Terran Orbital Corporation, a leader in satellite-based solutions serving the aerospace, defense, intelligence, and commercial industries, announced on May 29 key appointments to its executive team aimed at accelerating the company’s path to driving revenue growth and becoming free cash flow positive.
The company welcomes Peter Krauss as its new chief operating officer (COO), Adarsh Parekh as its new chief financial officer (CFO), and Mathieu Riffel as its chief accounting officer (CAO). The appointment of Krauss is effective as of June 1, 2024, and the appointments of Parekh and Riffel are effective as of June 17, 2024.
Krauss and Parekh will each report to Marc Bell, the company’s co-founder, chairman, and chief executive officer. Upon the effectiveness of Parekh and Krauss’s appointments, respectively, Riffel will report to Parekh. Krauss will oversee all engineering, manufacturing, supply chain, business development, and marketing functions, as well as international operations. Parekh will oversee all accounting, finance, and investor relations functions.
“We are excited to welcome Peter Krauss and Adarsh Parekh to the Terran Orbital Family and to promote Mathieu Riffel. All three executives have proven track records in operational efficiency, financial discipline, and growth acceleration,” said Bell. “Their leadership will be instrumental in our strategy to streamline our operations, optimize financial performance, and drive profitable revenue growth. This strategic strengthening of our leadership team reinforces our commitment to delivering value to our shareholders.”
As COO, Krauss will focus on enhancing operational efficiency and reducing costs across Terran Orbital’s manufacturing and production processes. Krauss is a seasoned sales, marketing, and operational executive with nearly 30 years of experience driving organizational growth and profitability, as well as extensive expertise in building and managing complex, global manufacturing and distribution systems.
Parekh joins Terran Orbital as CFO, bringing over 20 years and $2.5 billion of transaction experience in the financial sector, including in strategic growth initiatives, strategic planning and implementation, FP&A, M&A, leveraged finance, capital markets transactions, and treasury management.
As CAO, Mathieu Riffel will focus on the company’s accounting, financial reporting, internal controls, and compliance processes. Mathieu Riffel has worked for the company since 2021.
“Peter Krauss, Adarsh Parekh, and Mathieu Riffel are the right leaders at the right time for Terran Orbital,” Bell added. “Their combined expertise and focus on profitability will be a driving force as we position Terran Orbital to compete for speed in responsive space and the proliferated mega constellations expected from government and commercial customers in the years ahead. We are confident that they will help us achieve our financial goals and deliver long-term value to our stakeholders through this exciting period of growth.”
Source: Terran Orbital
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