– USA, CA – Rocket Lab USA, Inc. (Nasdaq: RKLB), a global leader in launch services and space systems, announced that Ken Possenriede has been appointed to the Company’s Board of Directors, bringing deep experience in capital markets, customer relationships, and scaling businesses.
About Kenneth Possenriede
A seasoned executive with strong business and financial acumen, Ken Possenriede joins Rocket Lab after a 35-year career at Lockheed Martin Corporation in financial leadership positions, including serving as CFO. Before assuming the post of CFO and Lockheed Martin Corporation, he served as VP of Finance and Program Management for Lockheed Martin Aeronautics Company where he was responsible for leading finances and program management processes, including accounting, contracts, business management, financial planning, scheduling and earned value. Mr. Possenriede also served as VP and Treasurer for Lockheed Martin Corporation. In that role, he was responsible for all aspects of the corporation’s worldwide banking activity, including global treasury operations, foreign exchange and capital markets, rating agency relations, capital planning, facilities, and risk management. Mr. Possenriede also served as Lockheed Martin Corporation’s VP of Finance for the Electronic Systems organization, where he was responsible for all aspects of the business unit’s financial and contractual processes and commitments.
“Rocket Lab has quickly but strategically risen to the ranks of global space leader and I’m incredibly excited to join the formidable team behind this,” said Ken Possenriede. “From the success of Electron as the world’s leading small launcher, and the impressive growth of Rocket Lab’s extensive space systems business, to the impressive progress on Neutron, I’ve long admired Rocket Lab’s ability to execute and shake up the industry by overdelivering and outperforming. I look forward to supporting this trajectory as the Company executes the vision to be the leading end-to-end space company.”
Ken Possenriede holds a Master of Business Administration from the University of Michigan and a bachelor’s degree from Rutgers University in economics. He also currently serves as an advisor to the Rutgers Foundation Board of Directors.
About Rocket Lab
Rocket Lab is a global leader in launch and space systems. Rocket Lab’s Electron launch vehicle is the second most frequently launched U.S. rocket annually and has delivered more than 190 satellites to orbit for commercial and Government partners, including NASA, the U.S. Air Force, DARPA, and the NRO. Rocket Lab also delivers proven suborbital hypersonic launch capability with its HASTE launch vehicle. Building on the deep heritage of Electron, Rocket Lab is developing Neutron, an advanced 13-tonne payload class, reusable launch vehicle tailored for constellation deployment and interplanetary missions. Rocket Lab is also a premier supplier of advanced satellites, flight-proven subsystems, and spacecraft components. At a component level, Rocket Lab spacecraft technology spans space solar power, composite structures, flight software, star trackers, reaction wheels, separation systems, and more.
For more information: https://www.rocketlabusa.com/
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