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Virgin Galactic poaches Disney’s former managing director Colglazier to take the chief executive position.

Virgin Galactic has revealed that it will be taking in the Disney president to be the new CEO and shift the current chief executive to another role. The incoming Michael Colglazier will replace the incumbent Whitesides effective from the 20th of July. He is remembered as the president and managing director of Disney’s amusement parks. 

Although George Whitesides will vacate the CEO’s position, he will be taking on the role of chief space officer. He will be delving into the business opportunities as well as hypersonic travels. Additionally, Whitesides will be the leader of the company’s space advisory board. 

Virgin Galactic’s chairman, Chamath Palihapitiya, commends George to plunge the company into the commercial markets. He argues that this new role will allow Whitesides to maximize his potential in spearheading the firm through commercial markets. 

Colglazier’s primary task will be to facilitate the growth of the suborbital spaceflight business while at the same time considering the customer experience. Palihapitiya is confident that Colglazier will deliver this responsibility knowing well his previous track record in commercializing new products in the global market. Palihapitiya hopes that the new executive will establish a magnanimous customer experience for the upcoming astronauts. Michael is known for creating a credulous experience, and the firm is anxious to see him replicate this knowledge at Spaceport America. 

Whitesides and Palihapitiya have discussed at length the pertinent succession plan. One of the suitable candidates for the chief executive position came out to be Colglazier, who was then contacted via a search firm. 

Colglazier is exuberant to be picked by Virgin Galactic, expressing that it is a rare chance that one ought to take. He admits that this new CEO role amicably suits him understanding his background and skill set. 

Colglazier outlines that Disney and Virgin Galactic have an appetite for service delivery and peculiarity in innovation. He retorts that he is ready to learn and abound with the ideologies of this new firm to reach the set objectives. 

Whitesides will be taking Colglazier through the new as he acclimatizes and concurrently identifying future business opportunities. Virgin Galactic reported its new Space Act deals with NASA to design a private orbital astronaut preparation program and innovate technology for hypersonic travels. 

Finally, the firm is yet to accrue revenues from its suborbital spaceflight business though the executives are streamlining towards commercialization of operations. Virgin Galactic explained that they would be geared to the home stretch for its test flights. 

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