongside Michel Azibert, Deputy CEO and Chief Commercial and Development Officer. He will be proposed as a member of Eutelsat’s Board at the Annual Shareholders’ Meeting of November 2016.
Lord Birt, Vice-Chairman of the Board of Eutelsat Communications, said: “Michel’s decision to step aside from his executive duties at Eutelsat ends a six-year tenure during which his vision and leadership have transformed Eutelsat into a truly global player and confirmed its place among the world’s leading satellite operators. We are delighted that he will remain as Chairman of the Board.” Lord Birt added: “The Board of Directors is very pleased that Rodolphe Belmer will lead Eutelsat. With his extensive experience in broadcasting, his understanding of the trends shaping digital markets and his leadership, we are confident he has the skills to take Eutelsat forward in the evolving satellite communications landscape.”
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