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Momentus Announces Departure of Paul Ney to Join Trump Administration

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Momentus (NASDAQ: MNTS) announced that Chief Legal Officer and Corporate Secretary Paul Ney will resign effective January 27, 2025, to join the Trump Administration as Deputy Counsel to the President for National Security Affairs and National Security Council Legal Advisor.

Ney, who joined Momentus in September 2021 after serving as General Counsel of the U.S. Department of Defense, played a key role in establishing Momentus as a public company and implementing a Committee on Foreign Investment in the United States (CFIUS) National Security Agreement. His tenure at the company was marked by successful navigation of complex legal issues and government regulatory matters.

Prior to Momentus, Ney held various public service positions and worked in private law practice, bringing nearly four decades of experience. The company will announce his successor at a later date.

Momentus (NASDAQ: MNTS) ha annunciato che il Chief Legal Officer e Segretario Aziendale Paul Ney si dimetterà con effetto dal 27 gennaio 2025 per unirsi all'Amministrazione Trump come Vice Consigliere del Presidente per gli Affari di Sicurezza Nazionale e Consigliere Legale del Consiglio di Sicurezza Nazionale.

Ney, che è entrato in Momentus nel settembre 2021 dopo aver ricoperto il ruolo di Consigliere Generale del Dipartimento della Difesa degli Stati Uniti, ha avuto un ruolo fondamentale nell'affermare Momentus come azienda pubblica e nell'implementare un Accordo di Sicurezza Nazionale del Comitato per gli Investimenti Stranieri negli Stati Uniti (CFIUS). Il suo mandato in azienda è stato caratterizzato da una navigazione di successo attraverso complesse questioni legali e regolamenti governativi.

Prima di Momentus, Ney ha ricoperto vari ruoli nel servizio pubblico e ha lavorato nella pratica legale privata, portando con sé quasi quattro decenni di esperienza. L'azienda annuncerà il suo successore in una data successiva.

Momentus (NASDAQ: MNTS) anunció que el Director Legal y Secretario Corporativo Paul Ney renunciará a partir del 27 de enero de 2025 para unirse a la Administración Trump como Consejero Adjunto del Presidente para Asuntos de Seguridad Nacional y Asesor Legal del Consejo de Seguridad Nacional.

Ney, quien se unió a Momentus en septiembre de 2021 después de haber sido Consejero General del Departamento de Defensa de EE. UU., desempeñó un papel clave en el establecimiento de Momentus como empresa pública y en la implementación de un Acuerdo de Seguridad Nacional del Comité de Inversiones Extranjeras en EE. UU. (CFIUS). Su mandato en la compañía estuvo marcado por la exitosa navegación a través de complejas cuestiones legales y asuntos regulatorios gubernamentales.

Antes de Momentus, Ney ocupó varios puestos en el servicio público y trabajó en la práctica privada de la abogacía, aportando casi cuatro décadas de experiencia. La empresa anunciará su sucesor en una fecha posterior.

Momentus (NASDAQ: MNTS)는 법률 담당 최고 책임자(CLO)이자 법인 비서인 Paul Ney가 2025년 1월 27일부터 트럼프 행정부의 국가안보 담당 부통령 고문 겸 국가안보위원회 법률 자문으로 자리를 옮긴다고 발표했습니다.

Ney는 2021년 9월 미국 국방부의 총괄 고문을 역임한 후 Momentus에 합류하였으며, Momentus가 공개 기업으로 자리잡는 데 중요한 역할을 했고, 외국인 투자 위원회(CFIUS) 국가 안보 협정을 이행했습니다. 그의 재임 기간 동안 회사는 복잡한 법적 문제와 정부 규제 문제를 성공적으로 해결했습니다.

Momentus 이전에 Ney는 다양한 공공 서비스 직책을 맡았고 민간 법률 사무소에서 근무했으며, 거의 40년의 경험을 갖추고 있습니다. 회사는 그의 후임자를 나중에 발표할 예정입니다.

Momentus (NASDAQ: MNTS) a annoncé que Paul Ney, directeur juridique et secrétaire général, démissionnera à compter du 27 janvier 2025 pour rejoindre l'administration Trump en tant que conseiller adjoint du président pour les affaires de sécurité nationale et conseiller juridique du Conseil de sécurité nationale.

Ney, qui a rejoint Momentus en septembre 2021 après avoir été conseiller juridique au ministère de la Défense des États-Unis, a joué un rôle clé dans l'établissement de Momentus en tant qu'entreprise publique et dans la mise en œuvre d'un accord de sécurité nationale du Comité sur les investissements étrangers aux États-Unis (CFIUS). Son mandat au sein de l'entreprise a été marqué par la gestion réussie de questions juridiques complexes et de régulations gouvernementales.

Avant Momentus, Ney a occupé divers postes dans le service public et a travaillé dans le droit privé, apportant près de quatre décennies d'expérience. L'entreprise annoncera son successeur à une date ultérieure.

