REG-Eutelsat Group Eutelsat Announces Changes to the Composition of the Board of Directors

Eutelsat Communications SAAnnouncement

14/02/2025 07:00

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Eutelsat Announces Changes to the Composition of the Board of Directors

 

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.

+++ENDS+++

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).

Find out more at www.eutelsat.com
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.eutelsat.com&esheet=54206524&newsitemid=20250213445979&lan=en-US&anchor=www.eutelsat.com&index=1&md5=8fb00103c4df0add17bbaaa4175a4016)

Disclaimer

The forward-looking statements included herein are for illustrative purposes
only and are based on management’s views and assumptions as of the date of
this document. Such forward-looking statements involve known and unknown
risks. For illustrative purposes only, such risks include but are not limited
to: risks related to the health crisis; operational risks related to satellite
failures or impaired satellite performance, or failure to roll out the
deployment plan as planned and within the expected timeframe; risks related to
the trend in the satellite telecommunications market resulting from increased
competition or technological changes affecting the market; risks related to
the international dimension of the Group's customers and activities; risks
related to the adoption of international rules on frequency coordination and
financial risks related, inter alia, to the financial guarantee granted to the
Intergovernmental Organization's closed pension fund, and foreign exchange
risk. Eutelsat Communications expressly disclaims any obligation or
undertaking to update or revise any projections, forecasts or estimates
contained in this document to reflect any change in events, conditions,
assumptions, or circumstances on which any such statements are based, unless
so required by applicable law. The information contained in this document is
not based on historical fact and should not be construed as a guarantee that
the facts or data mentioned will occur. This information is based on data,
assumptions and estimates that the Group considers as reasonable.

Media enquiries 

Joanna Darlington

Tel. +33 674 521 531

jdarlington@eutelsat.com (mailto:jdarlington@eutelsat.com)

Anita Baltagi

Tel. +33 643 930 178

abaltagi@eutelsat.com (mailto:abaltagi@eutelsat.com)

Katie Dowd

Tel. +1 202 271 2209

kdowd@oneweb.net (mailto:kdowd@oneweb.net)

Investors 

Joanna Darlington

Tel. +33 674 521 531

jdarlington@eutelsat.com (mailto:jdarlington@eutelsat.com)

Hugo Laurens-Berge

Tel. +33 670 80 95 58

hlaurensberge@eutelsat.com (mailto:hlaurensberge@eutelsat.com)



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