Luxembourg - Jun 17, 2013 - SES President and CEO Romain Bausch will step down from his position at the next annual general meeting of shareholders in April 2014. In its meeting in June 2013, the board appointed Karim Michel Sabbagh Bausch. Sabbagh will join the company on Sept. 1 as CEO designate and, following a transition period, will officially take up the position of president and CEO on April 3, 2014.
Sabbagh has been a member of the board of directors of SES as well as of its Audit and Risk Committee since April 2011. Until recently he was a senior partner and served as global and regional practice leader for communications, media and technology along with other leadership forums at Booz and Company, which he joined in 1998. Sabbagh was based in Dubai over the past 15 years.
Bausch, who will turn 60 in July 2013, has been president and CEO of SES since 1995. Before joining the company, Bausch had a distinguished career in the Luxembourg Ministry of Finance and occupied key positions in the banking, media and communications sectors. He was appointed in April 2013 to the board of directors of SES, where he will continue to serve as a non-executive director.
SES is a satellite operator with a fleet of 53 geostationary satellites. The company provides satellite communications services to broadcasters, content and Internet service providers, mobile and fixed network operators and business and governmental organizations worldwide.