Tag: Stephen Spengler

  • Intelsat appoints Jacques Kerrest as CFO

    Intelsat appoints Jacques Kerrest as CFO

    MUMBAI: Intelsat S.A. has appointed Jacques Kerrest as executive vice president and chief financial officer.

     

    Kerrest will report to Intelsat CEO Stephen Spengler and will be responsible for the leadership of Intelsat’s financial operations, including capital markets, accounting, treasury, financial planning, investor relations and corporate development.

     

    He will be a member of the company’s Management Committee and is expected to begin his duties on 1 February, 2016.

     

    Spengler said, “Jacques brings a wealth of experience to Intelsat. He has a strong track record of leading the finance organisations of large, complex and global corporations. His deep financial expertise in the telecom and media sectors will provide new perspectives within our management team. I have confidence that his financial acumen, corporate finance background and sector knowledge will play an instrumental role in shaping our financial priorities and in the attainment of our operational and long-term strategic goals.”

     

    Kerrest joins Intelsat from DPC Data Inc. where he served as president and led the company’s efforts in providing disclosure-related data products and specialised data services to the municipal bond marketplace in the United States. Prior to DPC Data, he was CFO and COO at ActivIdentity Corporation (known today as HID Global). Kerrest’s experience also includes CFO roles at Virgin Media, Equant, and Chancellor Broadcasting.

  • Intelsat appoints Jacques Kerrest as CFO

    Intelsat appoints Jacques Kerrest as CFO

    MUMBAI: Intelsat S.A. has appointed Jacques Kerrest as executive vice president and chief financial officer.

     

    Kerrest will report to Intelsat CEO Stephen Spengler and will be responsible for the leadership of Intelsat’s financial operations, including capital markets, accounting, treasury, financial planning, investor relations and corporate development.

     

    He will be a member of the company’s Management Committee and is expected to begin his duties on 1 February, 2016.

     

    Spengler said, “Jacques brings a wealth of experience to Intelsat. He has a strong track record of leading the finance organisations of large, complex and global corporations. His deep financial expertise in the telecom and media sectors will provide new perspectives within our management team. I have confidence that his financial acumen, corporate finance background and sector knowledge will play an instrumental role in shaping our financial priorities and in the attainment of our operational and long-term strategic goals.”

     

    Kerrest joins Intelsat from DPC Data Inc. where he served as president and led the company’s efforts in providing disclosure-related data products and specialised data services to the municipal bond marketplace in the United States. Prior to DPC Data, he was CFO and COO at ActivIdentity Corporation (known today as HID Global). Kerrest’s experience also includes CFO roles at Virgin Media, Equant, and Chancellor Broadcasting.

  • Intelsat launches Epic next-gen satellite system in orbit

    Intelsat launches Epic next-gen satellite system in orbit

    MUMBAI: Satellite services provider Intelsat S.A. has launched the first of the Intelsat EpicNG high throughput satellites – Intelsat 29e successfully from French Guiana aboard an Ariane 5 vehicle.

     

    The Intelsat 29e satellite separated from the rocket’s upper stage 38 minutes after launch and signal acquisition has been confirmed.

     

    Manufactured by Boeing and equipped with the most advanced digital payload on a commercial spacecraft, Intelsat 29e will bring high throughput capacity in both C- and Ku-band to North and Latin America and the North Atlantic region. Intelsat 29e will be placed into service at 310° East, where it replaces Intelsat 1R.

     

    Intelsat 29e is the first satellite of Intelsat’s next generation, all digital EpicNG satellite platform, which combines wide beams and spot beams with frequency reuse technology and the sector’s most advanced digital payload. The digital payload will provide customers with unprecedented security and flexibility, enabling customers to seamlessly access and shift capacity to match their usage needs in a particular region or timeframe. Intelsat EpicNG is optimized to provide satellite connectivity for applications including the Internet of Things, enterprise, wireless infrastructure, aeronautical and maritime mobility, and government, which are expected to provide a combined $3 billion incremental opportunity by the year 2020.

     

    “Today’s launch represents a truly ‘epic’ moment in communication’s history, as we begin a new era of high throughput satellite services for our customers. This is a testament to the innovation and creativity of the Intelsat team who envisioned the Intelsat EpicNG platform nearly four years ago. Through design expertise and a deep understanding of our customers’ requirements, the Intelsat EpicNG platform will deliver high performance, improved economics and simplified access that will expand the addressable market for our solutions,” said Intelsat CEO Stephen Spengler.

     

    The Intelsat EpicNG platform design reflects the company’s innovative approach to introducing high throughput technology into the world’s largest community of enterprise-grade satellite networks which operate on the Intelsat fleet. Intelsat EpicNG is backwards compatible and fully interoperable with Intelsat’s existing satellite fleet and terrestrial infrastructure, allowing customers to use currently deployed network hardware to access the high performance connectivity. The platform’s open architecture allows customers to have control over service offerings and hardware selection, providing differentiation of service offerings.

     

    The payload will deliver carrier-grade services to fixed and mobile network operators, and broadband for applications such as enterprise, aeronautical and maritime mobility, and government throughout the Americas. The satellite also features spot beams for mobility customers serving the heavily trafficked North Atlantic region. Companies such as Harris CapRock, Panasonic, EMC (formerly MTN), Axesat and leading national telecom operators in Latin America will be among the first to deploy services on the platform.

     

    Intelsat 29e is the 56th Intelsat satellite launched by Arianespace.  Intelsat expects to launch the second Intelsat EpicNG satellite, Intelsat 33e, which will serve Europe, Africa, the Middle East, and Asia, in the third quarter of 2016, also aboard an Arianespace launcher.

