Virgin Galactic Announces Board Changes
18 Fevereiro 2022 - 8:45AM
Business Wire
Chamath Palihapitiya Steps Down from Board of
Directors
Board Appoints Evan Lovell as Interim Chair
Virgin Galactic Holdings, Inc. (NYSE: SPCE) (the “Company” or
“Virgin Galactic”) announced today that, effective immediately,
Chamath Palihapitiya will step down as chairman and as a member of
its Board of Directors to focus on other public company board
commitments. As part of the announcement, the Board appointed
Director Evan Lovell as Interim Chairman until a new chair is in
place.
Lovell has served on Virgin Galactic’s Board since 2017 and is
the Chief Investment Officer of the Virgin Group. He is a seasoned
private equity investor and operator, having invested and
participated in global private equity and M&A over the past 20
years, working previously at TPG Capital and Culligan
International.
Virgin Galactic CEO Michael Colglazier said: “Chamath was
instrumental in the launch of Virgin Galactic as a public company
and, as our inaugural chair, his deep and astute insights have been
incredibly valuable to both me and the Company as we have grown and
strengthened our business foundation. We’ve always known the time
would come when he would shift his focus to new projects and
pursuits. I’m grateful for everything Chamath has done for our
company and wish him all the best.”
The Board has retained executive search firm Spencer Stuart to
conduct a thorough and expeditious search process.
Lovell said: “Chamath has worked tirelessly to lead the Board
through a critical period as Virgin Galactic prepared for
commercial service. As we approach this milestone, I am confident
the Company has the right leadership team in place and is on the
right path to grow and scale the business. With the support of my
fellow directors, I am honored to serve in this role as we work to
find a new chairperson.
Palihapitiya joined Virgin Galactic’s board as its first
Chairman when the Company went public in 2019.
Palihapitiya said: “It has been an honor to help guide Virgin
Galactic through some of its greatest milestones to date, including
taking the company public, building a strong capital base for
future growth, and assembling a best-in-class management team to
bring the company to even greater heights. As I close this chapter
in order to focus on other existing and upcoming public board
responsibilities, I am proud to leave the team in such capable
hands and I look forward to watching their success for years to
come, and one day flying to space with them.”
About Virgin Galactic Holdings
Virgin Galactic is an aerospace and space travel company,
pioneering human spaceflight for private individuals and
researchers with its advanced air and space vehicles. It is
developing a spaceflight system designed to connect the world to
the wonder and awe created by space travel and to offer customers a
transformative experience. You can find more information at
https://www.virgingalactic.com/.
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