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Virgin Galactic Appoints Blair Rich as President and Chief Business Officer, Commercial and Consumer Operations
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary
Virgin Galactic Holdings (NYSE: SPCE) has appointed Blair Rich as President and Chief Business Officer for Commercial and Consumer Operations, overseeing the company’s commercial strategy ahead of its anticipated commercial service launch. Rich, with over 20 years of marketing experience including a tenure at Warner Bros., will lead sales, marketing, and customer experience. Her previous work includes successful campaigns for high-profile films. The company aims to create transformative experiences for customers traveling to space, positioning Rich’s leadership as crucial for success in 2023.
Positive
Blair Rich's extensive marketing experience may enhance the company's brand and customer engagement.
Rich's prior consultancy role indicates a smooth transition and familiarity with Virgin Galactic's objectives.
Negative
No significant negative aspects were identified.
Veteran marketing innovator will lead Company’s commercial and consumer business and evolution of iconic consumer brand
LAS CRUCES, N.M.--(BUSINESS WIRE)--
Virgin Galactic Holdings, Inc. (NYSE: SPCE) (the “Company” or “Virgin Galactic”), an aerospace and space travel company, announced today that Blair Rich has been appointed President and Chief Business Officer, Commercial and Consumer Operations as the company prepares for the launch of commercial service later this year. In this newly created role, Rich will lead all aspects of the Company’s commercial strategy including sales, marketing, business and product development, communications, operations, and customer experience.
Rich has more than two decades of experience building some of the world’s most recognizable global brands. Most recently, she served as President of Worldwide Marketing for Warner Bros.’ Theatrical and Home Entertainment divisions. For the past year, she has served as a consultant and strategic advisor to Virgin Galactic. During that time, she helped the Company develop and grow its commercial strategy, including the marketing for Sir Richard Branson’s inaugural spaceflight as a member of the Unity 22 crew, which was viewed by tens of millions of people around the world.
“We’re delighted to welcome Blair to our growing organization and executive leadership team,” said Virgin Galactic CEO Michael Colglazier. “Blair brings a unique consumer-centric perspective to our company, with an incredible blend of business, digital and creative experience that she honed working on some of the most iconic brands in the entertainment industry. We are creating an entirely new kind of experience that begins at the moment of sale and extends for years after the journey to space. Blair has the vision, dynamic strategy skills and creativity to innovate on all levels. This year will be an important one for all of us at Virgin Galactic, and her leadership will be critical as we launch commercial service.”
Prior to Virgin Galactic, Rich spent 23 years at Warner Bros. Entertainment, starting as an intern and rising to lead worldwide marketing for the company. In this role, she oversaw a global team of over 700, encompassing creative advertising, publicity, media, digital and data, partnerships, research and multicultural marketing that launched an average of 20 films per year. Rich was integral in establishing and shaping some of the most successful films and franchises in the entertainment industry, including Harry Potter and the DC Multiverse. She also serves on the board of LA Family Housing.
Rich said: “It is a rare opportunity to build a business at the forefront of an entirely new industry. Working with the Virgin Galactic team over the past year has been incredible, and I’m passionate about growing the company to enable people around the world to experience the wonder and awe of space. We are creating a unique, emotional and deeply meaningful customer journey that will anchor our business. I am humbled to be a part of this amazing group of professionals whose ability to deliver transformative experience is unmatched.”
Virgin Galactic board member Adam Bain added, “Blair pushes boundaries and has a unique knack for generating consumer insights and translating that into successful strategies in the market, making her an ideal executive for this role.”
As part of this appointment, Virgin Galactic is also simplifying its reporting structure under Colglazier. Rich will be one of three business unit leaders, joining President, Space Missions and Safety Mike Moses, and President, Aerospace Systems Swami Iyer. These three business leaders will report directly to Colglazier, along with Aparna Chitale, Chief People Officer; Michelle Kley, Executive Vice President, General Counsel and Secretary of Virgin Galactic Holdings; and Doug Ahrens, Chief Financial Officer.
About Virgin Galactic Holdings
Virgin Galactic Holdings, Inc. is an aerospace and space travel company, pioneering human spaceflight for private individuals and researchers with its advanced air and space vehicles. It is developing a spaceflight system designed to connect the world to the wonder and awe created by space travel and to offer customers a transformative experience. You can find more information at https://www.virgingalactic.com/.
Blair Rich has been appointed President and Chief Business Officer for Commercial and Consumer Operations at Virgin Galactic, where she will oversee the company's commercial strategy.
What experience does Blair Rich bring to SPCE?
Blair Rich has over two decades of marketing experience, most recently as President of Worldwide Marketing for Warner Bros., successfully managing brands and campaigns.
What is the significance of Blair Rich's appointment for Virgin Galactic?
Her appointment is significant as it aims to strengthen Virgin Galactic's commercial strategy and enhance customer engagement ahead of the launch of commercial space services.
How might Blair Rich impact SPCE's stock performance?
With her background in building strong consumer brands, Rich's strategies could potentially lead to increased sales and customer interest, positively impacting SPCE's stock performance.
