Investing.com -- Shares in French satellite telecommunications operator, Eutelsat (ETL), fell 5% following the announcement of a change in the company’s leadership.

Eva Berneke, who has been at the helm of the company for two years, will step down from her role as CEO.

Berneke’s replacement has been announced as Jean-François Fallacher, the current CEO of Orange France.

Fallacher will assume his new role at Eutelsat starting from June 1. The company has not provided further details about the leadership transition at this time.

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