SES unveils new senior management team | Satellite | News | Rapid TV News
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Further shake-ups have occurred in the satellite industry with the board of directors of SES announcing the appointment of a new president and CEO as well as a new CFO.

ses 14 05 january 2018Karim Michel Sabbagh and Padraig McCarthy will step down with effect from their respective current roles after SES’s next AGM on 5 April 2018 with Steve Collar, currently CEO of SES Networks, taking the corporate reins with Andrew Browne, recently CFO of O3b Networks and CFO of SES between 2010 and 2013, as the new financial head.

The board said that they had accepted the decision of Sabbagh to step down from his role in order to spend time with his family and to pursue new interests. McCarthy informed the board of his intention to retire during 2018 and it has been agreed that he will also step down from his current role at the next AGM on 5 April 2018; he will remain at the disposal of the company thereafter.

In addition to Collar and Browne, the SES executive committee now comprises Ferdinand Kayser (CEO SES Video), Christophe De Hauwer (chief strategy and development officer), Martin Halliwell (chief technology officer), Evie Roos (chief human resources officer) and John Purvis (chief legal officer), all remain in place. A successor to Steve Collar as CEO of SES Networks will be appointed in due course.

Commenting on the moves, SES chairman Romain Bausch said: “Steve and Andrew ... each has extensive experience with SES and the broader satellite industry ... We have confidence that, with our leadership team, our industry position, our solid balance sheet and our differentiated assets and capabilities, we are well positioned to deliver on our objectives. Karim steered the strategic positioning of SES in a fast-changing environment, built world-class capabilities with the leadership team and restructured our business and organisation to allow for full implementation of our strategy. Padraig has made an enormous contribution to the success of SES since he joined in 1995, enabling SES to develop its strong financial profile and balance sheet and grow into its worldwide leading position. I wish Karim all the best for his future endeavours and Padraig for his well-deserved retirement.”

Collar added: “I am excited to lead SES into its next phase of development, building on the achievements of 2017 and the foundations that have been laid. I thank the Board for their trust and support. Our focus will be on strong execution in the short term, continuing to roll out differentiated services to our customers, and staying focused on the long term delivery of our forward-looking strategy.”