
Abu Dhabi, UAE, 30 June 2020: Al Yah Satellite Communications Company (Yahsat), the leading UAE-based global satellite operator, announced that its Board of Directors has appointed Andrew Cole as Chief Financial Officer (CFO). He will assume the position from 1 July onwards.
Andrew joins Yahsat soon after the company boosted its leadership with four Emirati executive appointments to lead its government, commercial, operational and technical business units.
Andrew has 25 years of cross-sector experience in senior finance, operational and advisory roles. From 2015 to 2019, he was the Group Financial Controller at SES, a company with a constellation of Geostationary and Medium Earth Orbit Satellites. His primary functions covered all aspects of Finance including Financial Planning, Governance, Risk (including satellite insurance) and Compliance, Accounting and Global Controlling operations. He has also worked for EY and KPMG London as an external auditor and business advisor to many global enterprises. His experience during his years in an external advisory role includes M&A and Financing, Corporate Restructuring, Commercial Planning, Tax, Treasury, Audit & Accounting as well as Risk Management.
Andrew is a Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW). He has an Executive MBA degree from Ecole Nationale des Ponts et Chauss es and a Post Graduate certificate in International Business from the University of Edinburgh.
He succeeds the current CFO, Balakrishnan Doraisamy, who will be retiring, having served Yahsat for almost 12 years. Balakrishnan will continue to be part of the company as Strategic Advisor.
Masood M. Sharif Mahmood, Chief Executive Officer of Yahsat, said, I am most happy to welcome Andrew into our midst as the new CFO of Yahsat. As we continue to intensify our expansion program across the globe, Andrew's wealth of experience, especially in the satellite sector, will be highly beneficial to us. He has an excellent record at all finance and operational leadership levels, and I am sure he will bring great value to Yahsat.
Andrew said, Yahsat is a young, ambitious company that has grown exponentially in a short span of time. I am delighted to join its dynamic leadership team at a most exciting phase, and thank the Board of Directors for the confidence they have placed in me. I look forward to working with its multicultural workforce, and together we aim to continue the legacy and deliver a strong future for the company.
About Yahsat
Yahsat is a leading fixed and mobile satellite services operator offering integrated satellite communications solutions to over 190 countries across Europe, the Middle East, Africa, South America, Asia and Australasia.
Yahsat's fleet of five satellites reaches more than two-thirds of the world's population, enabling critical communications including broadband, broadcasting, backhauling and mobility solutions. Yahsat provides a wide range of C, Ku, Ka, and L-band solutions for land, maritime and aero platforms to consumers, governments and enterprises. Its businesses consist of Yahsat Government Solutions, YahClick (Powered by Hughes), YahLink, Yahlive and Thuraya.
Yahsat is based in Abu Dhabi, UAE and is wholly owned by Mubadala Investment Company.
For more information, visit: www.yahsat.com; Follow us on Twitter: @yahsatofficial
More from Yahsat
19/06/2025
Designed for multipurpose land and maritime use, the Thuraya Mobile Broadband Ho...
21/05/2025
Space42's debut at CommunicAsia 2025 to demonstrate advances in satellite communications, Earth observation, and high-altitude connectivity tailored for Asi...
21/05/2025
GIQ platform developed by Space42 in partnership with the UAE Space Agency, powe...
20/05/2025
Space42 to establish new Synthetic Aperture Radar (SAR) satellite manufacturing ...
19/05/2025
The new High Altitude Platform Stations (HAPS) facility enables Mira Aerospace, ...
15/05/2025
Continued delivery across four strategic pillars provides foundation for multi-year scalable growth
Strong balance sheet, USD 895 million in cash and nearly US...
07/05/2025
Abu Dhabi, UAE [Date] Space42 (ADX: SPACE42), the UAE-based AI-powered Space...
12/03/2025
Abu Dhabi, United Arab Emirates, and Copenhagen, Denmark: 12 March 2025: Space42...
11/03/2025
Abu Dhabi, UAE and Carlsbad, California 12 March 2025 Space42, (ADX: SPACE42...
03/03/2025
Abu Dhabi, UAE 3 March 2025 Thuraya, the satellite mobility arm of Space42, has Introduced Thuraya One, an Android 14 smartphone with built-in satellite cap...
27/02/2025
Abu Dhabi, UAE, 27 February 2025: Space42 PLC ( Space42 or the Company ), the UAE-based AI-powered SpaceTech company that seamlessly integrates satellite comm...
19/02/2025
Collaboration enables long-term testing and evaluation support for HAPS platform...
