Press release -
Kevin Steen appointed as President and CEO of Combined Eutelsat America Corp. and OneWeb Technologies
Paris, 30 April 2024 – Eutelsat Group (ISIN: FR0010221234 – Euronext Paris / London Stock Exchange: ETL) announced today that Kevin Steen has been appointed by the Eutelsat America Corp. (EAC) Board of Directors to the position of President and CEO of EAC. He will also continue his existing role as President and CEO of OneWeb Technologies (OWT). EAC and OWT completed their combination earlier this year and will go to market as a single EAC entity.
EAC is a subsidiary of Eutelsat Group, delivering communication services and solutions to US Government and Military customers around the globe in support of national security missions.
Prior to his appointment as President and CEO of EAC, Kevin served as the CEO of OWT since 2022 and the CEO of iDirect from 2017 until 2022. Kevin is recognized as a leader in the satellite industry with a track record of success utilizing organic and inorganic growth strategies. Steen joined iDirect in 2010 and served in multiple roles including Chief Operating Officer and Vice President of Business Development. Kevin brings over 30 years of technology and business experience to his new role. He holds a master’s degree in business administration from Northeastern University and a Bachelor of Science from the University of Denver.
Commenting on the appointment, Pamela A. Drew, Board Chair said at EAC: “We are pleased to welcome Kevin to Eutelsat America Corp. and are confident his extensive experience will be an asset to us as we merge the two companies. The combination of OWT and EAC brings an unparalleled, multi-orbit satellite communications capability to address the unique mission needs of the US Government.”
Steen added: “I look forward to leading a seamless integration of the OWT and EAC teams. It is an exciting time for our industry and the new EAC is poised for great success, leveraging the geosynchronous satellite capabilities of Eutelsat and the low earth orbit satellite capabilities of OneWeb.”
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About Eutelsat Group
Eutelsat Group is a global leader in satellite communications, delivering connectivity and broadcast services worldwide. The Group was formed through the combination of the Company and OneWeb in 2023, becoming the first fully integrated GEO-LEO satellite operator with a fleet of 35 Geostationary satellites and a Low Earth Orbit (LEO) constellation of more than 600 satellites. The Group addresses the needs of customers in four key verticals of Video, where it distributes more than 6,500 television channels, and the high-growth connectivity markets of Mobile Connectivity, Fixed Connectivity, and Government Services. Eutelsat Group’s unique suite of in-orbit assets enables it to deliver integrated solutions to meet the needs of global customers. The Company is headquartered in Paris and the Eutelsat Group employs more than 1,700 people across more than 50 countries. The Group is committed to delivering safe, resilient, and environmentally sustainable connectivity to help bridge the digital divide. The Company is listed on the Euronext Paris Stock Exchange (ticker: ETL) and the London Stock Exchange (ticker: ETL)
Find out more at www.eutelsat.com
Media enquiries
Joanna Darlington
Tel. +33 674 521 531
jdarlington@eutelsat.com
Anita Baltagi
Tel. +33 643 930 178
abaltagi@eutelsat.com
Katie Dowd
Tel. +1 202 271 2209
kdowd@oneweb.net
Investors
Joanna Darlington
Tel. +33 674 521 531
jdarlington@eutelsat.com
Hugo Laurens Berge
Tel. +33 670 80 95 58
hlaurensberge@eutelsat.com
DISCLAIMER
The forward-looking statements included herein are for illustrative purposes only and are based on management’s views and assumptions as of the date of this document. Such forward-looking statements involve known and unknown risks. For illustrative purposes only, such risks include but are not limited to: risks related to the health crisis; operational risks related to satellite failures or impaired satellite performance, or failure to roll out the deployment plan as planned and within the expected timeframe; risks related to the trend in the satellite telecommunications market resulting from increased competition or technological changes affecting the market; risks related to the international dimension of the Group's customers and activities; risks related to the adoption of international rules on frequency coordination and financial risks related, inter alia, to the financial guarantee granted to the Intergovernmental Organization's closed pension fund, and foreign exchange risk. Eutelsat Communications expressly disclaims any obligation or undertaking to update or revise any projections, forecasts or estimates contained in this document to reflect any change in events, conditions, assumptions, or circumstances on which any such statements are based, unless so required by applicable law. The information contained in this document is not based on historical fact and should not be construed as a guarantee that the facts or data mentioned will occur. This information is based on data, assumptions and estimates that the Group considers as reasonable.
