SES has appointed Padraig McCarthy as CFO and a member of the company’s executive committee.
Andrew Browne, SES’ current CFO, has decided to relocate back to The Hague. He will leave his position in the company to become CFO of O3b Networks, a venture that is deploying a next generation satellite network that combines the reach of satellites with the speed of fibre. With a 47% shareholding, SES is a strategic investor in O3b Networks.
McCarthy’s appointment becomes effective after April 4, 2013, the day when the annual general Meeting of shareholders is asked to approve the company’s 2012 financial results.
McCarthy joined SES in 1995 from Norton SA (Group St. Gobain) where he was financial director, Europe.
After having served as SES’s controller, Padraig took the position of CFO of SES ASTRA, then the European subsidiary of global satellite operator SES (2002-2011).
Since the integration of SES Astra and SES World Skies into SES, Padraig has been SVP financial operations and business support at SES, reporting directly to the CFO.