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Press Release

Starsem: Annual general meeting of shareholders; renewal of the board of directors.

Evry, July 8, 2009

The shareholders in Starsem (EADS Astrium, Russian space agency Roskosmos, TsSKB-Progress/Samara Space Center and Arianespace) held the company’s Annual General Meeting on Wednesday, July 8, 2009 in Paris.

During the meeting they approved the financial statements for the fiscal year ended December 31, 2008, which saw the launch of the second precursor satellite for the Galileo constellation, Giove-B. Starsem posted sales of 42.88 million euros and reach break-even for the year.

The Annual General Meeting of Shareholders also appointed the following directors:

• François Auque
• Alain Charmeau
• Alexandre Kiriline
• Jean-Yves Le Gall
• Boris Melioransky
• Victor Nikolaev
• Jean Max Puech
• Victor Remichevsky.

Following the Annual General Meeting, the Starsem Board of Directors met and appointed Jean-Yves Le Gall as Chairman and CEO of the company, concurrently with his position as Chairman and CEO of Arianespace. Victor Nikolaev was named Chief Operating Officer of the company.

Starsem plans to carry out four launches in the coming months, on behalf of Arianespace, to orbit 24 satellites for the Globalstar 2 constellation. It will also launch the MetOp 2 satellite for Eumetsat.

Starsem is actively working with Arianespace to prepare for the operation of Soyuz launchers from the Guiana Space Center in French Guiana.

• Cliquez ici pour consulter le communiqué de presse en français (86 Kb. PDF)