Thuraya Appoints Chenel CFO

Wednesday, October 19, 2011

Thuraya Telecommunications Company, the leading international mobile satellite services (MSS) operator has announced the appointment of Patrick Chenel as Chief Financial Officer.  In addition to leading Thuraya’s financial management, planning and reporting functions, he will also be responsible for maintaining and developing the Company’s relationships with the relevant financial institutions and strategic suppliers across the globe. Prior to joining Thuraya, Patrick was the Chief Financial Officer for the real estate arm of the Qatar Investment Authority, Qatari Diar. He began his career with Alcatel in 1989, holding a number of various senior positions in the finance area. Patrick has extensive experience overseeing business performance and strategic growth initiatives through his various international assignments in the UAE, Qatar, Canada, China, and France. Thuraya’s CEO, Mr. Samer Halawi, says,”Patrick combines an excellent and reputable background as a CFO with international experience, and a broad background in the telecom industry.  This remarkable combination makes him a valuable addition to our team”. Mr. Halawi added that the new CFO will play a leading role in the current strategic and business initiatives, while also ensuring that we will continue to build on our solid relationships with investors and the financial community, confirming our position as a leading international MSS operator. Patrick’s appointment comes following the departure of Mr. Mohammed Sharaf, a long-time Thuraya CFO, earlier this year. Thuraya is the market leader in mobile satellite handhelds with 65% market share within its 140 country coverage area spanning Europe, Africa, Middle East, Asia and Australia. The Company has an integrated portfolio of industry-leading high speed data, voice, maritime and tracking products that are known for their reliability, versatility, and affordability. These include the world’s smallest and fastest satellite broadband solution to support streaming at 384 kbps, Thuraya IP, and the only satellite handheld with full walk and talk capability, Thuraya XT.   
 

Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Vale Profit Falls Amidst Record Output

Brazilian miner Vale SA posted a sharp decline in profit from the previous quarter as lower iron ore prices undermined record production of the steel-making ingredient.

FERC Approves Freeport LNG Export Project

U.S. federal regulators on Wednesday approved construction of Freeport LNG Development LP's liquefied natural gas export project in Texas. Freeport is the third U.

ISC Profit Slip in Q2 2014 but Pay Dividend

International Shipholding Corporation (ISC) has announced financial results for the quarter ended June 30, 2014, summarized here: Net Loss he Company reported a net loss of $664,

People in the News

Vale Profit Falls Amidst Record Output

Brazilian miner Vale SA posted a sharp decline in profit from the previous quarter as lower iron ore prices undermined record production of the steel-making ingredient.

FERC Approves Freeport LNG Export Project

U.S. federal regulators on Wednesday approved construction of Freeport LNG Development LP's liquefied natural gas export project in Texas. Freeport is the third U.

ISC Profit Slip in Q2 2014 but Pay Dividend

International Shipholding Corporation (ISC) has announced financial results for the quarter ended June 30, 2014, summarized here: Net Loss he Company reported a net loss of $664,

SatCom

Globecomm to Provide VSAT for PBJV Barge

Purpose-built accommodation and pipe-lay barge on charter to Petronas equipped with VSAT and L-Band services. Globecomm Maritime has been awarded a contract

LiveCom Selects iDirect Evolution to Enable Global Expansion

iDirect Asia Pte Ltd today announced that LiveCom Limited (“LiveCom”), a Hong Kong based ISP, has selected Evolution as the platform to help enterprise and government

MTN Lands Cruise Line SatCom Contracts

MTN Communications (MTN) says that three cruise operators around the world have selected the company for its passenger, crew, corporate communications and content services.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Port Authority Salvage Ship Repair Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1694 sec (6 req/sec)