Latest news with #Fallacher
Time of India
05-05-2025
- Business
- Time of India
Airtel partner Eutelsat names new chief; read current CEO Eva Berneke's message here
Eutelsat has appointed Orange executive Jean-Francois Fallacher as its new CEO. Fallacher, 58, will be replacing the Franco-British satellite communication provider's current chief, Eva Berneke . Fallacher, who is a telecoms sector veteran and has led Orange's branches in Romania, Poland, Spain, and France over the past 15 years, is set to take over Eutelsat, which also shares a strategic partnership with Indian telecom giant Airtel , on June 1. The change reportedly comes as Eutelsat seeks to reduce Europe's dependency on Elon Musk's Starlink . Eutelsat also said that it needs more financing as Europe looks for home-grown satellite communication options for both commercial and defence purposes. "It is a continuity appointment, not a rupture with the strategy, as the path is clearly traced and the new CEO is committed to build," a Eutelsat spokesperson said to the news agency Reuters. Read what Eutelsat CEO Eva Berneke said about her exit from the company The company's current CEO, Berneke, also took to the professional networking platform LinkedIn to share a message about her departure from Eutelsat. Berneke wrote: 'Ensuring Eutelsat Groups future direction Dear friends, colleagues and partners across the world. This morning we announced that I will hand over the realms of Eutelsat to a new CEO, who will onboard the company starting 1 June. Since I took over the CEO position in January 2022, the world has changed in many ways; Russia invaded Ukraine and put geopolitics on the radar for leaders and companies all over the world and the early morning attack on the Viasat satellite - on the day of the Russian invasion - placed SatComs, space and subsequently Eutelsat in the centre of it all. The world has changed immensely and so has Eutelsat. We announced the merger with OneWeb in the summer of '22 and completed the merger the following year, creating the first LEO-GEO player in the SatCom industry and the only operational LEO constellation operator besides Starlink in the US. New steps were taken in 2024 when Eutelsat joined forces with 2 other operators and won the significant 10,6Bn Euro IRIS2 contract with the EU with the objective of developing a European Souverain space connectivity capacity and ensuring that Europe remain sovereign and independent – also in Space. In parallel with all of this; Eutelsat's GEO Tech teams managed no less than 5 GEO launches. And last but not least, we partially divested our passive ground infrastructure and welcomed EQT as new investor, and jointly we are now on track to create the world's first satellite antenna company. So looking to the future; Eutelsat is set for a full alignment with a world where Europe is a strong souverain space player and strongly aligned with the telecom connectivity ecosystem. So with Eutelsat's strategy anchored in the IRIS2 and European souverain future, we look to adjust our governance and shareholder structure, and this has paved the way for our CEO succession, which will unfold during the next month. Jean-Francois Fallacher will join as Eutelsat's new CEO on June 1, and I will make sure he gets onboarded with our fantastic teams, our cherished customers, strategic suppliers and regulatory partners. I hope that you will be as welcoming and friendly to him as you have been to me during the past years and this says a lot! Bringing Eutelsat into a new future has been an immense challenge but first and foremost a great privilege and pleasure and I have truly enjoyed being part of the global space family and steering Eutelsat into a new and very exciting future. I will see you around, EVA' AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Broadcast Pro
05-05-2025
- Business
- Broadcast Pro
Eutelsat appoints Jean-François Fallacher as new CEO
Jean-François Fallacher succeeds Eva Berneke, who has steered the company since January 2022. Eutelsat has announced the appointment of Jean-François Fallacher as its new Chief Executive Officer, marking a strategic leadership transition as the company enters a new phase following its merger with OneWeb and prepares for its role in the upcoming EU IRIS2 constellation project. The decision was made during a Board Meeting on May 4, 2025, based on the recommendation of the Nomination and Governance Committee. Fallacher will officially assume the role on June 1, 2025. A highly experienced executive in the telecommunications sector, Fallacher joins Eutelsat after a long tenure at Orange, where he most recently served as Executive Vice President and CEO of Orange France. His international leadership experience spans several key markets, having previously led Oranges operations in Spain, Romania and Poland. Earlier in his career, he held senior roles at Wanadoo Netherlands and Sofrecom, bringing a blend of expertise in R&D, sales and operations. Fallacher holds degrees from Ecole Polytechnique and Ecole Nationale Supérieure