Pedro Duque, new president of Hispasat

December 19, 2023

The Board of Directors of the Spanish satellite operator approved today his appointment to replace Jordi Hereu

The Board of Directors of Hispasat, Redeia's Spanish satellite communications operator, approved today the appointment of Pedro Duque as the company's new president. This decision came after an extraordinary Shareholders' Meeting in which the Sociedad Estatal de Participaciones Industriales (SEPI), a shareholder of Hispasat with 7.41%, proposed Pedro Duque as president of the operator, replacing Jordi Hereu.

Aeronautical engineer from the Technical University of Madrid (UPM), as an astronaut for the European Space Agency (ESA) he made two space flights in 1998 and 2003. From then until 2018, Duque continued to be linked to space, performing different functions, both management as operational, at ESA and as executive president of the private satellite company Deimos Imaging. Between 2012 and 2014 he was member of the board of AENA Aeropuertos, until its partial privatization. Between June 2018 and July 2021, the new president of Hispasat was Minister of Science and Innovation of the Government of Spain.

Pedro Duque now assumes a new professional challenge in continuity with his career, with the firm commitment to consolidate and increase the value of the company for both its shareholders and its country.

New members of the board

Likewise, the Board of Directors of Hispasat approved the appointment of two new members: Therese Jamaa, proposed by Redeia, and Carlos de la Cruz, proposed by CDTI. Jamaa is vice president of the Spanish Red Cross Foundation (since May 2022), member of the Board of Directors of Aigües de Barcelona (since June 2023) and member of the Diversity Advisory Committee of Caixabank (since December 2022). Carlos de la Cruz is an Industrial Engineer from the Polytechnic University of Madrid and Master’s degree in Business Management “International MBA” from Escuela de Negocios.

About Hispasat

Redeia’s satellite operator Hispasat is the main driver of innovation in the Spanish aerospace sector and is committed to helping citizens overcome the digital divide and promoting sustainable development of society. It is the main communications bridge between Europe and America as a provider of broadband and connectivity services through its companies in Spain and Latin America. In addition, it leads the dissemination and distribution of audiovisual content in Spanish and Portuguese, including the transmission of digital platforms for Direct Home Television (DTH) and High Definition Television (TVAD). These activities make it one of the world's leading companies by revenue in its sector.