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Intuitive Machines Announces Key Leadership Appointments

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Intuitive Machines (Nasdaq: LUNR) announced key leadership changes effective September 16, 2024. Pete McGrath will transition from Senior VP and COO to Senior VP and CFO. Steven Vontur will move from Interim CFO to Chief Accounting Officer and Controller. Jack Fischer will become Senior VP of Production and Operations.

CEO Steve Altemus emphasized these promotions aim to maintain focus on strategy execution and seamless scaling during the company's rapid growth. McGrath, with 35+ years in aerospace and defense, will lead the finance organization. Vontur, instrumental in the company's public listing, will oversee accounting, reporting, and financial controls. Fischer, a former astronaut and space ops leader, will manage the expanding space infrastructure and services team.

Intuitive Machines (Nasdaq: LUNR) ha annunciato importanti cambiamenti nella leadership a partire dal 16 settembre 2024. Pete McGrath passerà da Senior VP e COO a Senior VP e CFO. Steven Vontur si sposterà da CFO ad interim a Chief Accounting Officer e Controller. Jack Fischer diventerà Senior VP di Produzione e Operazioni.

Il CEO Steve Altemus ha sottolineato che queste promozioni mirano a mantenere l'attenzione sull'attuazione della strategia e su una crescita senza soluzione di continuità durante la rapida espansione dell'azienda. McGrath, con oltre 35 anni nel settore aerospaziale e della difesa, guiderà l'organizzazione finanziaria. Vontur, strumentale nella quotazione pubblica dell'azienda, superviserà la contabilità, la rendicontazione e i controlli finanziari. Fischer, un ex astronauta e leader delle operazioni spaziali, gestirà l'espansione delle infrastrutture e dei servizi spaziali.

Intuitive Machines (Nasdaq: LUNR) anunció cambios clave en la dirección, efectivos a partir del 16 de septiembre de 2024. Pete McGrath pasará de Vicepresidente Senior y COO a Vicepresidente Senior y CFO. Steven Vontur se trasladará de CFO interino a Chief Accounting Officer y Controller. Jack Fischer se convertirá en Vicepresidente Senior de Producción y Operaciones.

El CEO Steve Altemus enfatizó que estas promociones tienen como objetivo mantener el enfoque en la ejecución de la estrategia y el crecimiento sin problemas durante el rápido crecimiento de la empresa. McGrath, con más de 35 años en la industria aeroespacial y de defensa, liderará la organización financiera. Vontur, fundamental en la cotización pública de la empresa, supervisará la contabilidad, la elaboración de informes y los controles financieros. Fischer, un exastronauta y líder de operaciones espaciales, gestionará la expansión de las infraestructuras y servicios espaciales.

Intuitive Machines (Nasdaq: LUNR)는 2024년 9월 16일부터 발효되는 주요 리더십 변경 사항을 발표했습니다. Pete McGrath는 수석 부사장 겸 COO에서 수석 부사장 겸 CFO로 전환됩니다. Steven Vontur는 임시 CFO에서 최고 회계 책임자 겸 컨트롤러로 이동합니다. Jack Fischer는 생산 및 운영의 수석 부사장이 됩니다.

CEO Steve Altemus는 이러한 승진이 회사의 빠른 성장 과정에서 전략 실행 및 원활한 확장에 초점을 맞추기 위한 것이라고 강조했습니다. 35년 이상의 항공 우주 및 방산 경력을 가진 McGrath는 재무 조직을 이끌 것입니다. 회사의 공개 상장에 기여한 Vontur는 회계, 보고 및 재무 통제를 감독합니다. 전직 우주 비행사이자 우주 작전 리더인 Fischer는 확장되는 우주 인프라 및 서비스 팀을 관리합니다.

