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Terran Orbital Getting New CFO, COO

Company has bulk of operations in Irvine

Satellite maker Terran Orbital said today it has appointed Adarsh Parekh its new chief financial officer to help accelerate “the company’s path to driving revenue growth and becoming free cash flow positive.”
Before joining Terran Orbital, Parekh served as chief financial officer of Alio Inc., a medical technology company based in Colorado.
Terran Orbital (NYSE: LLAP) with the bulk of its operations in Irvine, also said in a statement today that sales veteran Peter Krauss has been named chief operating officer while Mathieu Riffel will be promoted to chief accounting officer as part of the acceleration plan.
Krauss will take over on June 1, while the appointments Parekh and  Riffel are effective as of June 17.
Terran Orbital is based in Boca Raton.
Shares in Terran Orbital closed down 2.5% at 96 cents per share for a market cap of $194 million. The shares have been closing below $1.00 each since May 22.

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Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
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