Terran Orbital announces the appointments of key executive team members

Terran Orbital announced appointments to its leadership team aimed at accelerating the Company’s path to revenue growth and positive free cash flow. The company welcomes Peter Krauss as its new chief operating officer, Adarsh ​​Parekh as its new chief financial officer and Mathieu Riffel as its chief accounting officer. Krauss’s appointment is effective June 1, and Parekh’s and Riffel’s appointments are effective June 17. Krauss and Parekh will report to Marc Bell, the Company’s co-founder, president and chief executive officer. Once the appointments of Parekh and Krauss, respectively, are effective, Riffel will report to Parekh. Krauss will oversee all engineering, manufacturing, supply chain, business development and marketing functions, as well as our international operations. Parekh will oversee all accounting, finance and investor relations functions. Tony Gingiss, the company’s current chief operating officer, has decided to leave Terran Orbital. This decision is based on mutual respect and understanding. Gingiss has agreed to provide strategic consulting services to the Company until his departure on July 15. As COO, Peter Krauss will focus on increasing operational efficiency and reducing costs of Terran Orbital’s manufacturing and production processes. Krauss is a seasoned sales, marketing and operations 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. Krauss brings a wealth of expertise in cost reduction, process optimization and performance improvement. Adarsh ​​Parekh joins Terran Orbital as CFO, bringing over 20 years of experience in the financial sector, including strategic growth initiatives, strategic planning and implementation, FP&A, M&A, leveraged finance, capital markets transactions and treasury management . Prior to joining Terran Orbital, Parekh served as CFO of Alio, a medical technology company, where he oversaw all financial and accounting functions and played a key role in the company’s initial commercialization efforts. As CAO, Mathieu Riffel will focus on the Company’s accounting, financial reporting, internal controls and compliance processes. Mathieu Riffel has been working at the Company since 2021, most recently serving as CFO.