Appointment of Mustafa Veziroglu as Second Chairman of the Management Board of Mynaric AG

Rhea-AI Summary

Mynaric AG (NASDAQ:MYNA) announced a significant management change on January 31, 2023. Mustafa Veziroglu will join Bulent Altan as Co-CEO, effective February 1, 2023. Veziroglu, a Management Board member since August 2022, has overseen the development and production of the company's laser communication products. This leadership expansion aims to enhance Mynaric’s operational capabilities in the laser communications sector, which is vital for high-speed data transmission across air, space, and mobile applications.

Positive

• Expansion of leadership with addition of Co-CEO may strengthen management capabilities.
• Mustafa Veziroglu's experience in laser communication could enhance product development.

Negative

• Concerns about continuity of leadership dynamics with a new Co-CEO.

GILCHING, GERMANY / ACCESSWIRE / January 31, 2023 / The Supervisory Board of Mynaric AG (NASDAQ:MYNA)(FRA:M0YN) today has resolved upon an expansion of the chair of the Management Board: As of February 1, 2023, Mustafa Veziroglu will join Bulent Altan, as second chairman of the Management Board and become the Co-CEO of the company.

Mustafa Veziroglu has been a member of the Management Board of Mynaric AG since joining the company in August 2022 and has since held operational responsibility for the development, qualification and series production of the company's laser communication products. In the future, he will jointly lead Mynaric AG with Bulent Altan and share management responsibilities.

About Mynaric

Mynaric (NASDAQ:MYNA)(FRA:M0YN) is leading the industrial revolution of laser communications by producing optical communications terminals for air, space and mobile applications. Laser communication networks provide connectivity from the sky, allowing for ultra-high data rates and secure, long-distance data transmission between moving objects for wireless terrestrial, mobility, airborne- and space-based applications. The company is headquartered in Munich, Germany, with additional locations in Los Angeles, California, and Washington, D.C.

For more information, visit mynaric.com.

Company: Mynaric AG
Phone: +49 8105 7999 0
E-mail: comms@mynaric.com
www.mynaric.com

SOURCE: Mynaric AG

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https://www.accesswire.com/737522/Appointment-of-Mustafa-Veziroglu-as-Second-Chairman-of-the-Management-Board-of-Mynaric-AG

FAQ

Who is Mustafa Veziroglu in relation to Mynaric AG?

Mustafa Veziroglu is the newly appointed Co-CEO of Mynaric AG, effective February 1, 2023.

What role did Mustafa Veziroglu hold before becoming Co-CEO?

He was a member of the Management Board and responsible for operational aspects of laser communication product development since August 2022.

What is the significance of the management change at Mynaric AG?

The management change is expected to enhance operational efficiency and innovation in laser communication technologies.