Dan Goldberg is Stepping Down as President and CEO of SES NEW SKIES.BETZDORF, Luxembourg -- SES GLOBAL (Paris:SESG SESG Systems Engineering Steering Group SESG Software Engineering Support Group SESG System Engineering Sub-Group ) (LuxX:SESG) announced today that Dan Goldberg, President and Chief Executive Officer of SES NEW SKIES SES NEW SKIES, formerly New Skies Satellites (NSS), is a Dutch operator of communications spacecraft, owned by SES. On November 30, 1998, the Intelsat 703 spacecraft was transferred to New Skies’ control. New Skies operates this and four other spacecraft. , is leaving the company to pursue another professional opportunity. Andrew M. Browne, the CFO See Chief Financial Officer. of SES NEW SKIES, will serve as acting CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. until a successor to Mr. Goldberg will be appointed. Mr. Goldberg's departure will be effective as of September 15, 2006. Romain Bausch, President and CEO of SES GLOBAL, said: "SES would like to thank Dan for his valuable contribution to the integration of NEW SKIES into the SES Group over the last six months since the closure of the acquisition. We are on course to establish SES NEW SKIES as SES' third pillar infrastructure business by the end of this year and we are confident that SES NEW SKIES' world class team of professionals, combined with the deep resources of SES GLOBAL and the addition of the NSS-8 and NSS-9 satellites, will continue to achieve strong financial and operational performance for the foreseeable future." Dan Goldberg, the CEO of SES NEW SKIES, said: "It has been a great privilege for me to have assisted in the foundation of New Skies and to serve as its CEO over roughly the last five years and, more recently, as a member of the SES GLOBAL Executive Committee. I leave SES NEW SKIES in the midst Adv. 1. in the midst - the middle or central part or point; "in the midst of the forest"; "could he walk out in the midst of his piece?" midmost of another year of strong revenue and EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become growth and at a time when the integration of its activities into those of the other SES Group companies is well in hand." |
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