Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the
Company”), a global leader in launch services and space systems,
today announced the appointment of Frank Klein as its new Chief
Operations Officer (COO), effective September 16th, 2024.
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Rocket Lab's new Chief Operations
Officer, Frank Klein. (Photo: Business Wire)
Frank Klein joins Rocket Lab with more than 30 years of
international manufacturing experience and leadership in the
automotive industry. At Rocket Lab, Mr. Klein will lead the
Company’s efforts to scale manufacturing of spacecraft, launch
vehicles, and spacecraft components to meet growing customer demand
of more than a billion dollars of backlog orders.
Prior to joining the Rocket Lab team, Mr. Klein served Daimler
AG (now Mercedes-Benz Group) for 27 years where he led various
business divisions including Vehicle Research, Trucks, Cars, and
Van manufacturing. While Vice President of Mercedes-Benz Vans
Operations, Mr. Klein managed global production across 12
production sites, heading up logistics, industrial engineering, and
the division’s quality department, with responsibility for more
than 14,000 employees globally.
Mr. Klein also served as President of Magna Steyr AG, the
automotive industry’s largest independent contract manufacturer
with an annual turnover of more than US$6 billion, where he led
operations across three continents and 13,000 employees globally.
Most recently Mr. Klein served as COO at Rivian Automotive, where
he helped to transform Rivian from a low volume automotive start-up
to a high volume premium electric vehicle manufacturer while
responsible for 9,000+ employees.
Rocket Lab Founder and CEO, Sir Peter Beck, says: “Frank is an
experienced and seasoned leader in manufacturing and global
operations who will bring vision and a strong wealth of knowledge
in lean manufacturing and scaling to Rocket Lab at a pivotal time
in our evolution as an end-to-end space company. I’m excited to
have him join the team and support our increased Electron launch
and production cadence, operationalize Neutron, and strengthen our
satellite and space systems divisions.”
Mr. Klein says: “I’m incredibly excited about Rocket Lab. This
is an opportunity to leverage my deep experience and industry
knowledge to cement efficient operations at the foundation of the
Company’s scale and growth. I am very much looking forward to
joining the Rocket Lab team and bringing the best in production and
operations practice from the automotive industry and applying it to
this innovative and fast-paced company leading the future of
aerospace.”
Mr. Klein holds a Master's Degree in Electrical and Industrial
Engineering from Baden-Wuerttemberg Cooperative State University
Stuttgart and a bachelor's degree in Business Administration from
FernUniversität in Hagen.
+ About Rocket Lab
Founded in 2006, Rocket Lab is an end-to-end space company with
an established track record of mission success. We deliver reliable
launch services, satellite manufacture, spacecraft components, and
on-orbit management solutions that make it faster, easier, and more
affordable to access space. Headquartered in Long Beach,
California, Rocket Lab designs and manufactures the Electron small
orbital launch vehicle, a family of flight proven spacecraft, and
the Company is developing the large Neutron launch vehicle for
constellation deployment. Since its first orbital launch in January
2018, Rocket Lab’s Electron launch vehicle has become the second
most frequently launched U.S. rocket annually and has delivered
190+ satellites to orbit for private and public sector
organizations, enabling operations in national security, scientific
research, space debris mitigation, Earth observation, climate
monitoring, and communications. Rocket Lab’s family of spacecraft
have been selected to support NASA missions to the Moon and Mars,
as well as the first private commercial mission to Venus. Rocket
Lab has three launch pads at two launch sites, including two launch
pads at a private orbital launch site located in New Zealand and a
third launch pad in Virginia. To learn more, visit
www.rocketlabusa.com.
+ Forward Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. We intend such forward-looking statements to be covered by
the safe harbor provisions for forward looking statements contained
in Section 27A of the Securities Act of 1933, as amended (the
“Securities Act”) and Section 21E of the Securities Exchange Act of
1934, as amended (the “Exchange Act”). All statements contained in
this press release other than statements of historical fact,
including, without limitation, statements regarding our launch and
space systems operations, launch schedule and window, safe and
repeatable access to space, Neutron development, operational
expansion and business strategy are forward-looking statements. The
words “believe,” “may,” “will,” “estimate,” “potential,”
“continue,” “anticipate,” “intend,” “expect,” “strategy,” “future,”
“could,” “would,” “project,” “plan,” “target,” and similar
expressions are intended to identify forward-looking statements,
though not all forward-looking statements use these words or
expressions. These statements are neither promises nor guarantees,
but involve known and unknown risks, uncertainties and other
important factors that may cause our actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking statements, including but not limited to the
factors, risks and uncertainties included in our Annual Report on
Form 10-K for the fiscal year ended December 31, 2023, as such
factors may be updated from time to time in our other filings with
the Securities and Exchange Commission (the “SEC”), accessible on
the SEC’s website at www.sec.gov and the Investor Relations section
of our website at www.rocketlabusa.com, which could cause our
actual results to differ materially from those indicated by the
forward-looking statements made in this press release. Any such
forward-looking statements represent management’s estimates as of
the date of this press release. While we may elect to update such
forward-looking statements at some point in the future, we disclaim
any obligation to do so, even if subsequent events cause our views
to change.
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version on businesswire.com: https://www.businesswire.com/news/home/20240910807125/en/
+ Rocket Lab Media Contact Murielle Baker
media@rocketlabusa.com
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