Intelsat CFO to step down

Mike McDonnell

Intelsat’s chief financial officer, Michael McDonnell, is due to step down in mid-December after seven years at the company.

The satellite operator said that McDonnell, who helped oversee its initial public offering in April 2013 and the major reorganisation of its capital structure in 2011, is leaving to work at another public company and that it has started an external search for his successor.