Momentus (NASDAQ: MNTS) kündigte an, dass der Chief Legal Officer und Corporate Secretary Paul Ney am 27. Januar 2025 zurücktreten wird, um in die Trump-Administration als stellvertretender Berater des Präsidenten für nationale Sicherheitsangelegenheiten und als rechtlicher Berater des National Security Council zu wechseln.

Ney, der im September 2021 zu Momentus kam, nachdem er als General Counsel des US-Verteidigungsministeriums tätig war, spielte eine entscheidende Rolle bei der Etablierung von Momentus als öffentliches Unternehmen und bei der Umsetzung einer National Security Agreement des Committee on Foreign Investment in the United States (CFIUS). Seine Amtszeit im Unternehmen war geprägt von der erfolgreichen Bewältigung komplexer rechtlicher Fragen und Regierungsregulierungen.

Vor seiner Zeit bei Momentus hatte Ney verschiedene öffentliche Ämter inne und arbeitete in der privaten Rechtsanwaltskanzlei, wobei er fast vier Jahrzehnte Erfahrung mitbringt. Das Unternehmen wird seinen Nachfolger zu einem späteren Zeitpunkt bekannt geben.

Positive
  • Successfully completed and sunset the CFIUS National Security Agreement
  • Established foothold in government work
Negative
  • Loss of key executive with extensive legal and regulatory experience
  • Potential regulatory and compliance uncertainty during transition period

SAN JOSE, Calif.--(BUSINESS WIRE)-- Momentus Inc. (NASDAQ: MNTS), a U.S. commercial space company offering satellite buses, technologies, transportation, and other in-space transportation services, today announced that Paul Ney, Momentus Chief Legal Officer and Corporate Secretary, has resigned from his role effective January 27, 2025. Mr. Ney has accepted a position as the Deputy Counsel to the President for National Security Affairs and National Security Council Legal Advisor at the White House in the Trump Administration. Momentus will announce a successor for Mr. Ney at a later date.

Mr. Ney joined Momentus in September 2021 after serving as the General Counsel of the United States Department of Defense. During his tenure in the Department of Defense, the U.S. Space Force and the U.S. Space Command were established. He has nearly four decades of public service and private law practice experience. In earlier government roles, Ney was the Principal Deputy and the acting General Counsel of the United States Department of the Navy and Chief Deputy Attorney General for the State of Tennessee. He also served as Director of the Nashville Davidson County Mayor's Office of Economic and Community Development.

Before his most recent service in the Pentagon, Ney was a partner in the law firms Trauger, Ney & Tuke, and Patterson Intellectual Property Law, P.C. He is a registered patent attorney and has more than two decades of experience litigating business, intellectual property, and commercial matters.

“Paul did a superb job and guided Momentus through a range of complex legal issues,” said Momentus Chief Executive Officer John Rood. “He was instrumental in the successful implementation and sunsetting of a Committee on Foreign Investment in the United States (CFIUS) National Security Agreement and a host of other government regulatory matters. Paul played a major role in establishing Momentus as a publicly traded company. Paul displayed tremendous ability, expertise, and sage judgement at Momentus. We applaud his willingness to bring his considerable talents to serving our Nation at this key time and thank him for the great work he did at the company.”

“I am extremely proud of the accomplishments we achieved during my time at Momentus,” said Ney. “The company accomplished numerous successes in the commercial market and established a foothold in government work. I was honored to work with such a talented team.”

About Momentus Inc.

Momentus is a U.S. commercial space company that offers commercial satellite buses and in-space infrastructure services including in-space transportation, hosted payloads, and other in-orbit services.

Forward-Looking Statements

This press release contains certain statements which may constitute “forward-looking statements” for purposes of the federal securities laws. Forward-looking statements include, but are not limited to, statements regarding the expected filing of the Company’s Form 10-K and Form 10-Q and its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, and are not guarantees of future performance. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Momentus’ control. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to risks and uncertainties included under the heading “Risk Factors” in the Annual Report on Form 10-K filed by the Company on June 6, 2024, as amended by that certain Annual Report on Form 10-K/A filed by the Company on September 16, 2024, as such factors may be updated from time to time in our other filings with the Commission, accessible on the Commission’s website at www.sec.gov and the Investor Relations section of our website at investors.momentus.space. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

Investors: investors@momentus.space

Media: jason.garkey@momentusspace.com

Source: Momentus Inc.

FAQ

When will Paul Ney leave his position at Momentus (MNTS)?

Paul Ney will leave his position as Chief Legal Officer and Corporate Secretary at Momentus effective January 27, 2025.

What role will Paul Ney take in the Trump Administration after leaving Momentus (MNTS)?

Paul Ney will become the Deputy Counsel to the President for National Security Affairs and National Security Council Legal Advisor at the White House.

What were Paul Ney's major accomplishments at Momentus (MNTS)?

Ney helped establish Momentus as a publicly traded company, implemented the CFIUS National Security Agreement, and handled complex legal and government regulatory matters.

Has Momentus (MNTS) announced a successor for Paul Ney?

No, Momentus will announce a successor for Paul Ney at a later date.

When did Paul Ney join Momentus (MNTS)?

Paul Ney joined Momentus in September 2021 after serving as the General Counsel of the United States Department of Defense.

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