Paris, 22 October 2021. – First Eutelsat´s Belmer, then Intelsat´s Spengler: the CEO of the satellite operator Intelsat, Stephen Spengler, decided to step down and retire, the company said.
“Stephen Spengler has decided to retire as CEO upon the Company’s emergence from its financial restructuring process and the naming of a successor”, Intelsat said. “Until that time, Spengler will continue as CEO and lead Intelsat through the final stages of this process, ensuring a smooth transition.”
The executive search firm Egon Zehnder has been engaged to lead the search process for a new CEO, Intelsat added.
Eutelsat had announced on 20 October that its CEO Rodolphe Belmer steps down to become the chief executive of the French IT firm Atos. Eutelsat has also not yet found a successor.