Enrico Palermo Appointed Virgin Galactic’s Chief Operating Officer
January 15 2020 - 9:00AM
Business Wire
Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“VG” or “the
Company”), a vertically integrated aerospace company, is pleased to
announce the appointment of Enrico Palermo as Chief Operating
Officer (COO), effective immediately. In this newly created role,
Enrico will be responsible for helping maintain efficiency and peak
performance across the enterprise as it develops as a public
company, and will lead the execution of specific company strategies
and initiatives.
Enrico currently serves as President of The Spaceship Company
(TSC), the wholly-owned aerospace manufacturing and development
subsidiary of VG. In this role, Enrico leads over 500 employees at
the company’s facilities in Mojave, California. He joined Virgin
Galactic in 2006 as one of its first employees. Enrico will
maintain his capacity of TSC President.
Enrico brings a wealth of experience including operations
leadership, engineering and technology knowledge, financial
analysis and business planning proficiency.
Commenting on the new appointment, George Whitesides, Chief
Executive Officer of Virgin Galactic, said:
“Enrico is perfectly suited to become our first Chief Operating
Officer. His deep knowledge of the organization, built over 13
years with the company, enables him to hit the ground running on
enterprise-wide goals. Over the years, Enrico has shown dedication
to Virgin Galactic’s mission and has been an inseparable part of
our success. On behalf of our Board, I am delighted to welcome
Enrico as our new COO.”
Enrico Palermo, Chief Operating Officer of Virgin Galactic,
commented:
“I am honored to accept this new role and continue to serve our
amazing team. In late 2008, as the flight test program for VMS Eve
was starting, I relocated with my family to Mojave from London to
establish TSC, and I am truly inspired by what we have achieved so
far. Taking on this new position at an exciting point in the
company’s history is incredibly important to me and I look forward
to making human spaceflight more accessible to all.”
About Virgin Galactic Holdings
Virgin Galactic Holdings, Inc. is a vertically-integrated
aerospace company pioneering human spaceflight for private
individuals and researchers. It believes the commercial exploration
of space represents one of the most exciting and significant
technology initiatives of our time. It is embarking on this
commercial exploration journey with a mission to put humans into
space and return them safely to earth on a routine, consistent and
affordable basis. Using its proprietary and reusable technologies,
and supported by a distinctive, Virgin-branded customer experience,
it is developing a spaceflight system designed to offer customers a
unique, multi-day experience culminating in a spaceflight that
includes several minutes of weightlessness and views of Earth from
space. It is in the final stages of development, having already
completed multiple crewed flights of its vehicle into space, and
anticipates initial commercial launch in 2020.
Forward-Looking Statements
This press release contains certain forward-looking statements
within the meaning of federal securities laws. 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
communication. You should carefully consider the risks and
uncertainties described in the “Risk Factors” section of the
registration statement on Form S-4 filed in connection with the
Business Combination and other documents filed by VG from time to
time with the SEC. These filings identify and address other
important risks and uncertainties that could cause 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.
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