SES looking for new CFO as Andrew Browne steps down
Luxembourg satellite company SES has announced that its CFO, Andrew Browne, is to step down – and that it is looking for a successor.
Browne (pictured) cited “personal and family reasons”, for his departure and said he would “pursue other endeavours”.
He has been with SES and its associates since 2006, when SES bought New Skies. He said: “It has been a privilege to have been part of SES since 2006, participating in its success, continued transformation and ongoing leadership of the industry.”
Notably Browne was CFO of O3b Networks from 2013, in which SES had a large stake. Browne and Steve Collar, then CEO of O3b Networks, developed the project into a successful business before the full acquisition by SES in 2016.
Collar became CEO of SES in April 2018 and Browne became CFO, working particularly with the investment community.
Collar said: “In the last 18 months, we have made important strides at SES. Andrew is stepping down with the business in excellent shape: clear strategic direction, a strong balance sheet and a broad and talented finance organisation. We will miss him, and I am sure that our paths will cross again in the future.”
Romain Bausch, chairman of SES, said: “Andrew has made a huge contribution to the success of SES for well over a decade and he leaves with our very best wishes and as a lifelong friend of the company.”
Brown said: “I have thoroughly enjoyed the experience and opportunity to work closely with both Steve and Romain over the past decade as well as with the tremendous leadership and finance teams over the years. I wish all at SES every success in the future.”
The August/September issue of Capacity has a special report on satellites: available to download here.