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Mon 26 Nov 2018 09:29 AM

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OSN appoints Patrick Tillieux as new CEO

The new CEO takes over from Martin Stewart, who has left the company to pursue another opportunity outside the region

OSN appoints Patrick Tillieux as new CEO

OSN has appointed Patrick Tillieux as its new chief executive officer, OSN chairman Faisal Al Ayyar announced on Sunday.

The appointment is effective immediately, OSN said in a statement.

Tillieux has been on OSN’s board for two years and is chairman of its executive committee.

Previously, Tillieux helped build pay TV operations in Europe over a long career in several areas of OSN’s business, as well as with cable and telecoms companies. He first worked in the Middle East region in 1981.

“I am honoured to have been selected as OSN’s new CEO,” he said in a statement. “As member of the board it has been a privilege to witness firsthand the quality of OSN’s people and assets.”

Tillieux added that he hopes to steer “OSN’s energy towards renewed growth and ever improved engagement with customers.”

“I believe that OSN is uniquely positioned in the region to offer high quality innovative services that will make a real contribution to fulfilling customers’ desires,” he said.

OSN’s previous CEO, Martin Stewart, is leaving the company to pursue another opportunity outside the Middle East.

OSN chairman Faisal Al Ayyer said that, under Stewart’s leadership, OSN “significantly improved its operations and embedded a customer first approach.”

“He has also enhanced the company’s digital and technology capabilities to better serve customers,” he said.

Earlier in November, it was announced the Kuwait Projects Company (KIPCO) hired bankers to sell its 60.50 percent stake in OSN, which is otherwise known as Panther Media Group Limited. 

OSN, which is registered in DIFC, has two shareholders - KIPCO and Saudi investment firm Mawarid Group Limited. 

KIPCO’s move comes after its pay TV subsidiary witnessed a 10 percent drop in Q3 revenue compared to the same period in 2017.