Eutelsat Communications Announces Board Appointments

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Jun 22, 2010, 02:42 ET

PARIS, June 22, 2010 /PRNewswire-FirstCall/ -- Eutelsat Communications (Euronext Paris: ETL), one of the world's leading satellite operators, today announced the nomination of two members to its Board.

Francisco Reynes is co-opted to the Board in replacement of Carlos Sagasta Reussi for the remaining duration of his mandate, i.e. up to the general meeting of shareholders examining the accounts for the financial year ending June 30, 2011. Francisco Reynes is CEO of Abertis, which he joined in May 2009 from the post of Managing Director of Criteria CaixaCorp, the investor holding company of la Caixa, Europe's largest savings bank. Prior to this, he principally held executive appointments in companies in the automotive and energy sectors.

The Board also nominated Olivier Rozenfeld as an additional independent director to replace Pier Francesco Guarguaglini for the remaining duration of his mandate, i.e. up to the general meeting of shareholders examining the accounts for the financial year ending June 30, 2012. Olivier Rozenfeld is a board member and former financial director of Iliad Group. He began his career in international finance at Merrill Lynch and Goldman Sachs at their London and New York offices.

Both nominations will be submitted for approval to the next ordinary general meeting of shareholders. With these two new appointments, the Board of Eutelsat Communications comprises 11 directors, including two independent directors.

About Eutelsat Communications

Eutelsat Communications (Euronext Paris: ETL, ISIN code: FR0010221234) is the holding company of Eutelsat S.A. With capacity commercialised on 26 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 31 March 2010, Eutelsat's satellites were broadcasting more than 3,500 television channels. More than 1,100 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 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 nearly 650 commercial, technical and operational employees from 28 countries.