Intelsat CFO announces retirement

Intelsat’s chief financial officer, Jacques Kerrest, has announced plans to retire after staying on through the spring until a successor is appointed.

Jacques Kerrest

Kerrest joining Intelsat in February 2016 and played a key role in completing Intelsat’s US$15.5 billion in debt and equity transactions, helping to achieve an improved capital structure for the company.

“On behalf of the company and the management team, I’d like to thank Jacques for his leadership and many contributions during his tenure,” said Intelsat chief executive officer, Stephen Spengler.

“Jacques’ expertise in capital markets and strategic engagement with debt and equity investors enhanced Intelsat’s position as a respected issuer.

“One result of his contributions, our improved capital structure, provides us the flexibility that positions us to execute our business strategies. We wish Jacques well as he pursues his personal goals during his well-earned retirement.”