Virgin Galactic’s Chief Financial Officer (CFO) is departing after about 18 months on the job to serve as CFO at Tremor Video, Inc., a premium video marketplace elevating brand advertising effectiveness across all screens.
“Tremor Video is already an established leader in the advertising technology market and few industries offer such a significant opportunity for growth,” said Rego said in a press release. “I look forward to working with the entire Tremor Video team to maximize its leadership position in the industry.”
“John brings a wealth of finance experience across a wide range of companies and industries,” said Tremor Video CEO Bill Day. “He will be an integral part of Tremor Video as we continue to execute on our strategy as the leading premium video marketplace.”
Rego was named Virgin Galactic CFO in February 2014. He replaces Ken Sunshine, who joined the company as CFO in July 2011.
Continuing our look back at 2014, we review progress at Virgin Galactic. While the loss of SpaceShipTwo on Oct. 31 understandably dominated the headlines, there were a number of other newsworthy developments at the company last year.
For a company that is only months away from flying into space with paying customers, Virgin Galactic is experiencing a lot of high-level turnover. Three top level executives have left over the past two months.
Today, the company announced that it had hired John S. Rego as its new chief financial officer (CFO). He replaces Ken Sunshine, who joined the company as CFO in July 2011. The press release on Rego is reproduced below.
Virgin Galactic also saw the recent departures of Vice President of Safety Jon Turnipseed and Vice President of Propulsion Thomas Markusic. Turnipseed had joined the company in August 2010, while Markusic had been there since May 2011. Both departed in December, although Turnipseed is still listed on the website as VP of Safety.