Inmarsat is to restructure itself, getting rid of the brands that it has acquired over the years and bringing them all under the Inmarsat umbrella.
Under the plan, which was set out in a letter to the company’s commercial partners and will come into…
Inmarsat is to restructure itself, getting rid of the brands that it has acquired over the years and bringing them all under the Inmarsat umbrella.
Under the plan, which was set out in a letter to the company’s commercial partners and will come into effect on 1 January 2012, Inmarsat is to cease operating the Inmarsat Global, Stratos Global, Segovia and Ship Equip businesses. These will all be aligned under the Inmarsat brand name and in their place the company is to establish four market-oriented units focussed on different market verticals – Maritime, US Government, Global Government and Enterprise.
An Inmarsat spokesperson said that the move was more of a management reorganisation, pulling together the elements of the acquisitions over the last three years. Indeed, the timing of the restructuring coincides with Rupert Pearce assuming the role of CEO and Andrew Sukawaty moving to executive chairman.
Jim Parm, the former president of Inmarsat Solutions, the company’s direct and indirect distribution business which controlled the acquisitions, is to lead the new market-oriented units with Frank Coles as president of the maritime unit, Mike Wheeler, president of the US Government business, and Ronald Spithout, president of both the Inmarsat Government and Inmarsat Enterprise.
In addition, Ruy Pinto will be responsible for the group’s technology functions as its CTO, while a commercial and sales support division under Padraig Dowd will provide cross-business unit support.
The spokesperson added that the restructuring will not impact on the company’s existing debt as the company merged its separate capital structures for its wholesale (Inmarsat Global) and distribution (Inmarsat Solutions) businesses into a single structure last year.
