[Via Satellite 10-20-2015] Intelsat Chief Financial Officer (CFO) Michael McDonnell is leaving Intelsat to accept a CFO position at another public company. McDonnell’s resignation is effective mid-December.
As CFO at Intelsat, McDonnell has been responsible for the company’s financial operations, including the accounting, treasury, financial planning, tax, investor relations, corporate development and information technology functions. He joined Intelsat in November 2008.
“Mike successfully led a number of strategic initiatives during his tenure at Intelsat, including our Initial Public Offering (IPO) in April 2013 and the major reorganization of our capital structure in 2011. We thank him for his contributions to Intelsat over the past seven years, and we wish him the best in his future endeavors,” said Stephen Spengler, CEO of Intelsat.
Intelsat has initiated an external search for a successor CFO.