Asia Satellite Telecommunications Holdings Limited (AsiaSat – SEHK: 1135) has revealed that the current Executive Director, President and Chief Executive Officer of the company, William Wade, is going to retire from the firm, effective November 1st—Wade will remain as Senior Advisor of AsiaSat until March 31, 2017.
To succeed Mr. Wade will be Andrew Jordan who possesses more than 25 years of experience in the satellite industry. Jordan was the General Manager in the Marketing Department of AsiaSat from 1991 to 1993 and has held executive positions with several satellite operators. He led complex deal negotiations in China, Hong Kong SAR, Australia, Italy and the United Kingdom. He obtained a Bachelor’s degree in Chinese from London University’s School of Oriental and African Studies.
AsiaSat’s Chairman, JU Wei Min, said, “On behalf of the Board of Directors, I would like to express my sincere gratitude to Mr. Wade for his many years of dedicated and exceptional service. AsiaSat’s solid reputation in the industry and its strong commitment to quality and reliability are a credit to his leadership. We look forward to his contributions as Senior Advisor to assist in the leadership transition. I would also like to welcome back Mr. Jordan, who is an industry veteran with extensive experience, knowledge and contacts across the satellite communications, broadcast and telecom industries. We are confident that he has the strategic vision and experience to drive AsiaSat’s next phase of growth."