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Enrico Palermo Appointed Virgin Galactic’s Chief Operating Officer

Will Lead The Execution Of Specific Company Strategies And Initiatives

Virgin Galactic Holdings has appointed 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.

Palermo (pictured) 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. He brings a wealth of experience including operations leadership, engineering and technology knowledge, financial analysis and business planning proficiency.

“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," said George Whitesides, Chief Executive Officer of Virgin Galactic. "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.”

“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," Palermo said. "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.”

(Image provided with Virgin Galactic news release)

FMI: www.virgingalactic.com

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