A bit more on the management changes that XCOR announced earlier this week.
Jay Gibson has taken over as CEO and President. The CEO position was formerly held by company founder Jeff Greason, who has moved over the chief technology officer (CTO) role.
The job of president was formerly held by Andrew Nelson. XCOR has no announcement about Nelson’s status.
Gibson says he moved on from his position at Beechcraft Corp. because he was looking for something exciting to do.
“I’ve reached a point where I want to get involved in something that’s exciting,” he said. Gibson also wanted to get into a field still early in the development curve, where opportunities for growth abound. Commercial space fits that. And finally he wanted a company trying to do something unique. “When I became more versant in what XCOR does, and its driving towards a very commercial product, it was an easy decision.”
“Jay has the credibility and experience to expand the frontiers that we have, and the businesses we have,” Greason said.
Greason professes to be happy with his new role, which allows him to focus on technology and not CEO responsibilities such as fundraising and trying to figure out how to put more bathrooms in a World War II-era hangar in compliance with 21th century building codes.
Leaving his CEO and president position to move into a CTO role, Greason said he can now focus on advanced projects and next-generation developments — innovations that motivated his co-founding of XCOR in 1999.
“As the company has grown, it’s become a bigger and bigger job to run it,” Greason said. “And I can’t do both the advanced engineering and leadership, so now I can let Jay focus on the bigger picture, and I can focus on the things that I love to do.”
Greason said that advanced technology, the vision that he has for XCOR, the larger picture of the aerospace industry’s future and the regulatory and policy framework for the industry are his passions.
“It’s what wakes me up in the morning,” Greason said.