Island space company ManSat has strong potential for the future says the man who has taken over as new chief financial officer.
Ian Sanders replaces Ian Jarritt, who has retired after 14 years working with the company.
ManSat is a Manx registered and Manx owned private limitedheadquartered in Douglas.
It provides specialist regulatory services to international satellite operators.
Mr Sanders, an economist and chartered accountant by training, is an independent consultant to companies in the telecoms, media and technology (TMT) sectors.
Mr Sanders said: ‘ManSat is a great company with strong potential.
‘I believe that it provides an excellent example of how Isle of Man-based businesses can succeed in highly competitive and fast moving international industries.
‘I look forward to working closely with Chris Stott (ManSat chairman and chief executive officer) and the rest of the ManSat Board to help take the company to great heights.’ Mr Stott said: ‘Ian Jarritt has made a very significant contribution in working with ManSat to achieve what many thought was impossible for the island.
‘Fortunately for us, he is not severing all connections with the company as he joins us as a non-executive director of our main board.
‘Ian Jarritt is a hard act to follow, so we are delighted to be able to announce that Ian Sanders has agreed to work with us.
‘His wide international TMT (Telecom,media and technology) experience in areas such as economic regulation, strategy and business planning, financial management and the management of complex services contracts will be invaluable to us as we work to take ManSat to the next stage of its development.
‘We have achieved a lot since Ian Jarritt started working with us and this is just the beginning of what is a very bright future for the company and for the island’s space sector.’
Mr Jarritt said: ‘I am proud to have played a role in what ManSat has achieved over the last 14 years. I think ManSat has great potential for continued profitable growth and I am pleased to be continuing my connection with the company in my new role as non-executive director at a time when so many exciting things are happening in the global and, indeed, the Isle of Man space industries.’
Before becoming an independent consultant, Mr Sanders spent more than 20 years with the professional services firm PwC, and its consulting business PwC Consulting, where he was a TMT strategy consulting partner and was based at various times in the Isle of Man, London, Hong Kong, Abu Dhabi and Beijing, working on consulting projects in more than 20 countries worldwide.