Eutelsat Group Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Eva Merete Berneke

Chief executive officer

€2.2m

Total compensation

CEO salary percentage	29.1%
CEO tenure	2.3yrs
CEO ownership	n/a
Management average tenure	2.3yrs
Board average tenure	3.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Eva Merete Berneke's remuneration changed compared to Eutelsat Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	€72m
Sep 30 2023	n/a	n/a	€193m
Jun 30 2023	€2m	€650k	€315m
Mar 31 2023	n/a	n/a	€216m
Dec 31 2022	n/a	n/a	€117m
Sep 30 2022	n/a	n/a	€174m
Jun 30 2022	€2m	€325k	€231m

Compensation vs Market: Eva Merete's total compensation ($USD2.39M) is about average for companies of similar size in the UK market ($USD2.33M).

Compensation vs Earnings: Eva Merete's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Eva Merete Berneke (54 yo)

2.3yrs

Tenure

€2,236,931

Compensation

Ms. Eva Merete Sofelde Berneke is the Chief Executive Officer and Director of Eutelsat S.A. and Eutelsat Group (formerly known as Eutelsat Communications S.A.) since January 1, 2022 respectively. She serve...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Eva Merete Berneke	CEO & Director	2.3yrs	€2.24m	no data
Sunil Mittal	VP & Co-Chairman of the Board	less than a year	no data	no data
Christophe Caudrelier	Chief Financial Officer	1.4yrs	no data	no data
Massimiliano Ladovaz	Chief Operations Officer	less than a year	no data	no data
Manuel Serrano	Deputy Chief Technology Officer and Director of Operations	no data	no data	no data
David Bath	Chief Information Officer	less than a year	no data	no data
Joanna Darlington	Chief Communications & Investor Relations Officer	less than a year	no data	no data
Anne Carron	Chief Human Resources Officer	3.3yrs	no data	no data
Markus Fritz	Executive Vice President of Commercial Development & Strategic Partnerships	8.6yrs	no data	no data
Jean-Hubert Lenotte	Chief Strategy & Resources Officer	7.8yrs	no data	no data
Luis Tun	Global Executive Vice President	6.2yrs	no data	no data
Ghassan Murat	MD of Middle East office & VP of Business Development & Strategy	5.8yrs	no data	no data

2.3yrs

Average Tenure

54.5yo

Average Age

Experienced Management: ETL's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Eva Merete Berneke	CEO & Director	2.3yrs	€2.24m	no data
Sunil Mittal	VP & Co-Chairman of the Board	less than a year	no data	no data
Agnes Audier	Independent Director	7.5yrs	€112.69k	no data
Dominique D'Hinnin	Independent Chairman of the Board	7.5yrs	€286.19k	no data
Cynthia Gordon	Independent Director	4.5yrs	€79.76k	no data
Padraig McCarthy	Independent Director	less than a year	no data	no data
Piotr Dmochowski-Lipski	Board Observer	6.5yrs	no data	no data
Florence Parly	Independent Director	less than a year	no data	no data
Samuel Dalens	Representative Director	13.3yrs	€78.37k	no data
Fleur Pellerin	Independent Director	1.5yrs	€55.63k	no data
Esther Gaide	Independent Director	6.5yrs	€98.38k	no data
Elena Ciallie	Representative Director	less than a year	no data	no data

3.4yrs

Average Tenure

60yo

Average Age

Experienced Board: ETL's board of directors are considered experienced (3.4 years average tenure).

Eutelsat Group Management

Management criteria checks 3/4

Key information

Recent management updates

Eutelsat Communications SA Announces Directorate Changes

High number of new directors

Eutelsat Communications S.A., Annual General Meeting, Nov 23, 2023

Eutelsat Communications S.A. Appoints Christophe Caudrelier as Chief Financial Officer

Eutelsat Communications S.A. Approves Board Changes

Eutelsat Communications S.A. Announces Executive Changes

Recent updates

New major risk - Revenue and earnings growth

Eutelsat Communications SA Announces Directorate Changes

First half 2024 earnings released

Eutelsat Group Confirms End of Operations on EUTELSAT 113 West A Satellite

New major risk - Revenue and earnings growth

Eutelsat Group Provides Earnings Guidance for the for Fiscal Year 2023-24

Eutelsat Group to Report Fiscal Year 2024 Results on Aug 02, 2024

New major risk - Shareholder dilution

Investor sentiment deteriorates as stock falls 17%

Full year 2023 earnings released: EPS: €1.27 (vs €1.00 in FY 2022)

Eutelsat Communications and NationalChip Deliver Ground-Breaking Sat.tv Features on Popular Set-Top Box Chipset

High number of new directors

New minor risk - Earnings quality

New major risk - Revenue and earnings growth

Eutelsat Communications S.A. to Report First Half, 2024 Results on Feb 16, 2024

Full year 2023 earnings released: EPS: €1.27 (vs €1.00 in FY 2022)

An unknown buyer signed an agreement to acquire Bigblu Operations Limited/European broadband retail activities from Eutelsat Communications S.A. (ENXTPA:ETL).

