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AsiaSat CEO Andrew Jordan stepping down

16 Apr 2018, 15:48 UTC
AsiaSat CEO Andrew Jordan stepping down
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WASHINGTON — Andrew Jordan, chief executive of regional fleet operator AsiaSat, resigned April 16 a year and a half after taking the position.
AsiaSat’s Roger Tong, who held the titles of chief technology officer as well as vice president of engineering and operations, will take Jordan’s position.
Jordan, at AsiaSat’s request, will continue as a senior advisor until the end of October. The company will pay him 429,500 Hong Kong dollars ($54,700) a month during that time, AsiaSat informed the Stock Exchange of Hong Kong April 16. Jordan will also receive an HK$8,675,000 resignation payment in addition to the monthly advisory service fees.
Jordan’s decision to leave “is to pursue other business interests,” AsiaSat said.
Tong has been at AsiaSat for 10 years, having previously worked as a technical consultant for Canadian fleet operator Telesat. He has 33 years of experience in the satellite and telecom industries, including stints at Com Dev International, a prominent component maker Honeywell purchased in 2015, and wireless equipment provider Allen Telecom.
AsiaSat is paying Tong a salary of HK$348,470 per month, plus discretionary bonuses up to 40 percent that salary and an award of shares under the company’s share award ...

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