Virgin Hyperloop One’s Brent Callinicos has given up his submit as chief monetary officer to return to an advisory position with the corporate, he stated Monday.
Axel Martinez, who joined the futuristic transportation firm final yr as senior vp of finance, has succeeded Callinicos as CFO. Martinez and Callinicos beforehand labored collectively at Uber Applied sciences Inc. and Google.
“It was simply time,” Callinicos, who had served as an adviser to Hyperloop since October 2016 earlier than turning into CFO in January 2017, stated. Since he joined, “the corporate has moved from a brand new expertise to being on the verge of commercialization.”
Late final yr, the corporate raised a lifeline of $50 million from Caspian Enterprise Companions and and Dubai’s DP World Group. Virgin Hyperloop One Chief Government Officer Rob Lloyd has been working laborious to ink a deal to construct its train-like system and has spent appreciable time in India and Dubai discussing potential tasks.
The corporate’s senior vp for engineering, Carl Jenkins, additionally left not too long ago to affix Basic Motors’s Cruise. “Determined to maneuver on for monetary stability causes and Cruise contacting me and providing me an thrilling problem again in self driving automobiles,” he stated on his LinkedIn profile. Jenkins, who joined Virgin Hyperloop One in Might 2017, had beforehand labored for Alphabet’s self-driving automobile unit.
Read More, Virgin Hyperloop One’s Brent Callinicos has given up his submit as chief,BoredPotato
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