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Eutelsat Chief Executive Officer Rodolphe Belmer to step down
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Eutelsat Communications CEO Rodolphe Belmer has announced his intention to resign at the beginning of 2022 after successfully leading the company since March 2016. During his tenure, he focused on operational and financial discipline, steering Eutelsat towards opportunities in the connectivity sector. The board will begin the search for his successor immediately, while Belmer will remain in his role to support ongoing development. Chairman Dominique D’Hinnin praised Belmer’s contributions, emphasizing the company's solid strategic foundation.
Positive
Rodolphe Belmer successfully implemented operational and financial strategies since March 2016.
Eutelsat is positioned for growth in the connectivity sector.
Negative
CEO transition may lead to temporary uncertainty in leadership.
PARIS--(BUSINESS WIRE)--
Regulatory News:
Eutelsat Communications (Paris:ETL) (Euronext Paris: ETL) Chief Executive Officer Rodolphe Belmer has notified the board of directors of his intention to step down at the beginning of 2022.
Rodolphe Belmer has been CEO of Eutelsat since March 2016, during which time he has successfully implemented a strategy of strict operating and financial discipline and set the company firmly on its strategic path to address the opportunities of the connectivity sector.
The process of recruiting a successor will begin immediately. In the meantime, Rodolphe will remain fully at the helm and focused on the development and performance of Eutelsat.
Dominique D’Hinnin, Chairman of the Board of Eutelsat: “Rodolphe has made a fantastic contribution to the development of Eutelsat during his more than five years at its helm, putting the company on the strong financial and strategic footing on which it finds itself today. It has been my great personal pleasure to work alongside Rodolphe, and I thank him warmly for his contribution to Eutelsat on behalf of the entire Board. We are fully focused on finding a successor to Rodolphe who will continue to lead the company on this strategic path.”
Rodolphe Belmer commented: “It has been my great pleasure to lead this fantastic company for the last six years and to executing its telecom pivot. It has been an exciting time both professionally and also personally. The women and men of this company have shared with me their passion for space, their attachment to the European industry and their full commitment to the great, collective project that is Eutelsat.”
About Eutelsat Communications
Founded in 1977, Eutelsat Communications is one of the world's leading satellite operators. With a global fleet of satellites and associated ground infrastructure, Eutelsat enables clients across Video, Data, Government, Fixed and Mobile Broadband markets to communicate effectively to their customers, irrespective of their location. Around 7,000 television channels operated by leading media groups are broadcast by Eutelsat to one billion viewers equipped for DTH reception or connected to terrestrial networks. Headquartered in Paris, with offices and teleports around the globe, Eutelsat assembles 1,200 men and women from 50 countries who are dedicated to delivering the highest quality of service.
