Latest news with #SandeepJalan
National Post
2 days ago
- Business
- National Post
SES Announces Appointment of New CFO
Article content Elisabeth Pataki, a progressive finance executive with over 20 years of experience at Article content SES's Leadership Team as new CFO Article content LUXEMBOURG — SES today announced its Board of Directors has appointed Elisabeth (Lisa) Pataki as Chief Financial Officer (CFO), effective 16 June 2025. Lisa is a progressive finance executive with over 20 years of experience at various publicly listed multi-national aerospace and defence companies with strong background in company transformation and investment strategies. She will succeed Sandeep Jalan who has been SES's CFO since May 2020. Article content The SES Board acknowledges Sandeep's contribution to SES and wishes him success in future endeavours. Lisa will work closely with Sandeep to ensure a smooth handover before he leaves on 31 July 2025. Article content 'I would like to thank Sandeep for his steadfast leadership over the last five years where he has driven continuous execution improvement and transformation while strengthening the company's balance sheet with a competitive cost of capital and delivering healthy cash returns to shareholders,' said Adel Al-Saleh, CEO of SES. 'We are pleased to welcome Lisa as our new CFO. Lisa has extensive experience in the aerospace and defence ecosystem and has completed several successful M&A finance integrations. Moreover, her ability to develop financial strategies that prioritise operational focus, efficiency, and profitable investments will strengthen SES's Leadership Team, helping SES achieve our mission of being a leading satellite player.' Article content 'I would like to thank everyone at SES for their outstanding teamwork,' said Sandeep, CFO of SES. 'I am proud of the strides we have made during the past years, and I will continue to cheer SES's progress in the industry.' Article content Incoming CFO Lisa said, 'I look forward to stepping into this new position and working with everyone at SES to jointly deliver an exciting future for the years to come.' Article content Lisa joins SES from Aerojet Rocketdyne, an L3Harris Company, where she helped expand profitability through streamlining operations and prioritising capital investments for long-term growth. As Group CFO for the Comet Group from 2020-2023, she drove EBITDA margin expansion of over 5 percentage points. In her 10-year progressive career (2005-2015) across RTX Corporation (formerly Raytheon Technologies Corporation), she held multiple finance roles and led the financial integration of Applied Signal Technologies, one of Raytheon's largest acquisitions in 2011. Article content Twitter Article content | Article content Facebook Article content | Article content YouTube Article content | Article content LinkedIn Article content | Article content Instagram Article content Article content Article content Visit the Media Gallery > Article content About SES Article content SES has a bold vision to deliver amazing experiences everywhere on Earth by distributing the highest quality video content and providing seamless data connectivity services around the world. As a provider of global content and connectivity solutions, SES owns and operates a geosynchronous earth orbit (GEO) fleet and medium earth orbit (MEO) constellation of satellites, offering a combination of global coverage and high-performance services. By using its intelligent, cloud-enabled network, SES delivers high-quality connectivity solutions anywhere on land, at sea or in the air, and is a trusted partner to telecommunications companies, mobile network operators, governments, connectivity and cloud service providers, broadcasters, video platform operators and content owners around the world. The company is headquartered in Luxembourg and listed on Paris and Luxembourg stock exchanges (Ticker: SESG). Further information is available at: Article content Article content Contacts Article content
Yahoo
2 days ago
- Business
- Yahoo
Satellite firm SES taps aerospace veteran as new finance chief
(Reuters) -SES has appointed Elisabeth Pataki as its new finance chief, the European satellite company said on Friday. Pataki, a veteran of the aerospace and defence industry, is currently the chief financial officer of L3Harris unit Aerojet Rocketdyne. She will take on the role at SES from Sandeep Jalan on June 16. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
SES Announces Appointment of New CFO
