Terran Orbital CFO transition: Gary Hobart becomes Chief Transformation Officer, Mathieu Riffel named Acting CFO

Terran Orbital Corp

Gary Hobart transitions from CFO to Chief Transformation Officer; Mathieu Riffel appointed Acting CFO as of Sep 15, 2023.
Hobart's new role aims to achieve EBITDA positive status in Q1 2024 via revenue growth and cost control.
On Sep 6, announced seven standard satellite bus platforms; on Sep 7, launched Responsive Space Initiative for rapid satellite delivery.
Opened 60,000 sq ft manufacturing space in Irvine Sep 11, total complex 98,000 sq ft; launched ten satellites for Lockheed Martin Sep 2 for SDA Tranche 0.

item 5.02 item 8.01

Executive movements

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Role change

Gary Hobart

Chief Transformation Officer

Terran Orbital Corp

Effective: 2023-09-15
Filed: September 15, 2023, 7:59 PM ET

On September 15, 2023, Terran Orbital Corporation (the “Company”) announced that Gary Hobart, the Company’s Chief Financial Officer, had transitioned from his current role into the newly created senior executive position of Chief Transformation Officer, effective the same date.

Appointed (interim)

Mathieu Riffel

Acting Chief Financial Officer

Terran Orbital Corp

Effective: 2023-09-15
Filed: September 15, 2023, 7:59 PM ET

Also on September 15, 2023, the Company appointed Mathieu Riffel (age 38) as Acting Chief Financial Officer, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Gary Hobart changed role as Chief Transformation Officer at Terran Orbital Corp.

Action: transitioned
Role: Chief Transformation Officer

Exact text from the filing

On September 15, 2023, Terran Orbital Corporation (the “Company”) announced that Gary Hobart, the Company’s Chief Financial Officer, had transitioned from his current role into the newly created senior executive position of Chief Transformation Officer, effective the same date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Mathieu Riffel was appointed as Acting Chief Financial Officer at Terran Orbital Corp.

Action: appointed
Role: Acting Chief Financial Officer

Exact text from the filing

Also on September 15, 2023, the Company appointed Mathieu Riffel (age 38) as Acting Chief Financial Officer, effective immediately.

View on SEC.gov

Source: SEC EDGAR

accession 0000950170-23-048430

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