Burt Rutan Steps Down, Shane Takes Over at Parabolic Arc

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Burt Rutan Steps Down, Shane Takes Over

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Doug

on June 6, 2008

in News

. Tags: Burt Rutan, Scaled Composites, SpaceShipTwo, virgin galactic.

Burt Rutan, Designer Of SpaceShipOne, Steps Down as Scaled President
AP

Burt Rutan, inventor of the first privately financed manned rocket to reach space, stepped down as president of Scaled Composites LLC, the company announced Wednesday.

Rutan gave up his day-to-day responsibilities at Scaled, which he founded in 1982. Scaled Vice President Douglas B. Shane was promoted to president, while Rutan will remain at the company as chief technology officer and chairman emeritus….

Rutan has been recovering from open-heart surgery in February to fix a disorder known as constrictive pericarditis, in which the sac covering the heart is inflamed.

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