Intelsat, S.A. (NYSE: I) today announced the appointment of David M.
Tolley as Executive Vice President and Chief Financial Officer,
effective June 3, 2019.
Tolley will report to Intelsat’s Chief Executive Officer, Stephen
Spengler, and oversee Intelsat’s global finance organization. He will
serve on Intelsat’s Management Committee and be based in the company’s
U.S. administrative headquarters in McLean, Virginia.
Tolley brings over 20 years of financial experience to Intelsat. He most
recently served as the Chief Financial Officer of OneWeb where he led
the global finance organization and served on the company’s Executive
Committee. Prior to OneWeb, Tolley served as a Senior Managing Director
in the Private Equity Group at Blackstone (NYSE: BX) where he led
satellite services strategy and investing and served on the Private
Equity Investment Committee. During that period, he was Chairman of the
Board of Directors of NewSkies Satellites N.V. and led the
public-to-private acquisition, re-IPO and ultimate divestiture of
NewSkies to SES S.A. Prior to Blackstone, he was a Vice President at
Morgan Stanley in the Investment Banking Division, where he provided
banking and advisory services to established and emerging companies in
the broader communications sector.
Tolley earned his bachelor’s degree in economics and history from the
University of Michigan and his MBA from Columbia Business School. He
currently serves on the board of directors of ExteNet Systems and the
Smithsonian National Air and Space Museum.
Commenting on Tolley’s appointment, Spengler said: “I am very pleased to
welcome David to Intelsat. He is a great addition to our leadership team
and will help us execute our long-term strategy as we bring innovative
services to market and pursue new opportunities in the verticals that we
serve. His wealth of investing, corporate finance and capital markets
experience will be a tremendous asset as we continue to take a
disciplined approach to capital allocation. He will build upon the
progress that Jacques Kerrest, our retiring CFO, has made toward
achieving our financial objectives and focus on delivering value to all
of our stakeholders.
Tolley added: “I am excited to be joining Intelsat at a pivotal time,
when global expectations for ubiquitous broadband connectivity are
growing faster than ever. The company is uniquely positioned to
capitalize on the opportunities ahead and play an integral role in the
global 5G telecommunications ecosystem. It’s an exciting time for
Intelsat and I look forward to supporting and advancing the company’s
transformation.”
About Intelsat
Intelsat S.A. (NYSE: I) operates the world’s first Globalized Network,
delivering high-quality, cost-effective video and broadband services
anywhere in the world. Intelsat’s Globalized Network combines the
world’s largest satellite backbone with terrestrial infrastructure,
managed services and an open, interoperable architecture to enable
customers to drive revenue and reach through a new generation of network
services. Thousands of organizations serving billions of people
worldwide rely on Intelsat to provide ubiquitous broadband connectivity,
multi-format video broadcasting, secure satellite communications and
seamless mobility services. The end result is an entirely new world, one
that allows us to envision the impossible, connect without boundaries
and transform the ways in which we live. For more information, visit www.intelsat.com.
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