Sidus Space Inc (NASDAQ:SIDU) announced that Leonardo Riera has been appointed as chair of the company’s board of directors and Jared Novick has been promoted to the role of chief operating officer (COO).
The Space and Defense-as-a-Service satellite firm said Riera, currently a Sidus Space director, is expected to manage governance and related matters and will allow Sidus CEO and founder Carol Craig to continue leading the company in its successful expansion and meet its primary goals and objectives.
"His (Riera) taking over as chair will give me the ability to increase my focus on the execution of our commercial development strategy to drive value for our shareholders," Craig said in a statement.
"Additionally, I am excited to continue working with Jared as his promotion to COO will allow us to work hand-in-hand as we prepare for the five near-term launches of our LizzieSats in Q1 and Q2 of 2024," she added.
Sidus noted that Riera has 35 years of experience in investment banking and fund management, having previously served as head of a Mergers & Acquisitions unit for Citicorp Investment Bank, while Novick was formerly Sidus Space’s senior vice president, strategy and special projects and has worked at NASA in high-altitude programs operating geospatial technologies.
Sidus Space is a Space and Defense-as-a-Service satellite company focused on mission-critical hardware manufacturing; multi-disciplinary engineering services; satellite design, production, launch planning, mission operations; and in-orbit support.
Contact Sean at sean@proactiveinvestors.com