XCOR Aerospace aims for more efficient and effective company with new CEO

XCOR Aerospace, Inc. announced Monday that executive John (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 development of the company's two-seat fully reusable liquid rocket-powered Lynx vehicle that takes-off and lands horizontally.

"After a thorough search for the ideal candidate, we decided on Jay Gibson," said Greason.

As CEO, Gibson leads XCOR Aerospace with locations in Mojave, Calif., 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 Corp. in Wichita, Kan. 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.

"With the commencement of the Lynx flight test program on the horizon, Jay's arrival allows this team to focus on getting Lynx in the air, moving forward on plans for our orbital vehicle, and transitioning XCOR to a more efficient and effective company,” Greason said.