Telesat Appoints Donald Tremblay as New CFO

Strategic Insights -

Telesat, a global satellite company, has announced the appointment of Donald Tremblay as its new Chief Financial Officer (CFO), effective October 20, 2025. Tremblay joins Telesat after serving as CFO of Champion Iron, a Quebec-based mining company, and has also held senior financial roles at TransAlta and Brookfield Renewable. His extensive experience in capital markets, mergers, and acquisitions will be invaluable to Telesat as the company continues to grow and expand its operations. The appointment comes as Telesat's current CFO, Andrew Browne, prepares to retire.

Key Takeaways:

  • Telesat has appointed Donald Tremblay as its new CFO, effective October 20, 2025, replacing Andrew Browne who will retire after a long tenure with the company.
  • Tremblay brings over 15 years of experience in publicly traded companies in high-growth, capital-intensive industries, with expertise in equity and debt capital market transactions, mergers and acquisitions, compliance, and risk management.
  • As CFO, Tremblay will leverage his experience to drive growth and expansion for Telesat, with a focus on capital markets, strategic partnerships, and risk management.
  • Tremblay's background includes serving as CFO of TransAlta and Brookfield Renewable, where he contributed to growing the company's market capitalization from $300 million to over $2.5 billion.
  • Andrew Browne, Telesat's outgoing CFO, has been with the company since 2019 and played a key role in securing funding for Telesat Lightspeed and transitioning the company to a public entity.
  • Telesat's CEO, Dan Goldberg, praised Browne's leadership, dedication, and professionalism throughout his tenure, acknowledging the critical role he played in shaping the company's financial foundation.

Statistics:

  • Telesat's current market capitalization is approximately $2.5 billion.
  • Andrew Browne has been with Telesat since 2019.
  • The appointment of Donald Tremblay as CFO will take effect on October 20, 2025.

Sources:

  • [Source: Telesat press release, exact wording: "Telesat hires Donald Tremblay as CFO".]