
Luxembourg, June 17, 2013 SES (NYSE Euronext Paris and Luxembourg Stock Exchange: SESG) announced today that the companys President and CEO Romain Bausch informed the Board of Directors that he plans to step down from his position at the next annual general meeting of shareholders in April 2014. In its meeting last week, the Board has appointed Karim Michel Sabbagh as the successor to Romain Bausch. Mr Sabbagh will join the company on September 1st as CEO Designate and, following a transition period, will officially take up the position of President and CEO on April 3, 2014.
Karim Michel Sabbagh, aged 49, 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 & Company which he joined in 1998. Mr Sabbagh was based in Dubai over the past 15 years. He is widely recognised for his vast expertise in the industry and for his focus on the emerging markets.
At Board and Chief Executive levels, Mr. Sabbagh has shaped and served the strategic agenda of global players in the communications, media and satellite sectors. He has led multinational teams in long-term, large-scale privatisations, international expansion, mergers and acquisitions, growth acceleration and strategy-based transformation programmes. He was also directly responsible for the structuring of global companies and played an essential role in building their capabilities over multi-year programmes.
Romain Bausch, who will turn 60 in July 2013, has been President and CEO of SES since 1995. Before joining the company, Mr 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 this year to the Board of Directors of SES, where he will continue to serve as a non-executive Director.
Ren Steichen, Chairman of the Board of SES, stated: Romains decision to retire as President and CEO will bring an end to an almost 20-year tenure during which the company grew from a European Direct-To-Home Satellite System with 4 satellites into a leading satellite industry player operating a global fleet of more than 50 satellites. Romains vision, leadership, exceptional institutional relationship-building and commitment to the company have enabled this outstanding achievement.
By appointing Karim Michel Sabbagh, the Board has ensured a strong succession and a flawless transition. Karims vast knowledge of our industry, his experience in the emerging markets as well as his management skills will further enable the companys growth potential. We are confident that, under Karims leadership, SES management and employees will continue to drive innovation and quality of service to support our customers and business partners and create shareholder value.
About Karim Michel Sabbagh
Born September 26, 1963, Mr. Sabbagh was a Senior Partner with Booz & Company, and served until recently as global and regional practice leader for Communications, Media and Technology along with other leadership forums at the firm which he joined in 1998. Mr Sabbagh was based in Dubai over the past 15 years. He is recognised for his vast expertise in the industry and for his focus on the emerging markets.
Prior to joining Booz & Company, Mr. Sabbagh served as the Regional Director of Operations & Strategy with Leo Burnett in the Middle East with direct market responsibility covering North Africa, the Middle East and part of Asia. He led the firms largest multi-national accounts cross-regionally, and was directly responsible for the business and institutional building. Among other things, he led the development of the firms media buying unit that was directly responsible for the planning and buying of advertising across all media channels, and which became an industry standard for all leading advertisers.
He holds a BBA with Distinction from the American University of Beirut, an MBA from the American University of Beirut, and a PhD with Honors in strategic management from the American Century University in New Mexico. He is a visiting professor in innovation and technology management and member of the Academic Council for the School of International Management at coles des Ponts ParisTech (Grandes Ecoles) in France.
Mr. Sabbagh became a non-executive director of the Board of SES and a member of its Audit and Risk Committee on April 7, 2011. He is a Canadian and Lebanese national who is married and has two sons.
About Romain Bausch
Born July 3, 1953, Mr Bausch has been President and Chief Executive Officer of SES since 1995, following a career in the Luxembourg civil service (Ministry of Finance). Before joining SES as its chief executive, Mr Bausch occupied key positions in the banking, media and communications sectors and spent a five-year term as a Director and Vice Chairman of SES. Mr Bausch is also Chairman of the Board of SES ASTRA, Vice Chairman of the Board of Directors of O3b Networks, and member of the Board of Solaris Mobile Ltd. Mr Bausch also serves as a Director of Fedil Business Federation Luxembourg and is a member of the Boards of Directors of Aperam, BIP Investment Partners and Compagnie Financi re La Luxembourgeoise. He graduated with a masters degree in economics (specialisation in business administration) from the University of Nancy. He holds an honorary doctorate from the Sacred Heart University in Luxembourg.
