Transition Period Planned through Mid-December, 2015
LUXEMBOURG--(BUSINESS WIRE)--Oct. 19, 2015--
Intelsat S.A. (NYSE:I), the world’s leading provider of satellite
services, today announced that it has accepted the resignation of its
Chief Financial Officer, Michael McDonnell, to be effective mid-December
2015. Mr. McDonnell is leaving to accept the position of CFO at another
public company. An external search for a successor CFO has commenced.
Intelsat CEO Stephen Spengler stated, “Mike successfully led a number of
strategic initiatives during his tenure at Intelsat, including our
Initial Public Offering in April 2013 and the major reorganization of
our capital structure in 2011. We thank him for his contributions to
Intelsat over the past seven years, and we wish him the best in his
future endeavors.”
As was previously announced, the company will report its financial
results for the three months ended September 30, 2015 on October 29,
2015.
About Intelsat
Intelsat S.A. (NYSE: I) is the world’s leading provider of satellite
services, delivering high performance connectivity solutions for media,
fixed and mobile broadband infrastructure, enterprise and government and
military applications. Intelsat’s satellite, teleport and fiber
infrastructure is unmatched in the industry, setting the standard for
transmissions of video and broadband services. From the globalization of
content and the proliferation of HD, to the expansion of cellular
networks and mobile broadband access, with Intelsat, envision your
future network, connect using our leading satellite technology and
transform your opportunities. Envision...Connect...Transform...with
Intelsat. For more information, visit www.intelsat.com.
Intelsat Safe Harbor Statement:
Statements in this news release and certain oral statements from time to
time by representatives of the company constitute "forward-looking
statements" that do not directly or exclusively relate to historical
facts. When used in this earnings release, the words “may,” “will,”
“might,” “should,” “expect,” “plan,” “anticipate,” “project,” “believe,”
“estimate,” “predict,” “intend,” “potential,” “outlook,” and “continue,”
and the negative of these terms, and other similar expressions are
intended to identify forward-looking statements and information.
The forward-looking statements reflect Intelsat's intentions, plans,
expectations, assumptions and beliefs about future events and are
subject to risks, uncertainties and other factors, many of which are
outside of Intelsat's control. Important factors that could cause actual
results to differ materially from the expectations expressed or implied
in the forward-looking statements include known and unknown risks. Known
risks include, among others, the risks described in Intelsat’s annual
report on Form 20-F for the year ended December 31, 2014, and its other
filings with the U.S. Securities and Exchange Commission, the political,
economic and legal conditions in the markets we are targeting for
communications services or in which we operate and other risks and
uncertainties inherent in the telecommunications business in general and
the satellite communications business in particular.
Because actual results could differ materially from Intelsat's
intentions, plans, expectations, assumptions and beliefs about the
future, you are urged to view all forward-looking statements with
caution. Intelsat does not undertake any obligation to update or revise
any forward-looking statements, whether as a result of new information,
future events or otherwise.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151019006259/en/
Source: Intelsat
Intelsat
Michele Loguidice
Director, Investor Relations
& Corporate Communications
703-559-7372
Michele.loguidice@intelsat.com