Eutelsat Board of Directors Proposes Jean-Martin Folz to Succeed Giuliano Berretta as Chairman
Eutelsat Board of Directors Proposes Jean-Martin Folz to Succeed Giuliano Berretta as Chairman
PARIS, October 13, 2011/PRNewswire-FirstCall/ --
The Board of Directors of Eutelsat Communications (Euronext Paris : ETL)
met today and unanimously decided to propose to shareholders at the General
Assembly of 8 November 2011 to nominate Jean-Martin Folz as a Board member.
If elected, Jean-Martin Folz will be appointed by the Board as Chairman to
succeed Giuliano Berretta.
Michel de Rosen, Eutelsat CEO, said: "The Board is delighted to propose
Jean-Martin Folz to join our Board and believes he has all the qualities to
assume the role of Chairman, succeeding Giuliano Berretta whose mandate
expires in November. Jean-Martin Folz's extensive business experience on an
international scale will add further strength to our Board's ability to
oversee the expansion of our business for the long term, building on the
outstanding achievements accomplished under the chairmanship of Giuliano
Berretta over the last six years."
Jean-Martin Folz is a graduate of France's Ecole Polytechnique and the
Ecole des Mines. He began his career in the French administration where he
served in various ministries from 1972 to 1978 before joining Rhone-Poulenc
as plant manager. In 1984 he became Chairman and Chief Executive Officer of
Jeumont-Schneider. He joined Pechiney in 1987 as Chief Executive Officer and
was Chief Executive Officer of Eridania Beghin-Say from 1991 to 1995.
Jean-Martin Folz joined PSA Peugeot Citroen in 1995 and was the Group's
CEO from 1997 until February 2007. He was Chairman of AFEP (The French
Association of private companies) from 2007 to 2010.
His current Board memberships include Alstom, Axa, Saint-Gobain, Societe
Generale and Solvay.
About Eutelsat Communications
Eutelsat Communications (Euronext Paris: ETL, ISIN code: FR0010221234)
is the holding company of Eutelsat S.A.. With capacity commercialised on 27
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. As of 30 June 2011, Eutelsat's satellites were
broadcasting more than 3,800 television channels. More than 1,100 channels
are broadcast via its HOT BIRD(TM) video neighbourhood at 13 degrees East
alone 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 access to high speed internet
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 just over 700 commercial, technical and operational professionals
from 30 countries.
Source: Eutelsat Communications
For further information: Press: Vanessa O'Connor, Tel. : +33-1-53-98-37-91, voconnor@eutelsat.fr; Frédérique Gautier, Tel. : +33-1-53-98-37-91, fgautier@eutelsat.fr
Analysts and Investors: Lisa Finas, Tel. : +33-1-53-98-35-30, investors@eutelsat-communications.com; Léonard Wapler Tel. : +33-1-53-98-31-07, investors@eutelsat-communications.com
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