Eutelsat Communications' Annual General Meeting of Shareholders of November
10, 2009
PARIS, November 12 /PRNewswire-FirstCall/ --
- Fiscal 2008-2009 Consolidated Accounts Approved
- Distribution of 0.66 euro per Share
- Appointment of Michel de Rosen to the Board of Directors
Board of Directors Meeting Following General Assembly
- Appointment of Michel de Rosen as Chief Executive Officer of Eutelsat
Communications
The 2009 Annual General Meeting of Shareholders of Eutelsat
Communications, (Euronext Paris: ETL), one of the world's leading satellite
operators, was held on November 10 in Paris under the chairmanship of
Giuliano Berretta, Chairman of the Board. The consolidated accounts for
fiscal 2008-2009 were approved and the proposal to distribute 0.66 euro per
share, an increase of 10% in relation to the previous year. This
distribution, which represents a pay-out ratio of almost 59%, will be paid on
November 19, 2009.
Shareholders also approved the nomination of Michel de Rosen to the Board
of Directors for a duration of six years, ending at the Ordinary General
meeting to approve the financial statements of the financial year ending June
30, 2015.
Following the General Assembly, the Board of Directors unanimously
approved the appointment of Michel de Rosen as Group Chief Executive Officer
for a duration of six years. In this post he succeeds Giuliano Berretta,
whose term of office as CEO expired at the end of the General Meeting of
Shareholders and whose mandate as Chairman of the Board continues. As non
executive Chairman, Giuliano Berretta will no longer be involved in the
day-to-day management of the group. From Group offices located in Rome where
he will reside, he will work in coordination with the CEO on further
consolidating Eutelsat's presence beyond France and in particular on
promoting Eutelsat's business in Italy.
Giuliano Berretta declared: "The General Assembly and the meeting of the
Board that followed have approved the appointment of Michel de Rosen as a new
Board member and the CEO of our Group. These appointments are the result of a
transition which has been smoothly executed since Michel's arrival at
Eutelsat in July. Bringing new energy to a business model that has already
demonstrated its strength, Michel has the full confidence of the Board that I
continue to chair. I am convinced that his commitment at the head of the team
that he now manages will enable Eutelsat to pursue its trajectory of growth,
driven by excellence, innovation and renewed ambition".
About Eutelsat Communications
Eutelsat Communications (Euronext Paris: ETL, ISIN code: FR0010221234) is
the holding company of Eutelsat S.A.. With capacity commercialised on 27
satellites that provide coverage over the entire European continent, as well
as the Middle East, Africa, India and significant parts of Asia and the
Americas, Eutelsat is one of the world's three leading satellite operators in
terms of revenues. At 30 September 2009, Eutelsat's satellites were
broadcasting 3,300 television channels and 1,100 radio stations. More than
1,000 channels broadcast via its HOT BIRD(TM) video neighbourhood at 13
degrees East which serves over 123 million cable and satellite homes in
Europe, the Middle East and North Africa. The Group's satellites also serve a
wide range of fixed and mobile telecommunications services, TV contribution
markets, corporate networks, and broadband markets for Internet Service
Providers and for transport, maritime and in-flight markets. Eutelsat's
broadband subsidiary, Skylogic, markets and operates services through
teleports in France and Italy that serve enterprises, local communities,
government agencies and aid organisations in Europe, Africa, Asia and the
Americas. Headquartered in Paris, Eutelsat and its subsidiaries employ 615
commercial, technical and operational employees from 28 countries.
http://www.eutelsat.com
For further information
Press
Vanessa O'Connor
Tel. : +33-1-5398-38-88
voconnor@eutelsat.fr
Frederique Gautier
Tel. : +33-1-5398-38-88
fgautier@eutelsat.fr
Investors
Gilles Janvier
Tel. : +33-1-5398-35-30
investors@eutelsat-communications.com
SOURCE Eutelsat Communications
For further information - Press: Vanessa O'Connor, Tel. : +33-1-5398-38-88 ,
voconnor@eutelsat.fr; Frederique Gautier , Tel. : +33-1-5398-38-88,
fgautier@eutelsat.fr; Investors, Gilles Janvier, Tel. : +33-1-5398-35-30,
investors@eutelsat-communications.com
