Pier Francesco Guarguaglini, Chairman and CEO of Finmeccanica Joins the Board of Directors of Eutelsat Communications
Pier Francesco Guarguaglini, Chairman and CEO of Finmeccanica Joins the Board of Directors of Eutelsat Communications
PARIS, July 26/PRNewswire-FirstCall/ -- Eutelsat Communications (Euronext Paris: ETL) announces that Pier Francesco Guarguaglini has been coopted to its Board of Directors. Mr Guarguaglini is Chairman and CEO of Finmeccanica, the main Italian industrial group operating globally in the aerospace, defence and security sectors, and a world-leading group in the fields of helicopters and defence electronics. Quoted on the Milan Stock Exchange, Finmeccanica generated consolidated revenues of 12.5 billion euros in 2006 and has 58,000 employees. The decision to co-opt Mr Guarguaglini to the Board follows the resignation of Frank Dangeard, Chairman and CEO of Thomson.
The Board has also co-opted Jean-Luc Archambault, CEO of Lysios and Bertrand Mabille, Chief Operating Officer of SFR Entreprises as directors following the resignations of Patrick Sayer, Chairman of the Executive Board of Eurazeo and Gilbert Saada, Director of Investments and Executive Board member of Eurazeo. Proposed to the Board by the Caisse des Depots et Consignations, Mr Archambault and Mr Mabille bring over 20 years of expertise from the public sector via previous functions in ministries of the French government and from the private sector.
Giuliano Berretta, Chairman and CEO of Eutelsat Communications said, "We are very pleased to welcome Pier Francesco Guarguaglini to our Board as a new independent director. His outstanding experience in building successful organisations and the solid track records of Jean-Luc Archambault and Bertrand Mabille bring a wealth of knowledge and expertise that will strengthen our corporate governance and complement our overall leadership team as we pursue our growth objectives."
These appointments will be submitted for ratification at the next ordinary general meeting, to be scheduled for November 2007. The mandates of Mr Archambault and Mr Mabille are valid to the ordinary general meeting of shareholders examining the accounts for the 2010-2011 financial year. The mandate of Mr Guarguaglini is valid until the ordinary general meeting of shareholders examining the accounts for the 2011-2012 financial year. Eutelsat Communications' Board comprises 10 directors, of which two are independent directors, Lord Birt and Pier Francesco Guarguaglini.
About Eutelsat Communications
Eutelsat Communications (Euronext Paris: ETL, ISIN code: FR0010221234) is the holding company of Eutelsat S.A.. With capacity commercialised on 24 satellites that provide coverage over the entire European continent, as well as the Middle East, Africa, India and significant parts of Asia and the Americas, Eutelsat is one of the world's three leading satellite operators in terms of revenues. At 30 June 2007, Eutelsat's satellites were broadcasting over 2,600 television channels and 1,100 radio stations. More than 1,000 channels broadcast via its HOT BIRD(TM) video neighbourhood at 13 degrees East which serves over 120 million cable and satellite homes in Europe, the Middle East and North Africa. The Group's satellites also serve a wide range of fixed and mobile telecommunications services, TV contribution markets, corporate networks, and broadband markets for Internet Service Providers and for transport, maritime and in-flight markets. Eutelsat's broadband subsidiary, Skylogic, markets and operates services through teleports in France and Italy that serve enterprises, local communities, government agencies and aid organisations in Europe, Africa, Asia and the Americas. Headquartered in Paris, Eutelsat and its subsidiaries employ 529 commercial, technical and operational experts from 27 countries.
http://www.eutelsat.com
For further information Press Vanessa O'Connor Tel: +33-1-53-98-38-88 voconnor@eutelsat.fr Frederique Gautier Tel: +33-1-53-98-38-88 fgautier@eutelsat.fr Investors Gilles Janvier Tel: +33-1-53-98-35-35 investors@eutelsat-communications.com
Source: Eutelsat Communications
For further information: Press, Vanessa O'Connor, Tel: +33-1-53-98-38-88, voconnor@eutelsat.fr; Frederique Gautier, Tel: +33-1-53-98-38-88, fgautier@eutelsat.fr; Investors, Gilles Janvier, Tel: +33-1-53-98-35-35, investors@eutelsat-communications.com
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