Intuitive Machines (Nasdaq: LUNR) a annoncé des changements clés dans sa direction, effectifs à partir du 16 septembre 2024. Pete McGrath passera de Vice-président senior et COO à Vice-président senior et CFO. Steven Vontur passera de CFO par intérim à Chef des comptes et Contrôleur. Jack Fischer deviendra Vice-président senior de la Production et des Opérations.

Le PDG Steve Altemus a souligné que ces promotions visent à maintenir l'accent sur l'exécution de la stratégie et l'expansion harmonieuse pendant la croissance rapide de l'entreprise. McGrath, fort de plus de 35 ans d'expérience dans l'aérospatiale et la défense, dirigera l'organisation financière. Vontur, qui a joué un rôle clé dans l'introduction en bourse de l'entreprise, supervisera la comptabilité, le reporting et les contrôles financiers. Fischer, un ancien astronaute et leader des opérations spatiales, gérera l'équipe en pleine expansion des infrastructures et des services spatiaux.

Intuitive Machines (Nasdaq: LUNR) hat Schlüsseländerungen in der Führungsebene bekannt gegeben, die ab dem 16. September 2024 wirksam werden. Pete McGrath wird von Senior VP und COO zu Senior VP und CFO wechseln. Steven Vontur wechselt vom Interim CFO zum Chief Accounting Officer und Controller. Jack Fischer wird Senior VP für Produktion und Betrieb.

CEO Steve Altemus betonte, dass diese Beförderungen darauf abzielen, den Fokus auf die Umsetzung der Strategie und das nahtlose Wachstum während des raschen Wachstums des Unternehmens zu halten. McGrath, der über 35 Jahre Erfahrung in der Luft- und Raumfahrt sowie in der Verteidigung verfügt, wird die Finanzorganisation leiten. Vontur, der maßgeblich an der Börsennotierung des Unternehmens beteiligt war, wird die Buchhaltung, das Reporting und die finanziellen Kontrollen überwachen. Fischer, ein ehemaliger Astronaut und Leiter von Raumfahrtoperationen, wird das wachsende Team für Raumfahrtinfrastruktur und -dienstleistungen leiten.

Positive
  • Promotion of experienced internal talent to key leadership positions
  • Pete McGrath brings 35+ years of aerospace and defense industry experience to the CFO role
  • Steven Vontur's expertise in public company readiness and accounting strengthens financial oversight
  • Jack Fischer's extensive space operations background enhances production and operations leadership
Negative
  • None.

HOUSTON, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (Nasdaq: LUNR, LUNRW) (“Intuitive Machines”) (“Company”), a leading space exploration, infrastructure, and services company, announced that effective September 16, 2024, Pete McGrath will transition from his current role of Senior Vice President, Chief Operating Officer into the role of Senior Vice President and Chief Financial Officer. Steven Vontur will transition from serving as the Company’s Interim Chief Financial Officer to Chief Accounting Officer and Controller, and Jack Fischer will transition to Senior Vice President, Production and Operations.

“As we continue to enjoy exponential growth, Intuitive Machines is promoting talent from within the organization to ensure we remain focused on executing our strategy and scale seamlessly. I am excited to announce the leadership transitions for these exceptional leaders, each of whom brings deep experience to the Company,” said Steve Altemus, Intuitive Machines President and CEO. “They have played and will continue to play a crucial role in driving the execution of the Company’s long-term strategic vision and growth. I am also grateful to Mr. Vontur for stepping in as Interim CFO and delighted to announce his new role as Chief Accounting Officer and Controller.”

Mr. McGrath joined the Company in 2020 and is an accomplished executive with a background in finance and more than 35 years in the aerospace and defense industry. In his new role as Senior Vice President and Chief Financial Officer, Mr. McGrath will continue to focus on executing the long-term vision and strategy of the Company as he leads the finance organization. While at Intuitive Machines, he has held the roles of Chief Operating Officer and Vice President, Business Development, demonstrating exceptional leadership and domain expertise in each role. Mr. McGrath holds an MBA from the University of Southern California - Marshall School of Business, an MS in Aerospace Engineering from California State University Long Beach, and a BS in Aerospace Engineering from the University of Southern California. Prior to joining Intuitive Machines in August 2020, Mr. McGrath worked at Boeing as the Director of the Global Sales and Marketing organization in the Space Exploration Business Unit, responsible for shaping, extending, and capturing business in support of NASA and commercial space exploration missions.

