Sidus Space Announces Appointment of Teresa Burchfield as Chief Financial Officer
13 Avril 2022 - 3:00PM
Business Wire
Sidus Space, Inc. (NASDAQ:SIDU), a space-as-a-service satellite
company focused on commercial satellite design, manufacture,
launch, and data collection, announced today that Teresa Burchfield
has been appointed Chief Financial Officer, effective April 11,
2022.
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Teresa Burchfield, Chief Financial
Officer, Sidus Space (Photo: Business Wire)
Ms. Burchfield brings over 30 years of finance and accounting
experience to her new role as Chief Financial Officer at Sidus
Space. Prior to her appointment with Sidus Space, Ms. Burchfield
had a 19-year tenure with Tupperware, a $1.8 billion publicly
traded company, where she served in several key financial and
management roles. While with Tupperware, she was the Vice President
and Chief Financial Officer for the US & Canada business unit,
Vice President and Group Chief Financial Officer for Europe, Middle
East and Africa and the Vice President of Investor Relations. In
addition, during her time at Tupperware Ms. Burchfield was also
Vice President and Chief Financial Officer at BeautiControl, a
wholly owned subsidiary of Tupperware.
During her career Ms. Burchfield has also managed numerous
aspects of business operations, business development, IT and
marketing operations, and as a result she is experienced in product
forecasting, purchasing and distribution analytics. Ms. Burchfield
also has over 15 years of experience working in manufacturing
environments, providing a strong background in costing and
operational efficiencies.
"Teresa has a proven track record of strong financial leadership
and I am confident that her insights will be very valuable to Sidus
as we continue on our path of expansion,” said Carol Craig, Founder
and Chief Executive Officer. "With Teresa’s support, we look
forward to delivering enhanced value to our shareholders.”
"I am delighted to join Sidus Space at such an important time in
the company's evolution," said Ms. Burchfield. "I look forward to
working closely with Carol and the rest of the leadership team to
drive value creation for Sidus Space shareholders."
Ms. Burchfield holds a B.S. Degree in Accounting from the
University of Central Oklahoma and is a CPA in the state of
Oklahoma.
Ms. Burchfield will succeed Scott Silverman, who will be
stepping down from the CFO role as of April 11, 2022. Mr.
Silverman’s role as CFO in a consulting capacity was instrumental
in the IPO process and initial quarter of 2022, however, a
full-time dedicated CFO with the experience and credentials of Ms.
Burchfield will truly allow Sidus to expand and maximize
shareholder value. Mr. Silverman will continue with Sidus Space in
a consulting role until June 30, 2022 to assist with the
transition.
About Sidus Space
Sidus Space (NASDAQ: SIDU), located in Cape Canaveral, Florida,
operates from a 35,000-square-foot manufacturing, assembly,
integration, and testing facility focused on commercial satellite
design, manufacture, launch, and data collection. The company’s
rich heritage includes the design and manufacture of many flight
and ground component parts and systems for various space related
customers and programs.
Sidus Space has a mission of Bringing Space Down to Earth™ and a
vision of enabling space flight heritage status for new
technologies while delivering data and predictive analytics to
domestic and global customers. Any corporation, industry, or
vertical can start their journey off-planet with Sidus Space’s
rapidly scalable, low-cost satellite services, space-based
solutions, and testing alternatives. More than just a
“satellite-as-a-service” provider, Sidus Space is a trusted Mission
Partner–from concept to Low Earth Orbit and beyond. Sidus is ISO
9001:2015, AS9100 Rev. D certified, and ITAR registered.
Forward-Looking Statements
Statements in this press release about future expectations,
plans and prospects, as well as any other statements regarding
matters that are not historical facts, may constitute
‘forward-looking statements’ within the meaning of The Private
Securities Litigation Reform Act of 1995. The words ‘anticipate,’
‘believe,’ ‘continue,’ ‘could,’ ‘estimate,’ ‘expect,’ ‘intend,’
‘may,’ ‘plan,’ ‘potential,’ ‘predict,’ ‘project,’ ‘should,’
‘target,’ ‘will,’ ‘would’ and similar expressions are intended to
identify forward-looking statements, although not all
forward-looking statements contain these identifying words. Actual
results may differ materially from those indicated by such
forward-looking statements as a result of various important
factors, including: the uncertainties related to market conditions
and other factors described under the caption “Risk Factors” in
Sidus Space’s Form 10-K for the year ended December 31, 2021, and
in Sidus’ other filings made with the Securities and Exchange
Commission. Any forward-looking statements contained in this press
release speak only as of the date hereof, and Sidus Space, Inc.
specifically disclaims any obligation to update any forward-looking
statement, whether as a result of new information, future events or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20220413005355/en/
Investor Relations Kevin Holmes Chesapeake
Group +1-410-825-3930 kevinholmes@chesapeakegp.com Media
Karen Soriano karen.soriano@sidusspace.com
+1-443-900-2437 http://www.sidusspace.com
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