Telesat hires new CFO

Satellite service provider Telesat Holdings Inc. has named Andrew Browne as its new chief financial officer on Thursday, following the retirement of Michel Cayouette. 

Browne has financial experience in the satellite industry going as far back as at least 1995, according to a press release. That includes executive positions at SES most recently, as well as previously-held positions at O3b Networks, Intelsat, and New Skies Satellites, where he worked alongside Telesat’s current CEO, Dan Goldberg. 

“His vast financial experience in the satellite industry is without equal and Telesat will benefit immensely from that going forward, including in connection with the development of our revolutionary Low Earth Orbit satellite constellation,” Goldberg said in the release. 

Telesat was recently announced as the recipient of $85 million in federal funds to develop its low-earth orbit satellite program to help connect rural and remote parts of the country.