Sidus Space Appoints Adarsh Parekh as New Chief Financial Officer (CFO) to Spearhead Strategic Financial Initiatives
Sidus Space (NASDAQ: SIDU) has appointed Adarsh Parekh as its new Chief Financial Officer, effective January 27, 2025. Parekh brings over two decades of financial expertise, including $3 billion in M&A, capital markets and direct investing experience.
Previously serving as CFO of Terran Orbital , Parekh has held leadership positions at various companies including Alio Inc., Woodspur Farms, RRG Capital Management, OneWest Bank FSB, and Libra Securities. He began his career at Lehman Brothers' Investment Banking Division.
Reporting directly to CEO Carol Craig, Parekh will lead all financial operations, focusing on optimizing efficiency and advancing the company's mission to achieve sustainable growth and profitability. The appointment aligns with Sidus Space's strategy to strengthen its leadership team as it expands its position in the space economy.
Sidus Space (NASDAQ: SIDU) ha nominato Adarsh Parekh come suo nuovo Chief Financial Officer, con effetto dal 27 gennaio 2025. Parekh porta con sé oltre due decenni di esperienza finanziaria, includendo 3 miliardi di dollari in M&A, esperienza nei mercati dei capitali e investimenti diretti.
In precedenza, ha ricoperto il ruolo di CFO presso Terran Orbital e ha ricoperto posizioni di leadership in diverse aziende, tra cui Alio Inc., Woodspur Farms, RRG Capital Management, OneWest Bank FSB e Libra Securities. Ha iniziato la sua carriera nella Divisione Investment Banking di Lehman Brothers.
Riportando direttamente al CEO Carol Craig, Parekh guiderà tutte le operazioni finanziarie, concentrandosi sull'ottimizzazione dell'efficienza e sul progresso della missione dell'azienda per raggiungere una crescita e una redditività sostenibili. La nomina è in linea con la strategia di Sidus Space di rafforzare il proprio team di leadership mentre espande la propria posizione nell'economia spaziale.
Sidus Space (NASDAQ: SIDU) ha nombrado a Adarsh Parekh como su nuevo Director Financiero, efectivo a partir del 27 de enero de 2025. Parekh trae consigo más de dos décadas de experiencia financiera, incluyendo 3 mil millones de dólares en M&A, experiencia en mercados de capitales e inversiones directas.
Anteriormente se desempeñó como CFO de Terran Orbital y ha ocupado puestos de liderazgo en diversas empresas, incluidas Alio Inc., Woodspur Farms, RRG Capital Management, OneWest Bank FSB y Libra Securities. Comenzó su carrera en la División de Banca de Inversión de Lehman Brothers.
Reportando directamente a la CEO Carol Craig, Parekh liderará todas las operaciones financieras, enfocándose en optimizar la eficiencia y avanzar en la misión de la empresa para lograr un crecimiento y rentabilidad sostenibles. La designación está en línea con la estrategia de Sidus Space para fortalecer su equipo de liderazgo mientras expande su posición en la economía espacial.
Sidus Space (NASDAQ: SIDU)는 Adarsh Parekh를 2025년 1월 27일자로 새로운 최고재무책임자(CFO)로 임명했습니다. Parekh는 30억 달러 규모의 인수합병(M&A), 자본시장 및 직접 투자 경험을 포함해 20년 이상의 금융 전문성을 보유하고 있습니다.
이전에 Terran Orbital의 CFO로 재직하며 Alio Inc., Woodspur Farms, RRG Capital Management, OneWest Bank FSB 및 Libra Securities와 같은 다양한 기업에서 리더십 역할을 맡았습니다. 그는 Lehman Brothers의 투자은행 부서에서 경력을 시작했습니다.
CEO인 Carol Craig에게 직보하는 Parekh는 모든 재무 운영을 이끌며 효율성 최적화와 지속 가능한 성장 및 수익성 달성을 위한 회사의 사명을 추진하는 데 집중할 것입니다. 이번 임명은 Sidus Space가 우주 경제에서의 입지를 확장하면서 리더십 팀을 강화하기 위한 전략과 일치합니다.
Sidus Space (NASDAQ: SIDU) a nommé Adarsh Parekh comme nouveau Directeur Financier, effectif à compter du 27 janvier 2025. Parekh apporte plus de deux décennies d'expertise financière, y compris 3 milliards de dollars d'expérience en fusions et acquisitions, marchés de capitaux et investissements directs.
Auparavant CFO de Terran Orbital, Parekh a occupé des postes de direction dans diverses entreprises, notamment Alio Inc., Woodspur Farms, RRG Capital Management, OneWest Bank FSB et Libra Securities. Il a commencé sa carrière dans la division banque d'investissement de Lehman Brothers.
