Eutelsat prepares for combination with OneWeb

Having received all relevant regulatory clearances on the proposed combination between Eutelsat Communications and OneWeb, Eutelsat Communications convenes an Ordinary and Extraordinary General Meeting of Eutelsat shareholders for 28.09.2023. The combination will create a leading global player in satellite connectivity.

Paris - Having received all relevant regulatory clearances on the proposed combination between Eutelsat Communications and OneWeb, Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris: ETL "Eutelsat") convened an Ordinary and Extraordinary General Meeting of Eutelsat shareholders to be held on the 28 September 2023. 

Yesterday, Eutelsat released all documentation and information pertaining to this Ordinary and Extraordinary General Meeting, including the French Exemption Document, outlining the details and proposed governance structure of the Combined Entity.

The combination of Eutelsat and OneWeb will create a leading global player in satellite connectivity.

Under the leadership of CEO Eva Berneke, the 12-strong leadership team will deliver against this ambition and execute the combined business’ strategy. The team’s immediate priorities will be fully operationalizing and commercializing Gen 1, completing the merger integration, and capitalizing on the realization of the synergies previously outlined.

The new executive team will bring together senior leaders of both Eutelsat and OneWeb, with decades of experience in the satellite industry. The executive leadership team includes the leaders of the two business units Connectivity and Video, three technical teams: Engineering, Operations and IT, as well as key staff functions of the combined business. The contemplated appointments are: 

•    Chief Financial Officer: Christophe Caudrelier
•    Co-General Managers, BU Connectivity: Stephen Beynon and Cyril Dujardin
•    General Manager, BU Video: Laurence Delpy
•    Chief Operations Officer: Massimiliano Ladovaz
•    Chief Engineering Officer: Arlen Kassighian
•    Chief Information Officer: David Bath
•    Chief Strategy & Resources Officer: Jean-Hubert Lenotte
•    Chief Human Resources Officer: Anne Carron
•    Chief Communications Officer: Vanessa Mahoney
•    General Secretary: David Bertolotti

OneWeb CEO, Neil Masterson will stay with the company until the end of the year to continue to ensure the successful integration of the companies. 

This contemplated executive leadership team remains subject to the completion of the combination following the vote of the Ordinary and Extraordinary General meeting.

All documents and information pertaining to the Ordinary and Extraordinary General Meeting are made available to shareholders at the Company's registered office (32, boulevard Gallieni - 92130 Issy-les-Moulineaux, France), as required by French law.