XCOR Aerospace Names Jay Gibson as new CEO

Mojave, Calif., March 16, 2015--XCOR Aerospace announced today that executive John H. (Jay) Gibson II has been appointed as Chief Executive Officer and President of the company Gibson succeeds Jeff Greason, who is transitioning to Chief Technology Officer. Greason will dedicate his time to Lynx development, XCOR's orbital system and other crucial projects.

"After a thorough search for the ideal candidate, we decided on Jay Gibson," said  Greason. "There could not be a more opportune moment for XCOR to welcome Jay on board. With his prominent leadership and management roles at Beechcraft Corporation, the United States Air Force, The Department of Defense as well as other industries and organizations, Jay delivers the depth and breadth of leadership and experience necessary to elevate XCOR to the next level," he added.

As CEO, Gibson leads XCOR Aerospace with locations in Mojave, California and Midland, Texas as well as subsidiary XCOR Space Expeditions in Amsterdam. XCOR will also be establishing its manufacturing facility at the Kennedy Space Center in Florida.  

Most recently, Gibson served as Senior Vice President, Global Mission Support for Beechcraft Corporation in Wichita, Kansas. Additionally at Beechcraft he served as Vice President of the Special Missions Group and Vice President/CFO of the Defense unit.  Prior to joining Beechcraft, he served as the Assistant Secretary of the United States Air Force, and as Deputy Under Secretary of Defense in the Office of the Secretary of Defense. Earlier in his career, Jay served in a variety of leadership and management roles in private industry.