Sidus Space Announces Appointment of Leonardo Riera to Board Chair and Promotion of Jared Novick to Chief Operating Officer
27 Septembre 2023 - 2:30PM
Business Wire
Sidus Space (NASDAQ: SIDU) (the “Company” or “Sidus”), a
multi-faceted Space and Data-as-a-Service company, today announced
the appointment of Leonardo Riera to the position of Chair of the
Board of Directors and the promotion of Jared Novick to the role of
Chief Operating Officer (“COO”).
Mr. Riera, currently a Director of Sidus, was appointed as Chair
of the Board, effective Thursday, September 14, 2023. It is
expected that Mr. Riera will deploy his significant Board
experience to manage governance and related matters. Additionally,
this change will allow Sidus’s CEO, Founder, and former Chair,
Carol Craig, to continue leading the company in its successful
expansion and meet its primary goals and objectives.
Mr. Riera brings more than 35 years of experience in investment
banking and fund management to Sidus. During his accomplished
career, Mr. Riera has served as a Consultant for McKinsey & Co,
as Head of a Mergers & Acquisitions unit for Citicorp
Investment Bank, was the Country Head for Bankers Trust in
Venezuela for over 10 years, and subsequently worked in fund
management with Intl Consilium and as an entrepreneur. Mr. Riera,
who has served on the boards of many private and public companies,
currently serves on the Board of Directors of Vaya Space, Inc. and
FenixOro Gold, where he also chairs the Audit Committee. He has an
MBA from the Wharton School of Business at the University of
Pennsylvania and has completed additional education for Senior
Executives at the Harvard Business School.
Jared Novick has been promoted to the role of COO, from his
prior role as Senior Vice President, Strategy and Special Projects.
Most recently, Mr. Novick led Sidus’ acquisition of Exo-Space, a
space-based AI company, and has worked its post-close integration
into newly planned service offerings for Sidus. Mr. Novick's past
experience includes government work across the Intelligence
Community and Department of Defense where he developed and
demonstrated special capabilities and working at NASA in
high-altitude programs operating geospatial technologies. Mr.
Novick brings prior business experiences as founder and CEO
building companies with subscription revenue business models in
both Aerospace & Defense and Cybersecurity sectors. He
presently sits on the Board of Advisors at BlueVoyant, a unicorn
cybersecuirty company.
“I would like to thank Leo for accepting the Chair of the Board
position for Sidus. His taking over as Chair will give me the
ability to increase my focus on the execution of our commercial
development strategy to drive value for our shareholders,” said
Carol Craig, CEO and Founder of Sidus. “Additionally, I am excited
to continue working with Jared as his promotion to COO will allow
us to work hand-in-hand as we prepare for the five near-term
launches of our LizzieSats in Q1 and Q2 of 2024,” continued Ms.
Craig.
About Sidus Space Sidus Space (NASDAQ: SIDU) is a
multi-faceted Space and Data-as-a-Service company focused on
mission-critical hardware manufacturing; multi-disciplinary
engineering services; satellite design, production, launch
planning, mission operations; and in-orbit support. The Company is
located in Cape Canaveral, Florida, where it operates from a
35,000-square-foot manufacturing, assembly, integration, and
testing facility focused on vertically integrated
Space-as-a-Service solutions including end-to-end satellite
support.
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 Space 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.
These statements include, but are not limited to, statements
relating to the expected trading commencement and closing dates.
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 more fully in the section
entitled ‘Risk Factors’ in Sidus Space’s Annual Report on Form 10-K
for the year ended December 31, 2022, and other periodic reports
filed 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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Investor Relations Valter Pinto or Jack Perkins KCSA
Strategic Communications sidus@kcsa.com (212) 896-1254
Media Pam Davis Sidus Space mediateam@sidusspace.com
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