  • Intelsat launches Epic next-gen satellite system in orbit

    Intelsat launches Epic next-gen satellite system in orbit

    MUMBAI: Satellite services provider Intelsat S.A. has launched the first of the Intelsat EpicNG high throughput satellites – Intelsat 29e successfully from French Guiana aboard an Ariane 5 vehicle.

     

    The Intelsat 29e satellite separated from the rocket’s upper stage 38 minutes after launch and signal acquisition has been confirmed.

     

    Manufactured by Boeing and equipped with the most advanced digital payload on a commercial spacecraft, Intelsat 29e will bring high throughput capacity in both C- and Ku-band to North and Latin America and the North Atlantic region. Intelsat 29e will be placed into service at 310° East, where it replaces Intelsat 1R.

     

    Intelsat 29e is the first satellite of Intelsat’s next generation, all digital EpicNG satellite platform, which combines wide beams and spot beams with frequency reuse technology and the sector’s most advanced digital payload. The digital payload will provide customers with unprecedented security and flexibility, enabling customers to seamlessly access and shift capacity to match their usage needs in a particular region or timeframe. Intelsat EpicNG is optimized to provide satellite connectivity for applications including the Internet of Things, enterprise, wireless infrastructure, aeronautical and maritime mobility, and government, which are expected to provide a combined $3 billion incremental opportunity by the year 2020.

     

    “Today’s launch represents a truly ‘epic’ moment in communication’s history, as we begin a new era of high throughput satellite services for our customers. This is a testament to the innovation and creativity of the Intelsat team who envisioned the Intelsat EpicNG platform nearly four years ago. Through design expertise and a deep understanding of our customers’ requirements, the Intelsat EpicNG platform will deliver high performance, improved economics and simplified access that will expand the addressable market for our solutions,” said Intelsat CEO Stephen Spengler.

     

    The Intelsat EpicNG platform design reflects the company’s innovative approach to introducing high throughput technology into the world’s largest community of enterprise-grade satellite networks which operate on the Intelsat fleet. Intelsat EpicNG is backwards compatible and fully interoperable with Intelsat’s existing satellite fleet and terrestrial infrastructure, allowing customers to use currently deployed network hardware to access the high performance connectivity. The platform’s open architecture allows customers to have control over service offerings and hardware selection, providing differentiation of service offerings.

     

    The payload will deliver carrier-grade services to fixed and mobile network operators, and broadband for applications such as enterprise, aeronautical and maritime mobility, and government throughout the Americas. The satellite also features spot beams for mobility customers serving the heavily trafficked North Atlantic region. Companies such as Harris CapRock, Panasonic, EMC (formerly MTN), Axesat and leading national telecom operators in Latin America will be among the first to deploy services on the platform.

     

    Intelsat 29e is the 56th Intelsat satellite launched by Arianespace.  Intelsat expects to launch the second Intelsat EpicNG satellite, Intelsat 33e, which will serve Europe, Africa, the Middle East, and Asia, in the third quarter of 2016, also aboard an Arianespace launcher.

  • Intelsat names Naren Mansharamani as VP – financial planning & analysis

    Intelsat names Naren Mansharamani as VP – financial planning & analysis

    MUMBAI: Intelsat S.A. has appointed Naren Mansharamani as vice president of financial planning & analysis (FP&A).

     

    In his role, Mansharamani will lead Intelsat’s FP&A and Corporate Development team in further enhancing and sustaining a strong analytic framework that will bridge strategy and operations with finance and accounting to support the company’s business objectives. He will be based in McLean, VA and report to Intelsat CEO and interim CFO Stephen Spengler.

     

    Mansharamani joins Intelsat from SABIC Innovative Plastics formerly known as General Electric (GE) Plastics where he served as director of the Americas. In his role, he was responsible for the overseeing the overall financial performance of the company’s $3 billion Americas division. He also held the role of director of finance & pricing for the company’s $2 billion Global Automotive division. Overall Mansharamani spent 18 years with various business divisions in GE where he held increasing roles of responsibility in GE Plastics, GE Silicones, GE Healthcare and GE Capital. Prior to joining GE, he worked with Ernst & Young for three years.

     

    Mansharamani holds a B.Com from Delhi University and is a Certified Public Accountant and Chartered Accountant.

  • Intelsat CFO Michael McDonnell resigns; to join Quintiles

    Intelsat CFO Michael McDonnell resigns; to join Quintiles

    MUMBAI: Intelsat S.A. chief financial officer (CFO) Michael McDonnell has resigned from the company.

     

    McDonnell is slated to leave mid-December 2015 and will join as executive vice president and CFO at Quintiles, which is a provider of product development and integrated healthcare services.

     

    Intelsat has commenced the process of an external search for a successor CFO.

     

    Intelsat CEO Stephen Spengler said, “Mike successfully led a number of strategic initiatives during his tenure at Intelsat, including our Initial Public Offering in April 2013 and the major reorganisation 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.”

     

    At Intelsat, McDonnell served as CFO since 2008. Previously, he held CFO positions at MCG Capital Corporation and EchoStar Communications (formerly known as DISH Network Corporation). Earlier in his career, he was a partner at PricewaterhouseCoopers, LLP. McDonnell also served as a member of the board of directors of Catalyst Health Solutions, Inc., a publicly held pharmacy benefits management company. He earned a Bachelor of Science Degree in Accounting from Georgetown University and is a certified public accountant.

     

    On joining Quintiles, McDonnell said, “I’m looking forward to joining Quintiles and working with its talented leadership team and finance professionals. I’m excited to get started on enabling the company’s continued growth and opportunity.”