Asia Satellite Telecommunications Holdings Limited, Asia’s leading satellite operator, announced that William Wade will retire as Executive Director, President and Chief Executive Officer with effect from 1 November 2016, and remain as Senior Advisor of AsiaSat until 31 March 2017.
Andrew Jordan will be appointed by the Board to succeed Mr. Wade as Executive Director, President and Chief Executive Officer with effect from 1 November 2016. Mr. Jordan, aged 56, has over 25 years of experience in the satellite industry. He was the General Manager in the Marketing Department of AsiaSat from 1991 to 1993. Mr. Jordan has held executive positions with several satellite operators, and has led complex deal negotiations in China, Hong Kong SAR, Australia, Italy and the United Kingdom. He obtained a Bachelor’s degree in Chinese from London University’s School of Oriental and African Studies.
AsiaSat’s Chairman, JU Wei Min, said, “On behalf of the Board of Directors, I would like to express my sincere gratitude to Mr. Wade for his many years of dedicated and exceptional service. AsiaSat’s solid reputation in the industry and its strong commitment to quality and reliability are a credit to his leadership. We look forward to his contributions as Senior Advisor to assist in the leadership transition.”
“I would like to welcome back Mr. Jordan, who is an industry veteran with extensive experience, knowledge and contacts across the satellite communications, broadcast and telecom industries. We are confident that he has the strategic vision and experience to drive AsiaSat’s next phase of growth,” Mr. Ju added.