Brief: Virgin Orbit Holdings Says COO Anthony Gingiss's Position Was Cut Effective April 3

Virgin Orbit Holdings

04/04/2023 12:24

April 4 (Reuters) - Virgin Orbit Holdings Inc  VORB.O :
    * VIRGIN ORBIT HOLDINGS: AS PART OF PREVIOUSLY ANNOUNCED JOB CUTS, ON MARCH
30,
ANTHONY GINGISS COO, WAS INFORMED THAT POSITION WAS CUT EFFECTIVE APRIL 3
    * VIRGIN ORBIT-ON APRIL 2, IN CONNECTION WITH ENTRY INTO DIP CREDIT
AGREEMENT WITH
VIL, CO & VIRGIN ENTERPRISES ENTERED TERMINATION & DEBRAND AGREEMENT
    * VIRGIN ORBIT- PURSUANT TO DEBRAND AGREEMENT, TRADEMARK LICENSE AGREEMENT,
DATED
DEC 29, 2021, BETWEEN CO AND VEL WAS TERMINATED AS OF APRIL 2, 2023

Further company coverage:  VORB.O 

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