Inmarsat appoints new CEO

Inmarsat has announced the appointment of a new Chief Executive Officer, with former Nokia CEO Rajeev Suri set to take over the leadership of the company from incumbent Rupert Pearce on March 1st.

Mr Suri has been appointed by the consortium of businesses that acquired Inmarsat for $3.4 billion in 2019, including Apax Partners, Warburg Pincus and the Canada Pension Plan Investment Board, which took the firm private after more than 14 years as a public company listed on the London Stock Exchange.

Mr Suri’s most recent role was as President and CEO of Nokia, a position he held for six years. Prior to that, he was the CEO of Nokia Siemens Networks, a joint venture company that merged Nokia’s and Siemens’ networks businesses. Since stepping down from Nokia in August 2020, Mr Suri has worked in senior advisory roles with private equity firms Warburg Pincus (part owner of Inmarsat) and Apollo Global Management.

During his time with the Finnish communications giant, he led the company to become one of the top two global players in telecoms infrastructure, increasing profits from €28 million in 2009 to over €2 billion in 2019, and spearheaded a consolidation drive within the network infrastructure sector, which reduced from ten players to three major players.

Mr Suri most recently led Nokia’s development of 5G infrastructure and diversification into new business areas before leaving the company, including the creation of an independent telecom software business.

“I am very excited to join Inmarsat, and to work closely with such skilled people, at such an important moment for the company and the satellite communications industry as a whole,” he said.

“I have been very impressed by the capabilities and ambitions of the company and its partner community and wish to pay tribute to their ethos, drive and ingenuity. Together, they have established technology leadership in satellite mobility, underpinned by a unique understanding of the customer.”

Outgoing CEO Mr Pearce has been in the role since January 2012, having joined Inmarsat in January 2005 as Group General Counsel before serving as Senior Vice President of Inmarsat Enterprises between 2009 and 2011. Inmarsat has confirmed that he has been retained to provide advisory services to Mr Suri for a transitional period following the switch.

“Inmarsat has established itself as world leader in space technology and I feel privileged to have worked with such a dedicated and talented group of people during my time at the company. I wish Rajeev and the company the very best for the exciting future ahead,” Mr Pearce said.

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