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LUXEMBOURG - Saturday, February 23rd
2013 [ME NewsWire]
(BUSINESS
WIRE/ME NewsWire)-- SES (NYSE
Paris:SESG) (LuxX:SESG) announced today that Padraig Mc Carthy has been
appointed by the Board of Directors as Chief Financial Officer (CFO) and member
of the company’s Executive Committee.
Andrew Browne, SES’ current CFO, has
decided to relocate back to The Hague. He will leave his position in the
company to become the Chief Financial Officer of O3b Networks, a venture that
is deploying a next generation satellite network that combines the reach of
satellites with the speed of fiber. With a 47 per cent shareholding, SES is a
strategic investor in O3b Networks.
Padraig Mc Carthy’s appointment
becomes effective after April 4, 2013, the day when the Annual General Meeting
of Shareholders is asked to approve the company’s 2012 financial results.
Padraig Mc Carthy joined SES in 1995
from Norton S.A. (Group St. Gobain) where he was Financial Director Europe. His
previous professional experiences also include positions with KPMG Chartered
Accountants, Ireland. After having served as SES’s Controller, Padraig took the
position of CFO of SES ASTRA, then the European subsidiary of global satellite
operator SES (2002-2011). Since the integration of SES ASTRA and SES World
Skies into SES, Padraig has been Senior Vice President Financial Operations
& Business Support at SES, reporting directly to the CFO. Padraig holds a
Bachelor of commerce degree from the University of Cork, is a fellow of the
Irish Institute of Chartered Accountants and followed advanced management
executive programmes at Babson Business School and INSEAD.
"I have worked with Padraig over his
18 years with SES and I have seen him developing along the major steps of SES’
growth. Padraig is a skilled satellite finance executive whose business acumen
has been beneficial to the company. I welcome Padraig to the Executive
Committee and look forward to continue working with him to further grow our
business in the interest of our customers as well as our shareholders” stated
Romain Bausch, President and CEO of SES.
Padraig Mc Carthy, appointed CFO of
SES, said: "It is an honour to assume the role of CFO of SES. I look forward to
working with all my colleagues in SES and our external business partners in
order to continue to create shareholder value and to deliver on the results
that our stakeholders and the financial community can expect from a world-class
satellite operator like SES.”
Commenting on Andrew Browne’s tenure
at SES, Romain Bausch said: "I would like to thank Andrew for his significant
contribution to SES over the last years. During his tenure, Andrew was
instrumental to the creation of an integrated Finance Group when SES ASTRA and
SES World Skies were folded into SES and contributed to the creation of
shareholder value. We wish Andrew all the best in his new function and are
convinced that Andrew joining O3b will help making this company a true game
changer in the satellite and telecoms industry.”
Andrew Browne said: "It has been a
most rewarding period of time working as CFO of SES on both a professional and
personal level. During this time much has been accomplished by SES and I am
very happy and proud of having been part of this and leave with SES in a very
strong position going forward.”
Follow us on:
Twitter: https://twitter.com/SES_Satellites
Facebook: https://www.facebook.com/SES.YourSatelliteCompany
YouTube: http://www.youtube.com/SESVideoChannel
Blog: http://en.ses.com/4243715/blog
Find pictures and videos under: http://www.ses.com/4245221/library
About SES
SES is a world-leading satellite
operator with a fleet of 52 geostationary satellites. The company provides
satellite communications services to broadcasters, content and internet service
providers, mobile and fixed network operators and business and governmental
organisations worldwide.
SES stands for long-lasting business
relationships, high-quality service and excellence in the broadcasting
industry. The culturally diverse regional teams of SES are located around the
globe and work closely with customers to meet their specific satellite
bandwidth and service requirements.
SES (NYSE Euronext Paris and
Luxembourg Stock Exchange: SESG) holds participations in Ciel in Canada and
QuetzSat in Mexico, as well as a strategic participation in satellite infrastructure
start-up O3b Networks. Further information under: www.ses.com.
Contacts
For further information please
contact:
SES
Yves Feltes, +352 710 725 311
Media Relations
Yves.Feltes@ses.com
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