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LONDON, February 14, 2025--(BUSINESS WIRE)--
Eutelsat Group (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL) announces changes to the composition of its Board of Directors, aimed at fostering greater agility in decision-making in the fast-evolving Satellite industry. Accordingly, four sitting directors, Mia Brunell, Esther Gaide, Cynthia Gordon and Fleur Pellerin have resigned from the Board.
The entire Eutelsat Group Board warmly thanks Mia Brunell, Esther Gaide, Cynthia Gordon and Fleur Pellerin for their outstanding contribution to the Board duties and for their continuing support of the Group’s strategy.
Additionally, Michel Combes has been appointed by the Board, on the recommendation of the Nomination and Governance Committee, as an independent Board Member until the next Annual General Meeting, where he will be proposed for a full term.
Michel Combes is Chairman and CEO of MC Advisory. A telecommunications expert, he previously served as CFO of France Télécom (2002-06), and headed TDF (2006-08), Vodafone Group for Europe (2008-13), Alcatel-Lucent (2013-15) and Numericable-SFR (2015-17). In 2018, Michel Combes became CFO of US operator, Sprint, where he subsequently became CEO. In 2020, he joined Softbank Group International, which he led until 2022.
Following these changes, Eutelsat’s Board of Directors will be composed of 12 members, of which seven Independent Directors. It will include five women, equating to a representation of 42%.
Elsewhere, Dominique D’Hinnin has informed the Board of Directors of his wish to retire from the Chairmanship and Board of Eutelsat Group. The Nomination and Governance Committee has taken note of Dominique’s intention and will undertake due process prior to recommending a new Chairman to the Board of Directors.
As Eutelsat enters the next and exciting phase of satellite communications, this new, re-energized board will guide and support the management team in driving future performance.
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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE EU MARKET ABUSE REGULATION 596/2014 AND THE UK MARKET ABUSE REGULATION
About Eutelsat Group
Eutelsat Group is a global leader in satellite communications, delivering connectivity and broadcast services worldwide. The Group was formed through the combination of the Company and OneWeb in 2023, becoming the first fully integrated GEO-LEO satellite operator with a fleet of 35 Geostationary satellites and a Low Earth a (LEO) constellation of more than 600 satellites. The Group addresses the needs of customers in four key verticals of Video, where it distributes more than 6,500 television channels, and the high-growth connectivity markets of Mobile Connectivity, Fixed Connectivity, and Government Services. Eutelsat Group’s unique suite of in-orbit assets enables it to deliver integrated solutions to meet the needs of global customers. The Company is headquartered in Paris and the Eutelsat Group employs more than 1,500 people across more than 50 countries. The Group is committed to delivering safe, resilient, and environmentally sustainable connectivity to help bridge the digital divide. The Company is listed on the Euronext Paris Stock Exchange (ticker: ETL) and the London Stock Exchange (ticker: ETL).