An unknown buyer signed an agreement to acquire European broadband retail activities from Eutelsat Communications S.A. (ENXTPA:ETL).

Eutelsat Communications S.A. Provides Financial Guidance for the Full Year 2023

First half 2023 earnings released

Eutelsat Communications S.A., Annual General Meeting, Nov 23, 2023

Eutelsat Communications S.A. Appoints Christophe Caudrelier as Chief Financial Officer

Eutelsat Communications Launches EUTELSAT 10B Satellite

Investor sentiment deteriorated over the past week

Eutelsat Communications S.A. Approves Board Changes

Upcoming dividend of €0.93 per share

Investor sentiment improved over the past week

Eutelsat Communications S.A. Announces Executive Changes

Eutelsat Communications S.A. Provides Revenue Guidance for the Financial Year Ending June 2023

Investor sentiment deteriorated over the past week

Eutelsat Communications S.A. Announces Successful Launch of New-Generation EUTELSAT KONNECT VHTS Satellite

Eutelsat Communications S.A. Announces Step Down of Sandrine Téran as Chief Financial Officer

Full year 2022 earnings released: EPS: €1.00 (vs €0.93 in FY 2021)

Eutelsat Communications S.A. (ENXTPA:ETL) signed a Memorandum of Understanding to acquire remaining 74.87% stake in OneWeb for €2 billion.

Eutelsat Communications S.A. Proposes Dividend for the Financial Year 2021-22

Investor sentiment deteriorated over the past week

Eutelsat Communications S.A. to Report Fiscal Year 2022 Results on Aug 03, 2022

First half 2022 earnings: Revenues in line with analyst expectations

Investor sentiment deteriorated over the past week

Upcoming dividend of €0.93 per share

Full year 2021 earnings released: EPS €0.93 (vs €1.28 in FY 2020)

Investor sentiment improved over the past week

Full year 2021 earnings released: EPS €0.93 (vs €1.28 in FY 2020)

Eutelsat Communications Launches Eutelsat ADVANCE for End-to-End Managed Connectivity Services

Eutelsat Communications S.A. Revises Revenue Guidance for the Fiscal Year 2021

First half 2021 earnings released: EPS €0.60 (vs €0.60 in 1H 2020)

Revenue beats expectations

Eutelsat Communications S.A. Announces Management Changes

New 90-day high: €10.33

Eutelsat Communications S.A. Revises Revenue Guidance for the Full Year of Fiscal 2021

Eutelsat and TelOne (Pvt) Limited Sign Multi-service Agreement to Bring High Quality Broadband Connectivity to Zimbabwe

Esrevolution, Inc. Selects Eutelsat Communications’ 13° East Hotbird Position

Eutelsat’s konnect to Provide Connectivity Services to the Post Office Network in Côte d’Ivoire

Eutelsat Communications S.A.'s Konnect Ramps Up Retail Distribution of New Capacity Brought by Eutelsat Konnect Satellite

Viasat, Inc. (NasdaqGS:VSAT) entered into an agreement to acquire remaining 51% stake in Euro Broadband Infrastructure from Eutelsat Communications S.A. (ENXTPA:ETL) for €140 million.

TIM Commits to Capacity on Eutelsat Konnect and Konnect VHTS to Expand High-Speed Broadband Delivery

Eutelsat Communications Announces Successful Entry into Service of Its New-Generation EUTELSAT KONNECT High Throughput Satellite

Upcoming Dividend of €0.89 Per Share

New 90-day high: €9.53

Eutelsat Communications S.A. Appoints Pascal Homsy as Chief Technical Officer

Eutelsat Successfully Launches Sat.tv, Enhanced Electronic Program Guide for Free-to-Air Channels

Eutelsat’s HOTBIRD Selected by Kabelio for New Swiss HD Platform

Full year earnings released - EPS €1.28

Annual earnings released: Revenue beats expectations

Eutelsat Communications S.A. to Report First Half, 2021 Results on Feb 12, 2021

Eutelsat Communications S.A. Approves Dividend for the Financial Year 2018-19; Appoints Cynthia Gordon as Board Member

Azam TV Migrates Services to Eutelsat 7C with Multi-Year Contract Extension and Additional Capacity

CEO Compensation Analysis

CEO