des Télécommunications in Paris. Fallacher takes the helm from Eva Berneke, who has led Eutelsat since January 2022. Under her leadership, the company achieved several transformative milestones, including the high-profile merger with OneWeb in 2023creating the worlds only combined LEO (Low Earth Orbit) and GEO (Geostationary Orbit) satellite operator. Berneke also oversaw Eutelsats designation as a core partner in the EU's forthcoming IRIS2 multi-orbit constellation and led the innovative divestment of its passive ground segment, a first among satellite operators. Dominique DHinnin, Chairman of the Board of Directors of Eutelsat, commented: 'On behalf of myself, Vice-Chairman Sunil Bharti Mittal, and the other members of the Board, I warmly thank Eva Berneke for her dynamic and committed leadership through these significant milestones in Eutelsats development and for delivering on our telecoms pivot strategy, in a period that has seen significantly increased competitive and geopolitical pressure. 'I am delighted to welcome Jean-François Fallacher as he picks up the baton from Eva. With his proven track record of success and wealth of experience and expertise, I am convinced he is the right leader to take Eutelsat forward and successfully steward the company through the opportunities and challenges which will undoubtedly present themselves in the coming years.' Jean-François Fallacher said: 'I am excited to be joining Eutelsat at such a pivotal moment in its history. Technology is evolving faster than ever, and in todays increasingly complex geopolitical context, satellite networks have become a key element in the Connectivity landscape. I am convinced Eutelsat has the fundamentals to be a winner in this environment, and I look forward to building on Evas foundations, and working with its talented teams to ensure we achieve our goals.'
CNA
05-05-2025
- Business
- CNA
Eutelsat replaces CEO with Orange executive in surprise move
PARIS : Franco-British satellite operator Eutelsat will replace its CEO with Orange executive Jean-Francois Fallacher, it said on Monday, in a surprise move by a company in the spotlight for its role in European defence communications. Fallacher, currently CEO of Orange France, will take over on June 1, at a time when Eutelsat has said it needs more financing. He will succeed Eva Berneke, who has led the company since 2022. The Frenchman takes over as Europe is looking for home-grown commercial and defence satellite communication options to reduce its reliance on Elon Musk's Starlink. Fallacher, 58, is a telecoms sector veteran, having led Orange's branches in Romania, Poland, Spain and France over the last 15 years. "It is a continuity appointment, not a rupture with the strategy, as the path is clearly traced and the new CEO is committed to build," a Eutelsat spokesperson said. Shares in the company, up 90 per cent this year, rose 8 per cent by 1148 GMT. Only 20.9 per cent of the shares listed in Paris and London are publicly traded, making it prone to sharp price swings. A COSTLY MERGER Berneke led Eutelsat through its merger with Britain's OneWeb in 2023 and a rapid revival of interest in the role of satellite connectivity in Europe. Eutelsat's OneWeb acquisition gave the group control over the only other constellation of low Earth orbit satellites in the world at the time besides Starlink. Suggestions the company could replace Starlink in providing internet access to war-torn Ukraine fuelled the biggest weekly gains ever in Eutelsat stock in early March. Berneke told Reuters last month the company has provided its high-speed satellite internet service to Ukraine for about a year via a German distributor. "Eutelsat is set for a full alignment with a world where Europe is a strong sovereign space player and strongly aligned with the telecom connectivity ecosystem," Berneke wrote in a post on LinkedIn regarding her departure. She added that the company was looking to "adjust our governance and shareholder structure", which had paved the way for the CEO change. She did not give further details. A person familiar with the situation said Eutelsat was facing significant investment demands that would require fresh capital, with a potential share sale a logical avenue. Eutelsat had said its OneWeb tie-up would lift the group's annual sales to $2 billion by 2027, with OneWeb's second generation of LEO satellites expected to be launched by the end of the decade. However, Eutelsat now says it needs more than three times the satellites than previously thought, requiring up to 2.2 billion euros ($2.5 billion) in financing. ($1 = 0.8822 euros)
Wall Street Journal
05-05-2025
- Business
- Wall Street Journal
Eutelsat Appoints Jean-François Fallacher as New CEO
Eutelsat ETL -6.00%decrease; red down pointing triangle appointed Jean-François Fallacher as its new chief executive officer, amid growing interest within the European Union for alternative satellite systems to Starlink. The French satellite operator said Monday that Fallacher's appointment will be effective on June 1.
