Ottawa’s Telesat hires satellite industry vet Andrew Browne as new CFO

andrew browne
Telesat's new CFO Andrew Browne.

Telesat CEO Dan Goldberg is turning to a familiar face to run finances at his company as it enters year No. 51 in business.

Ottawa-based Telesat announced this week that Andrew Browne, a veteran of the satellite industry, has been appointed the company’s new chief financial officer. The Irish national will work out of the company’s Elgin Street headquarters and replace Michel Cayouette, the firm’s CFO since 2008, who announced in May he would be retiring.

Browne brings financial experience with a range of satellite companies to his new role at Telesat.

His work has seen him run the books at satellite firms including Intelsat and later New Skies, managing that company’s IPOs and acquisitions. He later rejoined the firm after it became a subsidiary of satellite owner and operator SES, where he has served as CFO of the company on and off for the past decade.

Browne’s time at New Skies overlapped with Goldberg’s tenure as CEO of the firm. In a statement, Ottawa’s 2019 CEO of the Year expressed his excitement to work with Browne once again.

“His vast financial experience in the satellite industry is without equal and Telesat will benefit immensely from that going forward,” Goldberg said in a statement. “Having worked closely with Andrew for many years prior to my joining Telesat, I have great confidence that he will contribute significantly to the company’s success.”

Browne’s business acumen extends beyond the satellite industry as well. He has served in financial and advisory roles at companies such as Advanced Micro Devices in Silicon Valley and Tom Tom in Amsterdam as well as the Development Bank of Ireland.