MUMBAI: Asia Satellite Telecommunications has announced the retirement of its executive director, president and CEO William Wade. He will serve his last day in the company on 1 November 2016 but will stay back as the senior advisor of AsiaSat until 31 March 2017.

Andrew Jordan will be appointed by the board to succeed Wade with effect from 1 November 2016. Jordan 56 has over 25 years of experience in the satellite industry. He was the general manager in the marketing department of AsiaSat from 1991 to 1993.

"On behalf of the Board of Directors, I would like to express my sincere gratitude to Wade for his years of dedicated and exceptional service. AsiaSat’s solid reputation in the industry and its strong commitment to quality and reliability are a credit to his leadership. We look forward to his contributions as the senior advisor to assist in the leadership transition,” said AsiaSat chairman JU Wei Min.

He further added, “I would like to welcome back Jordan, who is an industry veteran with extensive experience, knowledge and contacts across the satellite communications, broadcast and telecom industries. We are confident that he has the strategic vision and experience to drive AsiaSat’s next phase of growth.”

Jordan has held executive positions with several satellite operators, and has led complex deal negotiations in China, Hong Kong SAR, Australia, Italy and the United Kingdom. He obtained a bachelor’s degree from London University’s School of Oriental and African Studies.