Virgin Galactic Announces Doug Ahrens as Chief Financial Officer
February 25 2021 - 6:45AM
Business Wire
Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic”),
a vertically integrated aerospace and space travel company, today
announced the appointment of Doug Ahrens as its new Chief Financial
Officer, effective March 1, 2021. Ahrens will succeed Jon Campagna,
who is stepping down as Chief Financial Officer following Virgin
Galactic’s successful transition from private to public
company.
Michael Colglazier, Chief Executive Officer of Virgin Galactic,
said, “I’m thrilled to welcome Doug Ahrens to the Virgin Galactic
team. Doug’s deep experience helping global manufacturing companies
scale and grow, combined with his tremendous capital markets and
M&A expertise, will be incredibly valuable as we expand our
production capabilities and work to monetize the business. Doug is
an excellent leader and developer of talent with a proven track
record in building and sustaining growth. I look forward to
partnering with him as we continue to execute against our
strategy."
Colglazier continued, "I’d like to thank Jon on behalf of the
entire Virgin Galactic team. Jon has been our CFO during our
transition from private to public company and helped build
excellent relationships with the investment community. He leaves us
with a strong balance sheet at a time when the company is
well-positioned for future growth. We wish him the best in all his
future endeavors."
“I’m very excited to join Virgin Galactic at such a significant
time in the company’s journey,” said Ahrens. “I look forward to
being a part of this exceptional team as it makes history in the
evolution of human spaceflight.”
Ahrens is a seasoned executive with over 25 years of operational
and strategic finance experience at multinational corporations. He
has led global teams at rapidly growing public and privately held
companies in complex technology and manufacturing environments.
Ahrens most recently served as CFO at Mellanox, a public company
in the semiconductor industry, where he was responsible for all
finance functions until the successful acquisition by NVIDIA
Corporation in 2020. Prior to Mellanox, Ahrens served as CFO for
GlobalLogic, a large software engineering company, where he led the
finance, IT, and legal teams to support the rapid growth of the
business.
Earlier in his career, Ahrens spent over a decade at Maxim
Integrated Products, leading financial planning and coordinating
M&A activities. Prior to that he served in a variety of
financial roles at Intel Corporation for six years and as an
Environmental Engineer at Chevron Corporation. Ahrens holds a
bachelor’s degree in Mechanical Engineering from the University of
California, San Diego and an MBA from the Harvard Business School.
He also has an active CPA license in California, as well as a
private pilot license.
About Virgin Galactic Holdings
Virgin Galactic Holdings, Inc. is a vertically integrated
aerospace and space travel company, pioneering human spaceflight
for private individuals and researchers, as well as a manufacturer
of advanced air and space vehicles. It is developing a spaceflight
system designed to offer customers a unique and transformative
experience. You can find more information at
https://www.virgingalactic.com/
Forward-Looking Statements
This press release contains certain forward-looking statements
within the meaning of federal securities laws with respect to
Virgin Galactic Holdings, Inc. (the "Company"), including
statements regarding the Company’s spaceflight systems, markets and
expected performance. These forward-looking statements generally
are identified by words such as “believe,” “project,” “expect,”
“anticipate,” “estimate,” “intend,” “strategy,” “future,”
“opportunity,” “plan,” “may,” “should,” “will,” “would,” and
similar expressions. Forward-looking statements are predictions,
projections and other statements about future events that are based
on current expectations and assumptions and, as a result, are
subject to risks and uncertainties. Many factors could cause actual
future events to differ materially from the forward-looking
statements in this presentation, including but not limited to the
factors, risks and uncertainties regarding the Company's business
described in the documents filed by the Company from time to time
with the Securities and Exchange Commission (the "SEC"). These
filings identify and address other important risks and
uncertainties that could cause the Company’s actual events and
results to differ materially from those contained in the
forward-looking statements. Forward-looking statements speak only
as of the date they are made. Readers are cautioned not to put
undue reliance on forward-looking statements, and, except as
required by law, the Company assumes no obligation and does not
intend to update or revise these forward-looking statements,
whether as a result of new information, future events, or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20210225005297/en/
For media inquiries: Aleanna Crane - Vice President
Communications Virgingalacticpress@virgingalactic.com +44 [0]
7395604549
For Investor Inquiries: Seth Zaslow - Vice President
Investor Relations Seth.zaslow@virgingalactic.com
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