Jacques Kerrest expected to remain in role throughout search
process for successor
LUXEMBOURG--(BUSINESS WIRE)--Jan. 14, 2019--
Intelsat announced today that its Chief Financial Officer, Jacques
Kerrest, plans to retire. He will continue in his role through the
spring until a successor is appointed to ensure a smooth transition of
duties.
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Intelsat CFO Jacques Kerrest Announces Retirement (Photo: Business Wire)
Since joining Intelsat in February 2016, Mr. Kerrest played an
instrumental role in successfully completing $15.5 billion in debt and
equity transactions, achieving an improved capital structure for the
company.
“On behalf of the company and the management team, I’d like to thank
Jacques for his leadership and many contributions during his tenure,”
said Stephen Spengler, Chief Executive Officer. “Jacques’ expertise in
capital markets and strategic engagement with debt and equity investors
enhanced Intelsat's position as a respected issuer. One result of his
contributions, our improved capital structure, provides us the
flexibility that positions us to execute our business strategies. We
wish Jacques well as he pursues his personal goals during his
well-earned retirement.”
The company is retaining an executive search firm to lead the search for
his replacement.
About Intelsat
Intelsat S.A. (NYSE: I) operates the world’s first Globalized Network,
delivering high-quality, cost-effective video and broadband services
anywhere in the world. Intelsat’s Globalized Network combines the
world’s largest satellite backbone with terrestrial infrastructure,
managed services and an open, interoperable architecture to enable
customers to drive revenue and reach through a new generation of network
services. Thousands of organizations serving billions of people
worldwide rely on Intelsat to provide ubiquitous broadband connectivity,
multi-format video broadcasting, secure satellite communications and
seamless mobility services. The end result is an entirely new world, one
that allows us to envision the impossible, connect without boundaries
and transform the ways in which we live. For more information, visit www.intelsat.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190114005776/en/
Source: Intelsat
Dianne VanBeber
Vice President, Investor Relations
dianne.vanbeber@intelsat.com
+1-703-559-7406