Rigetti Computing Announces Update to CEO Leadership Transition
09 Novembre 2022 - 2:30PM
Rigetti Computing, Inc. (“Rigetti” or the “Company”)
(Nasdaq: RGTI), a pioneer in hybrid quantum-classical
computing, announced today that the Company’s Founder,
Dr. Chad Rigetti, has provided to the Company his intention to
tender resignation from his positions as the Company’s President,
Chief Executive Officer and Director on the Company’s Board of
Directors, with an anticipated effective date of December 15, 2022.
As previously announced, the Company is conducting a search for
Dr. Rigetti’s successor. In the event the Company is unable to
identify and appoint a successor before Dr. Rigetti’s resignation
date, it is anticipated that Rick Danis, the Company’s General
Counsel and Corporate Secretary, will serve as interim President
and Chief Executive Officer as of such date until a successor to
Dr. Rigetti has been appointed.
“The Board thanks Dr. Rigetti and we wish him every success in
his next endeavor,” said Cathy McCarthy, Chair of the Company’s
board of directors. “The Board has full confidence in Mr. Danis’
ability to seamlessly step in as interim CEO if needed during this
transition and in our talented technical team’s ability to continue
advancing our technology in our pursuit of quantum advantage.”
About Rigetti
Rigetti is a pioneer in full-stack quantum computing. The
Company has operated quantum computers over the cloud since 2017
and serves global enterprise, government, and research clients
through its Rigetti Quantum Cloud Services platform. The Company’s
proprietary quantum-classical infrastructure provides high
performance integration with public and private clouds for
high-performance practical quantum computing. Rigetti has developed
the industry’s first multi-chip quantum processor for scalable
quantum computing systems. The Company designs and manufactures its
chips in-house at Fab-1, the industry’s first
dedicated and integrated quantum device manufacturing facility.
Rigetti has more than 150 patents awarded and pending. The Company
was founded in 2013 by Chad Rigetti and today employs more than 190
people with offices in the United States, U.K. and Australia.
Forward-Looking Statements
Certain statements in this communication may be considered
forward-looking statements, including statements with respect to
expectations with respect to a search for a new chief executive
officer of the Company, including the results and timing thereof,
expectations with respect to transitions in management, including
with respect to interim chief executive officer of the Company,
expectations with respect to the role of individuals at the
Company, including Dr. Rigetti and Mr. Danis and statements
with respect to the Company's advancement of technology in its
pursuit to achieve quantum advantage. Forward-looking statements
generally relate to future events and can be identified by
terminology such as “pro forma,” “may,” “should,” “could,” “might,”
“plan,” “possible,” “project,” “strive,” “budget,” “forecast,”
“expect,” “intend,” “will,” “estimate,” “believe,” “predict,”
“potential,” “pursue,” “aim,” “goal,” “mission,” “outlook,”
“anticipate” or “continue,” or the negatives of these terms or
variations of them or similar terminology. Such forward-looking
statements are subject to risks, uncertainties, and other factors
which could cause actual results to differ materially from those
expressed or implied by such forward-looking statements. These
forward-looking statements are based upon estimates and assumptions
that, while considered reasonable by Rigetti and its management,
are inherently uncertain. Factors that may cause actual results to
differ materially from current expectations include, but are not
limited to: Rigetti’s ability to achieve milestones, technological
advancements, including with respect to its roadmap, help unlock
quantum computing, and develop practical applications; the ability
of Rigetti to complete ongoing negotiations with government
contractors successfully and in a timely manner; the potential of
quantum computing; the ability of Rigetti to obtain government
contracts and the availability of government funding; the ability
of Rigetti to expand its QCaaS business; the success of Rigetti’s
partnerships and collaborations; Rigetti’s ability to accelerate
its development of multiple generations of quantum processors; the
outcome of any legal proceedings that may be instituted against
Rigetti or others; the ability to meet stock exchange listing
standards; the risk that the business combination disrupts current
plans and operations of Rigetti; the ability to recognize the
anticipated benefits of its recent business combination with
Supernova, which may be affected by, among other things,
competition, the ability of Rigetti to grow and manage growth
profitably, maintain relationships with customers and suppliers and
retain its management and key employees; costs related to the
business combination with Supernova and operating as a public
company; changes in applicable laws or regulations; the possibility
that Rigetti may be adversely affected by other economic, business,
or competitive factors; Rigetti’s estimates of expenses and
profitability; the evolution of the markets in which Rigetti
competes; the ability of Rigetti to execute on its technology
roadmap; the ability of Rigetti to implement its strategic
initiatives, expansion plans and continue to innovate its existing
services; the impact of the COVID-19 pandemic on
Rigetti’s business; the expected use of proceeds from the Company’s
past and future financings or other capital; the sufficiency of
Rigetti’s cash resources; unfavorable conditions in Rigetti’s
industry, the global economy or global supply chain, including
financial and credit market fluctuations and uncertainty, rising
inflation, increased costs, international trade relations,
political turmoil, natural catastrophes, warfare (such as the
ongoing military conflict between Russia and Ukraine and related
sanctions against Russia), and terrorist attacks; and other risks
and uncertainties set forth in the section entitled “Risk Factors”
and “Cautionary Note Regarding Forward-Looking Statements” in the
registration on Form S-4, the Company’s
Form 8-K filed with the Securities and Exchange
Commission (the “SEC”) on March 7, 2022, and in the Company’s
Form 10-Q for the three months ended June 30, 2022, and
other documents filed by the Company from time to time with the
SEC. These filings identify and address other important risks and
uncertainties that could cause actual events and results to differ
materially from those contained in the forward-looking statements.
Forward-looking statements speak only as of the date they are made.
Readers are cautioned not to put undue reliance on forward-looking
statements, and the Company assumes no obligation and does not
intend to update or revise these forward-looking statements other
than as required by applicable law. The Company does not give any
assurance that it will achieve its expectations.
Media Contact:
Brad WilliamsRigetti Computing, Inc.press@rigetti.com
Investor Contact:
Polly PearsonInvestor RelationsRGTI@investorrelations.com
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