Virgin Galactic hires Disney veteran as new CEO
Michael Colglazier set to lead space travel company
Virgin Galactic has hired a Walt Disney Company veteran as its new CEO.
Michael Colglazier will become CEO of the Mojave, California-based space travel company and join the Virgin Galactic board of directors as of July 20, it announced Wednesday.
Virgin Galactic's new CEO, Michael Colglazier. (Virgin Galactic)
VIRGIN GALACTIC, NASA TO DEVELOP PROGRAM FOR PRIVATE ISS MISSIONS
Colglazier spent more than three decades at Disney. He has taken a variety of roles in the company, including leading its Animal Kingdom Park in Florida and the $2 billion expansion that added Star Wars: Galaxy’s Edge. He was most recently Disney’s president and managing director of Disney Parks International, in which he oversaw operations and development of the company’s parks and resorts outside the U.S., according to his Disney company biography.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| SPCE | VIRGIN GALACTIC HOLDINGS INC. | 0.86 | -0.01 | -0.72% |
In a statement, Colglazier said he was “thrilled” about taking the role at Virgin Galactic.
“Like so many others, including hundreds of signed-up customers, I have been inspired by this purpose-driven, world-class brand and the incredible opportunity it offers to open space to change the world for good,” he said.
Virgin Galactic's current CEO, George Whitesides and new CEO, Michael Colglazier. (Virgin Galactic)
HOW MUCH DOES IT COST TO LEAVE EARTH?
Meanwhile, current Virgin Galactic CEO George Whitesides will be moving into a chief space officer role, the company announced. He’ll be responsible for developing future business opportunities related to point-to-point hypersonic travel and orbital space travel.
Whitesides is a former NASA chief of staff who joined Virgin Galactic as its first CEO in 2010. He led the company to grow from about 30 employees to more than 900 over a decade. In a statement, Virgin Galactic founder Richard Branson thanked Whitesides for “his outstanding leadership.”
In this Friday, May 1, 2020, photo provided by Virgin Galactic, the SpaceShipTwo Unity flies free in New Mexico airspace for the first time. (Virgin Galactic via AP)
GET FOX BUSINESS ON THE GO BY CLICKING HERE
“He has shown dedication and determination as its first CEO to build the company from early stage development through to space flight,” he said.
Virgin Galactic recently signed an agreement with NASA to develop a program to bring private astronauts to the International Space Station and completed the first glide flight of its new craft this past spring.
READ MORE ON FOX BUSINESS BY CLICKING HERE