Inmarsat announces new CFO

21 February 2014

Inmarsat announces that Tony Bates will join the company on 2 June as an executive director and its Chief Financial Officer.

Mr Bates is an experienced senior finance and business professional. He has been the Group CFO of hibu (previously Yell Group Plc) since November 2010. He played a leading role in the multi billion pound refinancing of the Group’s capital structure and in the delivery of a much lower cost operating model. Prior to hibu, he was Chief Operating Officer of Colt Group S.A., the pan-European business telecoms operator, where he was responsible for the Finance function from 2003 to 2009. His previous senior management experience was mainly with EMI Group plc, latterly as Group Finance
Director.

Mr Bates took a First Class BSc in Management Sciences at the University of Manchester Institute of Science and Technology. He is a Fellow of the Institute of Chartered Accountants in England and Wales.

Rupert Pearce, Inmarsat’s CEO said “I am delighted to welcome Tony to the Inmarsat management team. Tony brings with him a wealth of operational and financial experience from a diverse range of businesses and industries, which will be of great benefit to Inmarsat as we continue to grow and develop our activities. I have no doubt that Tony will make an important contribution to the success of Inmarsat in the coming years and I very much look forward to working with him.”