Evan Lovell, chief investment officer of the Virgin Group, has been appointed chair of the board of directors at commercial spaceflight and vehicle development company Virgin Galactic (NYSE: SPCE).
Lovell has served as the company’s interim chair since February 2022 and has two decades of global private equity and mergers and acquisitions experience, Virgin Galactic said Tuesday.
Virgin Galactic also named Ray Mabus, former secretary of the U.S. Navy and governor of Mississippi, to its board as lead independent director and Diana Strandberg, a former executive at investment management firm Dodge & Cox, as a member.
“Ray and Diana’s dynamic and complementary expertise in capital markets, international business and government will greatly benefit Virgin Galactic as we launch and grow our global commercial spaceline,” said Michael Colglazier, CEO of Virgin Galactic.
Incumbent board directors Adam Bain and George Mattson plan to retire at the end of their current terms and will not stand for reelection.
