June 29, 2012

Annual General Meeting of Starsem Shareholders appoints new Board of Directors

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The Annual General Meeting of Shareholders of Starsem, on Friday, June 29, 2012 in Paris, approved the company's financial statements for 2011.

It also named a new Board of Directors, which renewed the terms of Jean-Yves Le Gall as Chairman and CEO, and Victor Nikolaev as Chief Operating Officer.

Holding their Annual General Meeting in Paris on Friday, June 29, the shareholders of Starsem (Astrium, Russian space agency Roscosmos, Samara space center TsSKB-Progress and Arianespace) congratulated the company’s teams for the two Soyuz launches carried out in 2011 from Baikonur, for Globalstar. These were the 23rd and 24th successful missions performed by Starsem.

The shareholders also paid tribute to the first two launches of Soyuz from the Guiana Space Center, both completely successful, which opened a new chapter in the history of space exploration. For 2012, the shareholders noted preparations for the two upcoming Starsem launches, which will orbit Eumetsat’s Metop-B satellite, and six more satellites for the Globalstar constellation. The Annual General Meeting of Shareholders also appointed a new Board of Directors, which renewed the terms of Jean-Yves Le Gall as Chairman and CEO, and Victor Nikolaev as Chief Operating Officer.

Assemblée Générale des actionnaires Réunion du Conseil d’Administration
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