Mr Bausch was appointed to the SES Board of Directors on April 4, 2013. He is a Luxembourg national who is married and has two daughters.
About SES
SES is a world-leading satellite operator with a fleet of 53 geostationary satellites. The company provides satellite communications services to broadcas
Most recent headlines
06/10/2025
France T l visions, France's leading broadcaster, has received the 2025 EBU ...
04/09/2025
Monumental Sports & Entertainment (MSE), in collaboration with Dalet, has been a...
03/09/2025
In advance of the 2025 IBC Show, Sept. 12-15 at the RAI Amsterdam, Grass Valley has announced two new partners for its AMPP OS (Agile Media Processing Platform ...
03/09/2025
The Television Academy has announced the recipients of the 2025 Engineering, Science & Technology Emmy Awards honoring an individual, company or organization fo...
03/09/2025
TVU Networks has launched TVU MediaMesh, designed for cloud-based live production....
03/09/2025
LONDON Techex, a provider of live broadcast infrastructure solutions, will showcase expansive enhancements to tx darwin as well as new features for its tx.edge ...
03/09/2025
ELGIN, Ill. DTV Innovations said its MetaWright 3 ATSC 3.0 and DTV+ (formerly known as TV 3.0) solution now operates seamlessly on its latest OX-4 custom hardwa...
03/09/2025
WASHINGTON The Federal Communications Commission has issued a Public Notice that the agency hopes will accelerate the transition to NextGen TV, aka ATSC 3.0 and...
03/09/2025
3D artists are constantly prototyping.
In traditional workflows, modelers must build placeholder, low-fidelity assets to populate 3D scenes, tinkering and adju...
02/09/2025
By Jessica Herndon
One of the most exciting things about the Sundance Film Fes...
02/09/2025
June Squibb stars in Scarlett Johansson's Eleanor the Great, which was supported by Sundance Institute's Feature Film Program....
02/09/2025
Warsaw, Poland, September 01, 2025
Digital & AI
Hitachi Europe Ltd. and Bank P...
02/09/2025
TAGOS ships are ocean surveillance vessels that collect acoustic data to support the Navys anti-submarine warfare operations, essential for maintaining strategi...
02/09/2025
eds3_5_jq(document).ready(function($) { $(#eds_sliderM519).chameleonSlider_2_1({ content_source:......
02/09/2025
Big Data Panel Provides More Accurate Measurement
Data Than Ever Before
New...
02/09/2025
AMSTERDAM The director and sound supervisor for the music documentary Becoming Led Zeppelin, will attend a special screening and Q&A, Saturday Sept. 13 at the...
02/09/2025
HACKENSACK, N.J. LiveU has launched LiveU Nexus, a new cloud-native universal gateway for digital and IP-based workflows, enabling customers to create even more...
02/09/2025
Media playout provider PlayBox Neo has announced that it is working with AI-Media, a developer of AI-powered captioning technology, to integrate advanced automa...
02/09/2025
BYFLEET, England Remote camera systems specialist Camera Corps, part of the Videndum group, will launch its newest underwater camera system during IBC2025, Sep...
02/09/2025
As broadcasters and producers deploy IP, cloud and artificial intelligence technologies to more efficiently produce and deliver content to multiple different pl...
02/09/2025
For any trade show, innovation is key. An exhibition and conference will always attract visitors, but what keeps them coming back year after year is the ability...
02/09/2025
SAN FRANCISCO and BELIN Dolby Laboratories today unveiled Dolby Vision 2, its next evolutionary step in picture quality....
02/09/2025
At IBC 2025, DoPchoice reveals the Snapbag Barndoor Fit for the QuikPunch. Designed expressly to pair with Astera's latest LED Fresnel, it delivers even g...
