Romain Bausch has confirmed he will soon stand down as the Chairman of the SES Board.
In a letter to shareholders within the company’s latest Annual Report, he said, “I have been at the helm of the company for 25 years, firstly as CEO and latterly as Chairman and with the company now entering an exciting period of transformation under Steve Collar’s leadership and with a newly invigorated and streamlined Board, I consider it to be the right time to pass the baton to a new Chair in the renewed Board. It has been a true privilege to serve SES in these different roles and I want to thank our shareholders for their continued support.”