Steve Collar will step down as CEO of SES, effective at the end of June 2023. to pursue other professional and personal endeavours.
Ruy Pinto, currently Chief Technology Officer of SES, will assume the role of CEO until a permanent successor is announced.
Frank Esser, Chairman of the SES Board of Directors, said, “We would like to thank Steve for his significant contribution to SES over a period of more than 20 years. As CEO, Steve successfully steered SES, leaving the business in a strong position for the future with a differentiated multi-orbit capability, world-class set of customer solutions, a simplified and market-centric organisation, and a strong balance sheet set to be further strengthened from the execution of C-band clearing. The current market environment is rapidly changing, and I welcome Ruy Pinto, who leads over half of the SES workforce today and has substantial industry experience, as we address the challenges and capture further opportunities in the market. The Board has full confidence in Ruy and our management’s engagement on continued strong execution as we embark on a new phase of success for SES.”
Steve Collar commented, “It has been the greatest honour of my life to lead the incredible people at SES. SES has been the benchmark in the industry for decades and I leave the company as its leader and go back to being a huge supporter, admirer and fan and will be cheering Ruy and the Management Team on from the side-lines. With O3b mPOWER launching, the company performing well and C-band all but delivered, the future is bright, and I wish the Board and everyone at SES every success.”