SES appoints aerospace veteran as new finance chief, acquiring Intelsat, facing debt concerns

From Yahoo Finance: 2025-06-06 02:47:00

SES has named Elisabeth Pataki, a veteran in aerospace and defense, as its new finance chief, succeeding Sandeep Jalan. Pataki’s experience includes successful M&A finance integrations. SES, with over $5 billion in debt, is acquiring Intelsat for $3.1 billion to compete with Starlink, threatening traditional satellite operators’ financial stability. SES’s credit default swap spreads are at 235 basis points, reflecting investors’ concerns about debt obligations. The company secured financing for the Intelsat deal, awaiting approval from EU regulators.

Read more: Satellite firm SES taps aerospace veteran as new finance chief