Eutelsat Communications SA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
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Eutelsat Communications SA Appoints Mr. Michel de Rosen as Chairman and Chief Executive Officer
Eutelsat Communications SA announced that it has appointed Mr. Michel de Rosen as Chairman and Chief Executive Officer (CEO). At its meeting of September 16, 2013 the Board of Eutelsat Communications SA was informed by its Chairman, Mr. Jean-Martin Folz, that he would not seek to renew his mandate, which expires at the General Assembly of Shareholders of November 7, 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, Mr. Jean-Martin Folz has resigned as Chairman. He will remain a Board member until the General Assembly. Noting that the recent developments of Eutelsat Communications SA and the reorganization 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 Mr. Michel de Rosen, who has been CEO since 2009, as Chairman and CEO.
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