Mr. Vontur joined the Company in 2022 as our Controller and has played a key role in taking the Company public and building out the Accounting and Finance team. As the Chief Accounting Officer and Controller, Mr. Vontur will remain responsible for ensuring the overall integrity and efficiency of the accounting, reporting, and financial control functions and will be responsible for the tax affairs. Prior to joining Intuitive Machines, Mr. Vontur worked at several private companies in various capacities, providing public company readiness and other accounting services from September 2020 to June 2022. He spent the majority of his career at KBR, Inc. from December 2004 to August 2022, serving in multiple positions of increasing responsibility, ranging from Business Unit Controller to Director of SEC Reporting, Consolidations, and Financial Controls. Steven began his career in public accounting from 1993 to 2004, primarily in the audit practice of Ernst & Young LLP. He holds a bachelor’s degree in business administration (accounting) from Texas A&M University and is a Certified Public Accountant in the state of Texas.

Mr. Fischer joined Intuitive Machines in 2021. In his new role as Senior Vice President, Production and Operations, he will be responsible for assembling and galvanizing a team of experts to meet the ever-increasing demands of providing space infrastructure and services. Recently named to the Texas Space Commission, Col (ret) Jack “2fish” Fischer is a senior space ops leader, combat fighter pilot, astronaut, and flight test expert with 27 years of experience across the spectrum of operational levels. He is a distinguished graduate of the U.S. Air Force Academy and a Massachusetts Institute of Technology Draper Fellow with bachelor’s and master’s degrees in astronautics. He is also a command pilot astronaut with over 3,000 hours in over 40 aircraft and an Associate Fellow in the Society of Experimental Test Pilots. He has spent 136 days in space, and completed two spacewalks.

“Our leadership team is best-in-class, and these adjustments to the team will ensure we continue to rise to the challenges of expanding the company's footprint in space, whether it is in the development of flight systems, the deployment, and operation of our space and ground networks, or the autonomous operations of our infrastructure in and around the Moon,” Altemus said.

About Intuitive Machines

Intuitive Machines is a diversified space exploration, infrastructure, and services company focused on beginning a new economy in cislunar space. In 2024, Intuitive Machines became the first commercial company to land and operate on the lunar surface, which validated the Company’s ability to provide the three service pillars required to commercialize a celestial body: delivery, data & analysis, and autonomous operations in space. The Company empowers its customers to achieve their ambitious visions and commercial goals in space through seamless collaboration with its robust service pillars.

Contacts

For investor inquiries:

investors@intuitivemachines.com

For media inquiries:

press@intuitivemachines.com


FAQ

What leadership changes did Intuitive Machines (LUNR) announce for September 16, 2024?

Intuitive Machines announced Pete McGrath will become Senior VP and CFO, Steven Vontur will transition to Chief Accounting Officer and Controller, and Jack Fischer will become Senior VP of Production and Operations.

Who is the new Chief Financial Officer of Intuitive Machines (LUNR)?

Pete McGrath will transition from his current role of Senior VP and COO to become the new Senior VP and CFO of Intuitive Machines, effective September 16, 2024.

What is Jack Fischer's new role at Intuitive Machines (LUNR)?

Jack Fischer will transition to the role of Senior VP of Production and Operations at Intuitive Machines, effective September 16, 2024.

Why did Intuitive Machines (LUNR) make these leadership changes?

According to CEO Steve Altemus, the leadership changes aim to ensure continued focus on executing the company's strategy and scaling seamlessly during a period of rapid growth.

Intuitive Machines, Inc.

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