Relevant directement de la CEO Carol Craig, Parekh dirigera toutes les opérations financières, en se concentrant sur l'optimisation de l'efficacité et l'avancement de la mission de l'entreprise visant à atteindre une croissance et une rentabilité durables. Cette nomination s'inscrit dans la stratégie de Sidus Space pour renforcer son équipe de direction alors qu'elle étend sa position dans l'économie spatiale.
Sidus Space (NASDAQ: SIDU) hat Adarsh Parekh zum neuen Chief Financial Officer ernannt, gültig ab dem 27. Januar 2025. Parekh bringt über zwei Jahrzehnte an Finanzexpertise mit, darunter 3 Milliarden Dollar in M&A, Erfahrungen im Kapitalmarkt und direkte Investitionen.
Zuvor war er CFO von Terran Orbital und hatte Führungspositionen in verschiedenen Unternehmen inne, darunter Alio Inc., Woodspur Farms, RRG Capital Management, OneWest Bank FSB und Libra Securities. Seine Karriere begann er in der Investment Banking Division von Lehman Brothers.
Parekh wird direkt an CEO Carol Craig berichten und alle finanziellen Abläufe leiten, wobei der Fokus auf der Optimierung der Effizienz und der Förderung der Unternehmensmission zur Erreichung nachhaltigen Wachstums und Rentabilität liegt. Die Ernennung steht im Einklang mit der Strategie von Sidus Space, sein Führungsteam zu stärken, während das Unternehmen seine Position in der Weltraumwirtschaft ausbaut.
- Appointment of seasoned CFO with $3B in M&A and capital markets experience
- Strong background in aerospace and financial operations
- Strategic focus on achieving profitability and sustainable growth
- None.
(Photo: Business Wire)
Exceptional Financial Leadership
Mr. Parekh brings over two decades of financial expertise marked by:
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$3 billion - A proven record of scaling organizations in industries including aerospace, medical technology, and agriculture
- A history of implementing strategies to drive profitability and sustainable growth.
Most recently, Mr. Parekh served as Chief Financial Officer of Terran Orbital Corporation and directed all finance and accounting functions. Mr. Parekh’s experience in financial services and financial operations also includes serving as CFO of Alio, Inc. and Woodspur Farms, LLC. He has held senior positions at RRG Capital Management LLC, OneWest Bank FSB, and Libra Securities, LLC and began his career in the Investment Banking Division at Lehman Brothers, Inc.
Strategic Vision for Sidus Space
Reporting directly to Carol Craig, Founder, Chairman, and CEO of Sidus Space, Mr. Parekh will lead all financial operations focusing on optimizing efficiency and advancing the company’s mission to achieve sustainable growth and profitability.
“Adarsh Parekh is a natural fit for Sidus Space at this exciting juncture,” said Carol Craig, CEO of Sidus Space. “His extensive financial expertise and sharp focus on profitability will be critical as we continue to execute on our strategic goals. We are confident that his leadership will drive our financial objectives and deliver long-term value for our stakeholders during this pivotal period of growth and expansion.”
Sidus Space continues to strengthen its leadership team as it expands its position in the rapidly evolving space economy, with a focus on delivering innovative solutions while achieving financial milestones and operational excellence.
About Sidus Space
Sidus Space (NASDAQ: SIDU) is a space mission enabler providing flexible, cost-effective solutions including custom satellite design, payload hosting, mission management, space manufacturing, and AI-enhanced space-based sensor data-as-a-service. With its mission of Space Access Reimagined™, Sidus Space is committed to rapid innovation, adaptable and cost-effective solutions, and the optimization of space system and data collection performance. With demonstrated space heritage, including manufacturing and operating its own satellite and sensor system, LizzieSat™, Sidus Space serves government, defense, intelligence, and commercial companies around the globe. Strategically headquartered on Florida’s Space Coast, Sidus Space operates a 35,000-square-foot space manufacturing, assembly, integration, and testing facility and provides easy access to nearby launch facilities. For more information, visit: www.sidusspace.com.
Forward-Looking Statements
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute ‘forward-looking statements’ within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words ‘anticipate,’ ‘believe,’ ‘continue,’ ‘could,’ ‘estimate,’ ‘expect,’ ‘intend,’ ‘may,’ ‘plan,’ ‘potential,’ ‘predict,’ ‘project,’ ‘should,’ ‘target,’ ‘will,’ ‘would’ and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and other factors described more fully in the section entitled ‘Risk Factors’ in Sidus Space’s Annual Report on Form 10-K for the year ended December 31, 2023, and other periodic reports filed with the Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and Sidus Space, Inc. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
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Source: Sidus Space
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