Elisabeth Pataki, a progressive finance executive with over 20 years of experience at various publicly listed multi-national aerospace and defence companies, will strengthen SES's Leadership Team as new CFO LUXEMBOURG, June 06, 2025--(BUSINESS WIRE)--SES today announced its Board of Directors has appointed Elisabeth (Lisa) Pataki as Chief Financial Officer (CFO), effective 16 June 2025. Lisa is a progressive finance executive with over 20 years of experience at various publicly listed multi-national aerospace and defence companies with strong background in company transformation and investment strategies. She will succeed Sandeep Jalan who has been SES's CFO since May 2020. The SES Board acknowledges Sandeep's contribution to SES and wishes him success in future endeavours. Lisa will work closely with Sandeep to ensure a smooth handover before he leaves on 31 July 2025. "I would like to thank Sandeep for his steadfast leadership over the last five years where he has driven continuous execution improvement and transformation while strengthening the company's balance sheet with a competitive cost of capital and delivering healthy cash returns to shareholders," said Adel Al-Saleh, CEO of SES. "We are pleased to welcome Lisa as our new CFO. Lisa has extensive experience in the aerospace and defence ecosystem and has completed several successful M&A finance integrations. Moreover, her ability to develop financial strategies that prioritise operational focus, efficiency, and profitable investments will strengthen SES's Leadership Team, helping SES achieve our mission of being a leading satellite player." "I would like to thank everyone at SES for their outstanding teamwork," said Sandeep, CFO of SES. "I am proud of the strides we have made during the past years, and I will continue to cheer SES's progress in the industry." Incoming CFO Lisa said, "I look forward to stepping into this new position and working with everyone at SES to jointly deliver an exciting future for the years to come." Lisa joins SES from Aerojet Rocketdyne, an L3Harris Company, where she helped expand profitability through streamlining operations and prioritising capital investments for long-term growth. As Group CFO for the Comet Group from 2020-2023, she drove EBITDA margin expansion of over 5 percentage points. In her 10-year progressive career (2005-2015) across RTX Corporation (formerly Raytheon Technologies Corporation), she held multiple finance roles and led the financial integration of Applied Signal Technologies, one of Raytheon's largest acquisitions in 2011. Follow us on: Twitter | Facebook | YouTube | LinkedIn | Instagram Read our Blogs > Visit the Media Gallery > About SES SES has a bold vision to deliver amazing experiences everywhere on Earth by distributing the highest quality video content and providing seamless data connectivity services around the world. As a provider of global content and connectivity solutions, SES owns and operates a geosynchronous earth orbit (GEO) fleet and medium earth orbit (MEO) constellation of satellites, offering a combination of global coverage and high-performance services. By using its intelligent, cloud-enabled network, SES delivers high-quality connectivity solutions anywhere on land, at sea or in the air, and is a trusted partner to telecommunications companies, mobile network operators, governments, connectivity and cloud service providers, broadcasters, video platform operators and content owners around the world. The company is headquartered in Luxembourg and listed on Paris and Luxembourg stock exchanges (Ticker: SESG). Further information is available at: View source version on Contacts For further information please contact: Suzanne OngCommunicationsTel. +352 710 725 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Broadcast Pro
30-01-2025
- Business
- Broadcast Pro
EIB Global signs $130m loan deal with SES for O3b mPOWER
The loan will partially fund SESs continued O3b mPOWER fleet expansion for additional capacity worldwide. The European Investment Banks global arm, EIB Global, has signed a 125m ($130.16m)loan agreement with SES, a provider of satellite-enabled content and connectivity solutions. The loan will support the deployment of three satellites as part of SESs second-generation medium earth orbit (MEO) O3b mPOWER system. To date, SES has launched eight of the 13 planned O3b mPOWER satellites, which operate 8,000 km from Earth. The funding will enable SES to expand broadband connectivity through its MEO system, providing internet access to underserved and remote areas across Africa, Asia and Latin America. This initiative aims to reduce the urban-rural digital divide and enhance access to essential services such as education, healthcare, and e-governance. EIB Vice-President Robert de Groot said: 'Digital connectivity is essential for economic and social development, particularly in regions where access to broadband is limited. By fostering enhanced connectivity, this collaboration with SES will not only help to bridge the digital divide, but will also unlock new opportunities by improving quality of life for millions of people. The project will also help strengthen Europes independence in the area of access to space-based data traffic reflecting the EIBs commitment to supporting Europes strategic autonomy in the domains of space and global connectivity.' Sandeep Jalan, Chief Financial Officer at SES, added: 'We are pleased to have secured this term loan from the EIB, which reflects their confidence in our business and network and underscores our ability to secure funding from diverse sources while bolstering SESs financial foundation. This agreement further enables us to deliver high-performance, multi-orbit connectivity services securely and reliably to our customers worldwide.' The loan aligns with the European Unions Global Gateway initiative, which promotes investment in secure and sustainable infrastructure to connect communities and enhance global living standards.
