Terran Orbital announces key appointments to executive team

Terran Orbital announced key appointments to its executive team aimed at accelerating the Company’s path to driving revenue growth and becoming free cash flow positive. The Company welcomes Peter Krauss as its new COO, Adarsh Parekh as its new CFO, and Mathieu Riffel as its Chief Accounting Officer. The appointment of Krauss is effective as of June 1 and the appointments of Parekh and Riffel are effective as of June 17. Krauss and Parekh will each report to Marc Bell, the Company’s Co-Founder, Chairman, and CEO. Upon the effectiveness of Parekh and Krauss’s appointments, respectively, Riffel will report to Parekh. Krauss will oversee all engineering, manufacturing, supply chain, business development, and marketing functions, as well as our international operations. Parekh will oversee all accounting, finance, and investor relations functions. Tony Gingiss, the Company’s current COO, has decided to leave Terran Orbital. This decision comes from a place of mutual respect and understanding. Gingiss has agreed to provide strategic advisory services to the Company until his departure on July 15. As COO, Peter Krauss will focus on enhancing operational efficiency and reducing costs across Terran Orbital’s manufacturing and production processes. Krauss is a seasoned Sales, Marketing, and Operational executive with nearly 30 years of experience driving organizational growth and profitability, as well as extensive expertise in building and managing complex, global manufacturing and distribution systems. Krauss brings a wealth of expertise in cost reduction, process optimization, and efficiency improvement. Adarsh Parekh joins Terran Orbital as CFO, bringing over 20 years of experience in the financial sector, including in strategic growth initiatives, strategic planning and implementation, FP&A, M&A, leveraged finance, capital markets transactions, and treasury management. Prior to joining Terran Orbital, Parekh served as CFO of Alio, a medical technology company, where he oversaw all finance and accounting functions and was a key contributor to the company’s initial commercialization efforts. As CAO, Mathieu Riffel will focus on the Company’s accounting, financial reporting, internal controls, and compliance processes. Mathieu Riffel has worked for the Company since 2021, most recently serving as Acting CFO.