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.