02/09/2025
Zero Density, the global leader in virtual studio productions and on-air graphics solutions, will showcase its latest breakthrough technologies at IBC2025. With...
02/09/2025
Rise, the award-winning advocacy group for gender diversity in the broadcast and media technology sector, is delighted to announce Mimir and Saga, part of the F...
02/09/2025
AgileTV, an international television and video technology solutions company, has developed the TV platform that enabled Lowi to launch its first television serv...
02/09/2025
Broadcast Solutions, one of Europe's largest media systems integration groups, has implemented a transformation of the technical infrastructure and workflow...
02/09/2025
MwareTV, the leading cloud-based multi-tenant platform provider, will showcase its full implementation of Server-Guided Ad Insertion (SGAI) at IBC 2025 (Stand 5...
02/09/2025
Techex, a leading provider of live broadcast infrastructure solutions, will showcase expansive enhancements to tx darwin at IBC Show 2025 and debut new features...
02/09/2025
Clear-Com is proud to support the world-class productions of Alley Theatre, one of the oldest and largest nonprofit resident theatres in the United States. With...
02/09/2025
Dream Chip Technologies, a world leader in miniature and point-of-view cameras, has announced the launch of Atom Two Rainproof, to be unveiled at IBC 2025 (stan...
02/09/2025
LiveU, the global leader in IP-video solutions, has today announced the release of LiveU Nexus, a powerful cloud-native universal gateway for digital and IP-bas...
02/09/2025
Ikegami will demonstrate the newest additions to its range of broadcast quality television production equipment on stand 12.A31 at the 12-15 September Internati...
02/09/2025
Thum Mahr, systems integration specialist which is part of the Broadcast Solutions group, has delivered a third DHD audio console to News Broadcasting, part o...
02/09/2025
Broadcasting Center Europe (BCE), a leading European provider of media services, system integration and product development will proudly mark its 25th anniversa...
02/09/2025
X-Rite Joins Forces with Esko at Labelexpo Europe to Accelerate Packaging Lead T...
02/09/2025
Tuesday 2 September 2025
Current slide, 0 0, undefined1
0
Garsington Opera - Body of Work
Claudette Johnson,Three Women, installation view, Art on the Unde...
02/09/2025
Back to All News
Star-Studded Chinese-language Revenge Thriller The Resurrecte...
02/09/2025
Back to All News
Love Goes Up in Smoke!
Entertainment
02 September 2025
GlobalNetherlands
Link copied to clipboard
Netflix Unveils First Glimpse of Amste...
02/09/2025
Back to All News
Netflix Unveils Evolution of K-Unscripted: New and Returning H...
02/09/2025
Harmonic's cOS Virtualized Broadband Platform Powers Multi-Gigabit Speeds an...
02/09/2025
New gateway, orchestration, multiviewer and routing solutions along with AMPP in...
02/09/2025
This September, RT is delighted to support Culture Night, Dublin Theatre Festival, Limerick Jazz Festival, Dublin Fringe Festival and 17 other amazing arts and...
02/09/2025
RT and Virgin Media Television have today (Tuesday 2 September 2025) announced ...
02/09/2025
For more than a century, meteorologists have chased storms with chalkboards, equ...
01/09/2025
Monitoring audio and video content in today's increasingly complex media environment requires more flexibility than ever. Fortunately, broadcasters' ado...
01/09/2025
A football season unlike any other is taking shape in a conflicted broadcast environment where big-game producers are delivering unprecedented viewing experienc...
01/09/2025
Moving live pictures from place to place was once a feat so spectacular that the European Broadcasting Union invented the Eurovision Song Contest, which has bec...
01/09/2025
Back to All News
Netflix Expands Creative Asia at BIFF 2025, Nurturing New Voices in Film
Entertainment
01 September 2025
GlobalSouth Korea
Link copied to ...
01/09/2025
Back to All News
27 Nights Will Have Its World Premiere at the San Sebasti n Fi...