Telesat names Donald Tremblay chief financial officer

Telesat Corp. has named Donald Tremblay as its new chief financial officer. Tremblay steps into the role as of Oct. 20, 2025, as Andrew Browne retires after working in the position since 2019. Tremblay was most recently the CFO of mining company Champion Iron, Telesat noted in a press release on his appointment Aug. 27. Tremblay previously held positions as CFO of TransAlta and CFO of Brookfield Renewable. “A highly experienced CFO, Mr. Tremblay brings over 35 years of financial expertise and leadership, including at publicly listed companies in high-growth, capital intensive industries. He has deep experience in equity and debt capital market transactions, mergers and acquisitions, compliance, and risk management,” Telesat said in the press release. “I’m excited to join Telesat at such a pivotal time,” Tremblay said in a statement from the company. “Telesat has a long history of innovation and a highly promising plan to grow its business. I’m eager to join the world-class team of professionals at Telesat and contribute to the company’s next phase of growth and value creation.” In the same release, Telesat CEO Dan Goldberg said the company is “deeply grateful to Andrew for his leadership, dedication, professionalism and collegiality throughout his tenure at Telesat. “He played a critical role in securing the funding required for Telesat Lightspeed and in laying the foundation as Telesat transitioned to a public company. We thank him for his dedication and vital contributions to the company and extend our very best wishes as he embarks on his well-deserved retirement.” Goldberg told analysts on its most recent quarterly financial call earlier this month that the company continues to make strong progress on its low-Earth orbit (LEO) satellite constellation, Telesat Lightspeed. Telesat’s consolidated revenues were $106 million, a decrease of 30 per cent from $152 million last year. Goldberg explained that the decline was largely due to reduced returns from several contracts, as well as increased competition. The decreased revenues impacted the company’s net income, which fell to $76 million, down 41 per cent from $129 million last year. news@thewirereport.ca With a file from The Wire Report’s archives.

Telesat names Donald Tremblay chief financial officer

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By Wire Report Staff
| August 27, 2025

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Telesat names Donald Tremblay chief financial officer

People | By Wire Report Staff | August 27, 2025

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