18/02/2025
The AED 378 million contract between Space42's Bayanat Smart Solutions and EDGE's FADA will enhance the nation's geospatial capabilities over the ne...
17/02/2025
The joint venture will leverage Space42's and FADA's advanced technologi...
11/02/2025
Space42's debut at IDEX highlights AI-powered space technologys role in modern defense and security
The Space42 stand will have live demonstrations of mult...
15/01/2025
Foresight-1 and Foresight-2 will boost UAE's earth observation capabilities
Comprising the latest SAR technology in cooperation with ICEYE
Abu Dhabi, U...
04/01/2025
Thuraya 4 will provide more secure capacity, faster speeds, and wider coverage across Africa, Europe, Central Asia and the Middle East
Launching the busines...
17/12/2024
Abu Dhabi, UAE, 17 December 2024: Space42 (ADX: SPACE42), the UAE-based AI-power...
10/12/2024
Abu Dhabi, UAE - 10 December 2024 Space42's Thuraya 4 telecommunications satellite, built by Airbus, has reached its destination at the Kennedy Space Cent...
09/12/2024
- The strategic joint venture addresses the growing demand for SAR satellite ima...
19/11/2024
The appointment reflects Space42s commitment to building a dynamic market enviro...
11/11/2024
Space42 and the Ministry of Education launch SpaceTech educational campaign for ...
30/10/2024
The launch follows the successful implementation on 27 oil wells using an oil an...
28/10/2024
The multi-design, state-of-the-art Space42 Arena in Al Raha Beach, Abu Dhabi w...
01/10/2024
Space42 is a new, UAE-based AI-powered SpaceTech company with a global reach, in...
30/07/2024
Resilient first half performance with stable Normalised EBITDA and net income
Revenue, profitability and cash flow guidance reiterated for the full year
Abu D...
18/07/2024
Yahsat accelerates efforts to expand in Zimbabwe following agreement with Satcom...
10/06/2024
- Fully flexible, software-defined payloads will allow in-orbit reconfiguration of coverage area, capacity and communication frequencies
- Full programme cost...
24/05/2024
The certification underscores world-class standards of services at Yahsat's Abu Dhabi Teleport
Abu Dhabi, United Arab Emirates, 21 May 2024: Al Yah Satelli...
22/05/2024
EUTELSAT KONNECT satellite will enhance Yahsat's satellite network with mult...
14/05/2024
Highest ever Q1 revenue with Normalised EBITDA growth of 7%
Profitability, cash flow and capital expenditure guidance reiterated
Abu Dhabi, United Arab Emirat...
10/05/2024
Abu Dhabi, 10 May 2024: Further to our previous communications about the unexpec...
09/05/2024
The visit discussed potential for Yahsat to expand its presence in South Africa ...
25/04/2024
Bayanat AI PLC (ADX: BAYANAT), a leading AI-powered geospatial solutions provider, and Al Yah Satellite Communications Company P.J.S.C. (ADX: YAHSAT), the UAE...
23/04/2024
The merger will provide vertical integration potential and enhanced product offerings to capture regional and international opportunities for revenue growth and...
01/04/2024
Mr. Somani will oversee the development and implementation of the company's growth strategy and spearhead global strategic partnerships
Abu Dhabi, United A...
21/03/2024
- A circular was issued today setting both entities' General Assembly Meetin...
21/03/2024
- A circular was issued today setting both entities' General Assembly Meetin...
21/02/2024
The industry disruptive strategy is primed to transform the lives of billions of...
20/12/2023
Abu Dhabi, 20 December 2023: Further to the announcements made by Bayanat AI PLC...
20/12/2023
Abu Dhabi, 20 December 2023: Further to the announcements made by Bayanat AI PLC...
19/12/2023
The combination will bring together complementary capabilities to create a UAE-b...
27/11/2023
Yahsat's next-generation climate tech solutions to support efforts to mitiga...
21/11/2023
Asmira video compression technology delivers advanced capabilities to end users ...
16/11/2023
Yahsat's reliable and secure connectivity solutions to be installed on EDGE&...
15/11/2023
Dubai, 15 November, 2023: Bayanat (a leading provider of AI-powered geospatial s...
07/11/2023
Third quarter revenues grew 8% versus prior year, second highest on record
Nine-month revenues and Normalised EBITDA increased 3% underpinned by double digit g...
30/10/2023
The United Nations Global Compact (UNGC) is the world's largest corporate su...
23/10/2023
Service partnership agreement covers vital sectors including government, telemed...
17/10/2023
The innovative IoT Product provides tracking, locking and multiple sensing featu...