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.
