Maxar Appoints Thomas Whayne Chief Strategy Officer

Rhea-AI Summary

Maxar Technologies (NYSE: MAXR) has appointed Thomas Whayne as the new Chief Strategy Officer. Whayne, who previously served as CFO at OneWeb, brings over 23 years of experience in investment banking and strategic financial management. His expertise will support Maxar's efforts in corporate strategy, development, and mergers and acquisitions. Dan Jablonsky, CEO of Maxar, expressed confidence in Whayne's ability to drive growth and innovation as the company continues to deliver mission-driven solutions for commercial and government clients.

Positive

• Thomas Whayne brings extensive experience in investment banking and strategic financial management.
• His appointment is expected to enhance Maxar's corporate strategy and M&A activities.
• Whayne's previous success in raising over $3 billion at OneWeb may positively impact Maxar's capital initiatives.

Negative

• Concerns regarding continuity in executive leadership during the transition.
• Possible experience gaps due to changing roles within senior management.

WESTMINSTER, Colo.--(BUSINESS WIRE)-- Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced that Thomas Whayne has joined the company as Chief Strategy Officer. In this role, Whayne will work with Maxar’s leadership team to drive Maxar’s long-range growth and lead Maxar’s corporate strategy, corporate development, strategic investments, as well as mergers and acquisitions.

He most recently served as the Chief Financial Officer at OneWeb from 2018 to 2021, where he led efforts to raise more than $3 billion of capital to fund their development of a global broadband communications constellation in Low Earth Orbit.

“Thomas has deep expertise in space-based technologies and insight into growth opportunities ahead, which is critical as we continue to build upon Maxar’s industry-leading, innovative, mission-driven solutions for our commercial and government customers,” said Dan Jablonsky, Maxar President and CEO. “We are pleased to have Thomas in this key strategic leadership role, and we share his excitement for what’s ahead for Maxar.”

Whayne has more than 23 years of experience as an investment banker, providing strategic and financial advice to the boards and management teams of many of the world’s largest technology, media, telecommunications and energy companies. He served as a Managing Director at investment banking firms, including Credit Suisse First Boston, Morgan Stanley and Rothschild. Whayne holds an A.B. degree in economics from Harvard College and a J.D. degree from the University of Virginia School of Law.

About Maxar

Maxar is a trusted partner and innovator in Earth Intelligence and Space Infrastructure. We deliver disruptive value to government and commercial customers to help them monitor, understand and navigate our changing planet; deliver global broadband communications; and explore and advance the use of space. Our unique approach combines decades of deep mission understanding and a proven commercial and defense foundation to deploy solutions and deliver insights with unrivaled speed, scale and cost effectiveness. Maxar’s 4,400 team members in over 20 global locations are inspired to harness the potential of space to help our customers create a better world. Maxar trades on the New York Stock Exchange and Toronto Stock Exchange as MAXR. For more information, visit www.maxar.com.

Forward-Looking Statements

Certain statements and other information included in this release constitute “forward-looking information" or “forward-looking statements" (collectively, “forward-looking statements") under applicable securities laws. Statements including words such as “may,” “will,” “could,” “should,” “would,” “plan,” “potential,” “intend,” “anticipate,” “believe,” “estimate" or “expect" and other words, terms and phrases of similar meaning are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words.

Forward-looking statements involve estimates, expectations, projections, goals, forecasts, assumptions, risks and uncertainties, as well as other statements referring to or including forward-looking information included in this presentation.

Forward-looking statements are subject to various risks and uncertainties which could cause actual results to differ materially from the anticipated results or expectations expressed in this presentation. As a result, although management of the Company believes that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. The risks that could cause actual results to differ materially from current expectations include, but are not limited to, the risk factors and other disclosures about the Company and its business included in the Company's continuous disclosure materials filed from time to time with U.S. securities and Canadian regulatory authorities, which are available online under the Company's EDGAR profile at www.sec.gov, under the Company's SEDAR profile at www.sedar.com or on the Company's website at www.maxar.com.

The forward-looking statements contained in this release are expressly qualified in their entirety by the foregoing cautionary statements. All such forward-looking statements are based upon data available as of the date of this presentation or other specified date and speak only as of such date. The Company disclaims any intention or obligation to update or revise any forward-looking statements in this presentation as a result of new information or future events, except as may be required under applicable securities legislation.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211101005984/en/

Investor Relations Contact:

Jason Gursky

Maxar VP, Investor Relations and Corporate Treasurer

1-303-684-2207

jason.gursky@maxar.com

Media Contact:

Turner Brinton

Maxar Media Relations

1-303-684-4545

turner.brinton@maxar.com

Source: Maxar Technologies

FAQ

Who is the new Chief Strategy Officer of Maxar Technologies?

Thomas Whayne is the new Chief Strategy Officer of Maxar Technologies.

What experience does Thomas Whayne bring to Maxar?

Whayne has over 23 years of experience in investment banking and previously served as CFO at OneWeb.

What is the significance of Thomas Whayne's appointment for MAXR?

Whayne's appointment is expected to strengthen Maxar's corporate strategy and support growth initiatives.