Hello, Guest!
  • Monday, December 23, 2024
Virgin Galactic logo/Virgin Galactic

Evan Lovell Appointed Virgin Galactic Board Chairman, Ray Mabus Named Lead Independent Director

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.

Video of the Day

Related Articles

Lockheed Reports 14% Increase in Q1 2024 Net Sales; Jim Taiclet Offers Update on F-35, Next-Gen Interceptor, LRDR Programs Financial Reports

Lockheed Reports 14% Increase in Q1 2024 Net Sales; Jim Taiclet Offers Update on F-35, Next-Gen Interceptor, LRDR Programs

Lockheed Martin (NYSE: LMT) generated $17.2 billion in net sales during the first quarter of 2024, up 14 percent from the prior-year period’s $15.1 billion, and reported $1.5 billion in Q1 net earnings, or $6.39 per share. The Bethesda, Maryland-based aerospace and defense contractor said Tuesday it returned $1.8 billion in cash to shareholders through

Lockheed Martin’s Maria Demaree on the Future of AI/ML & Space Executive Spotlights

Lockheed Martin’s Maria Demaree on the Future of AI/ML & Space

Artificial intelligence is changing the game across all domains and industries, including in space. Maria Demaree, vice president and general manager of national security space at Lockheed Martin, spoke with Executive Mosaic about how AI is impacting missions from CJADC2 to space and more. Demaree, a two-time Wash100 Award winner, has been with Lockheed Martin for over

Space Force Issues Commercial Space Strategy; Gen. Chance Saltzman Quoted News

Space Force Issues Commercial Space Strategy; Gen. Chance Saltzman Quoted

The U.S. Space Force has unveiled a new strategy detailing how the service branch will enhance its capability development processes and foster commercial partnerships to improve the country’s competitive advantage. The military branch said Wednesday it will implement the Commercial Space Strategy through four lines of effort: collaborative transparency, operational and technical integration, risk management