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LUXEMBOURG - Satellite communications provider SES announced Thursday the appointment of Joseph Cohen to its Board of Directors, effective immediately. Cohen, a Co-Founding Partner of Trilantic Europe, brings extensive experience in private equity, capital markets, and corporate finance to the satellite operator.
Before co-founding Trilantic Europe, Cohen spent over 20 years at Lehman Brothers, where he served in various leadership positions including European Co-Head of Lehman Brothers Merchant Banking and as a member of the Investment Management Division’s European operating committee.
The company also announced that Kaj-Erik Relander has stepped down from the SES Board of Directors.
"His extensive experience in private equity, corporate finance and capital markets will be instrumental as we continue to strengthen our governance and drive long-term growth for SES," said Frank Esser, Chairman of the Board of Directors of SES, regarding Cohen’s appointment.
Cohen, a U.K. citizen, holds a BSc in Economics from the London School of Economics.
SES, headquartered in Luxembourg and listed on Paris and Luxembourg stock exchanges (Ticker:SESG), provides satellite communications services to governments and businesses globally. The company recently completed an acquisition of Intelsat, combining for what it describes as more than 100 years of combined global industry leadership. The stock currently trades at $7.48, showing recent positive momentum with a gain from its previous close of $7.45. For deeper insights into SES’s financial health and growth prospects, InvestingPro offers comprehensive analysis and exclusive ProTips.
The announcement was made in a press release statement issued by the company. Want to stay ahead of market movements and make informed investment decisions? InvestingPro subscribers gain access to real-time financial metrics, Fair Value assessments, and expert analysis for SES and thousands of other companies worldwide.
In other recent news, SES has completed its acquisition of Intelsat, forming an expanded global satellite operator with a fleet of 120 satellites. This merger combines approximately 90 geostationary and nearly 30 medium earth orbit satellites, alongside strategic access to low earth orbit satellites. The newly merged entity plans to deliver multi-orbit, multi-band satellite solutions using a variety of spectrum bands, including C-, Ku-, Ka-, Military Ka-, X-band, and Ultra High Frequency. According to a company press release, the combined company is projecting pro forma revenue of €3.7 billion. The entity anticipates revenue growth at a low- to mid-single digit compound annual growth rate from 2024 to 2028. These developments mark significant expansion and potential growth for SES in the global satellite market.
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