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Hong Kong’s AsiaSat Appoints New CEO After Andrew Jordan Steps Down

Artist’s conception of AsiaSat-9. Image courtesy of Space Systems Loral.

Dr. Roger Tong was appointed the new Executive Director and Chief Executive Officer of AsiaSat on 16 April 2018 after Andrew Jordan, who held the company’s top spot since late 2016 stepped down. Mr. Jordan will stay on as a senior advisor until the end of October 2018.

“On behalf of the Board of Directors, I would like to express my gratitude to Mr. Jordan for his service. We look forward to his continued contribution as Senior Advisor to the Company,” said Gregory Zeluck, Chairman of the Board at AsiaSat.

“I would also like to welcome Dr. Tong, an industry veteran with extensive knowledge, experience and network of contacts across the satellite communications, broadcast and telecom industries who has served the Company for more than 10 years to join the board. We are confident that he has the strategic vision, capability and experience to continue to build AsiaSat’s leadership in this rapidly changing environment and to steer the company to its next phase of growth,” Mr. Zeluck added.

Prior to being named Executive Director and CEO, Dr. Tong served as AsiaSat’s Vice President, Engineering and Operations and Chief Technical Officer, having been with AsiaSat since 2008. Before joining AsiaSat, Dr. Tong has worked in Canada, China, and Hong Kong in the satellite industry and holds engineering degrees and a Masters of Business Administration from Canadian universities, and a Doctorate in Business Administration from the University of Newcastle in Australia.

Dr. Tong will hold the position of Executive Director and CEO at AsiaSat until the next annual general meeting where major shareholders will decide to either endorse his appointment or opt to seek a new Executive Director and CEO from outside the company.

Andrew Jordan is leaving to “pursue other business interests,” according to an AsiaSat spokesperson, but will retain a monthly salary of U.S.$54,700 until the end of October, as well as a U.S.$1,100,000 resignation payment, while Dr. Tong  will receive a monthly salary of U.S.$44,390 at least until he is possibly confirmed by shareholders, according to documentation submitted by AsiaSat to the Stock Exchange of Hong Kong.

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