Al Yah Satellite Communications Company (Yahsat), the leading UAE-based global satellite operator, announced that its Board of Directors has appointed Andrew Cole as Chief Financial Officer (CFO). He will assume the position from 1 July onwards.
Andrew joins Yahsat soon after the company boosted its leadership with four Emirati executive appointments to lead its government, commercial, operational and technical business units.
Andrew has 25 years of cross-sector experience in senior finance, operational and advisory roles. From 2015 to 2019, he was the Group Financial Controller at SES, a company with a constellation of Geostationary and Medium Earth Orbit Satellites. His primary functions covered all aspects of Finance including Financial Planning, Governance, Risk (including satellite insurance) and Compliance, Accounting and Global Controlling operations. He has also worked for EY and KPMG London as an external auditor and business advisor to many global enterprises. His experience during his years in an external advisory role includes M&A and Financing, Corporate Restructuring, Commercial Planning, Tax, Treasury, Audit & Accounting as well as Risk Management.
Andrew is a Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW). He has an Executive MBA degree from Ecole Nationale des Ponts et Chaussées and a Post Graduate certificate in International Business from the University of Edinburgh.
He succeeds the current CFO, Balakrishnan Doraisamy, who will be retiring, having served Yahsat for almost 12 years. Balakrishnan will continue to be part of the company as Strategic Advisor.
Masood M. Sharif Mahmood, Chief Executive Officer of Yahsat, said, “I am most happy to welcome Andrew into our midst as the new CFO of Yahsat. As we continue to intensify our expansion program across the globe, Andrew’s wealth of experience, especially in the satellite sector, will be highly beneficial to us. He has an excellent record at all finance and operational leadership levels, and I am sure he will bring great value to Yahsat.”
Andrew said, “Yahsat is a young, ambitious company that has grown exponentially in a short span of time. I am delighted to join its dynamic leadership team at a most exciting phase, and thank the Board of Directors for the confidence they have placed in me. I look forward to working with its multicultural workforce, and together we aim to continue the legacy and deliver a strong future for the company.”
Yahsat is a leading fixed and mobile satellite services operator offering integrated satellite communications solutions to over 190 countries across Europe, the Middle East, Africa, South America, Asia and Australasia.
Yahsat’s fleet of five satellites reaches more than two-thirds of the world’s population, enabling critical communications including broadband, broadcasting, backhauling and mobility solutions. Yahsat provides a wide range of C, Ku, Ka, and L-band solutions for land, maritime and aero platforms to consumers, governments and enterprises. Its businesses consist of Yahsat Government Solutions, YahClick (Powered by Hughes), YahLink, Yahlive and Thuraya.
Yahsat is based in Abu Dhabi, UAE and is wholly owned by Mubadala Investment Company.