Intelsat CFO Resigns
Transition period planned THROUGH mid-December 2015.
Luxembourg - Intelsat S.A. (NYSE:I), the world’s leading provider of satellite services, today announced that it has accepted the resignation of its Chief Financial Officer, Michael McDonnell, to be effective mid-December 2015. Mr. McDonnell is leaving to accept the position of CFO at another public company. An external search for a successor CFO has commenced.
Intelsat CEO Stephen Spengler stated, “Mike successfully led a number of strategic initiatives during his tenure at Intelsat, including our Initial Public Offering in April 2013 and the major reorganization 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.”
As was previously announced, the company will report its financial results for the three months ended September 30, 2015 on October 29, 2015.