Intelsat Announces Retirement of Chief Financial Officer
January 14 2019 - 4:15PM
Business Wire
Jacques Kerrest expected to remain in role throughout search
process for successor
Intelsat announced today that its Chief Financial Officer,
Jacques Kerrest, plans to retire. He will continue in his role
through the spring until a successor is appointed to ensure a
smooth transition of duties.
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the full release here:
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Intelsat CFO Jacques Kerrest Announces
Retirement (Photo: Business Wire)
Since joining Intelsat in February 2016, Mr. Kerrest played an
instrumental role in successfully completing $15.5 billion in debt
and equity transactions, achieving an improved capital structure
for the company.
“On behalf of the company and the management team, I’d like to
thank Jacques for his leadership and many contributions during his
tenure,” said Stephen Spengler, Chief Executive Officer. “Jacques’
expertise in capital markets and strategic engagement with debt and
equity investors enhanced Intelsat's position as a respected
issuer. One result of his contributions, our improved capital
structure, provides us the flexibility that positions us to execute
our business strategies. We wish Jacques well as he pursues his
personal goals during his well-earned retirement.”
The company is retaining an executive search firm to lead the
search for his replacement.
About Intelsat
Intelsat S.A. (NYSE: I) operates the world’s first Globalized
Network, delivering high-quality, cost-effective video and
broadband services anywhere in the world. Intelsat’s Globalized
Network combines the world’s largest satellite backbone with
terrestrial infrastructure, managed services and an open,
interoperable architecture to enable customers to drive revenue and
reach through a new generation of network services. Thousands of
organizations serving billions of people worldwide rely on Intelsat
to provide ubiquitous broadband connectivity, multi-format video
broadcasting, secure satellite communications and seamless mobility
services. The end result is an entirely new world, one that allows
us to envision the impossible, connect without boundaries and
transform the ways in which we live. For more information, visit
www.intelsat.com.
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Dianne VanBeberVice President, Investor
Relationsdianne.vanbeber@intelsat.com+1-703-559-7406
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