Invoice Weber will not function CEO of Firefly Aerospace after practically two years within the function, the maker of launch autos, lunar landers and orbiters introduced late Wednesday.
Board member Peter Schumacher will function interim CEO whereas the board begins a seek for a brand new CEO, the corporate mentioned in an announcement on its web site. The transition committee will help within the search.
Weber joins the corporate after it was acquired by personal fairness large AE Industrial Companions in February 2022. and intelligence shoppers, XLA Company, an organization that gives intelligence and evaluation and can also be president of presidency companies.
Information of his departure got here simply two days after Payload printed a report saying the corporate was investigating allegations of inappropriate relationships between Weber and feminine workers. A Firefly spokesperson reportedly instructed Payload on the time, “Our preliminary findings don’t assist any of the information behind this hypothesis.”
A spokesman declined to specify whether or not Weber’s departure was associated to the reported investigation, citing firm coverage. Weber didn’t instantly reply to TechCrunch’s request for remark.
Firefly is one in every of a handful of corporations hoping to seize a bigger share of the launch market from rivals similar to SpaceX and Rocket Lab with its small Alpha rocket. The corporate can also be creating a lunar lander known as Blue Ghost, which can launch for the primary time later this yr, in addition to a set of orbital transportation autos designed to enhance the mobility of satellites in house.
In Could, Bloomberg reported that AEI and different backers had been contemplating promoting the Texas-based firm in a deal that will worth the corporate at $1.5 billion.
