Telesat has announced that Andrew Browne, one of the industry’s most experienced executives, has been appointed the company’s Chief Financial Officer (CFO). Reporting to President and CEO, Dan Goldberg, Andrew will serve on Telesat’s Executive Management Team and be based in the company’s headquarters in Ottawa.
Mr. Browne has had a long and distinguished career in the satellite industry. He was most recently the CFO of SES, a position he held since February 12, 2018. Prior to that, he was CFO of O3b Networks where he was involved in introducing the first Medium Earth Orbit satellite constellation to users in the global Maritime, Energy, Enterprise and Government service verticals. Prior to joining O3b, Mr. Browne was CFO and member of the management board at SES from 2010. He served as CFO of New Skies Satellites between 1998 and 2008, where he worked alongside Dan Goldberg, then CEO of New Skies, overseeing IPOs on the NYSE and Euronext before the sale of New Skies to the Blackstone Group and ultimately to SES. Mr. Browne was CFO and Deputy CEO of Intelsat between 1995 and 1998. Prior to Intelsat, he held CFO and board positions at a number of global companies and organizations specializing in the telecommunications, technology and financial sectors, including Advanced Micro Devices (AMD) in Silicon Valley, Tom Tom in Amsterdam, and the Development Bank of Ireland in Dublin. Mr. Browne is a member of the board of the International Space University (ISU) in Strasbourg, France.
“I am delighted to have Andrew join the team at Telesat and to have the opportunity to work closely with him again,” said Dan Goldberg, Telesat’s President and CEO. “His vast financial experience in the satellite industry is without equal and Telesat will benefit immensely from that going forward, including in connection with the development of our revolutionary Low Earth Orbit satellite constellation. Having worked closely with Andrew for many years prior to my joining Telesat, I have great confidence that he will contribute significantly to the company’s success.”
“I am very pleased by the opportunity to work with Dan again and to join Telesat’s talented leadership team at this exciting time in the industry and Telesat’s evolution,” said Andrew Browne. “Telesat has been a leader in the satellite services market for the last half century. With its long history of strong financial performance, unsurpassed record of innovation, devotion to superior customer service, and exciting growth initiatives, Telesat is extraordinarily well-positioned for continued success as the satellite industry enters its next chapter.”
Mr. Browne will replace Michel Cayouette, who announced in May of this year that he would be retiring from the company after having served as Telesat’s CFO since 2008. Dan and the Telesat board of directors are deeply appreciative of Michel’s significant contributions to the company during his eleven years with Telesat.