Virgin Galactic Reports Passing Of Chair Of Board Evan Lovell; Raymond Mabus, Jr. To Serve As Interim Chair
Portfolio Pulse from Benzinga Newsdesk
Virgin Galactic announced the unexpected passing of its Board of Directors Chair, Evan Lovell, on June 20, 2023, due to an illness. Raymond Mabus, Jr. will serve as Interim Chair.
June 21, 2023 | 8:11 pm
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Virgin Galactic's Board Chair Evan Lovell passed away unexpectedly, and Raymond Mabus, Jr. will serve as Interim Chair.
The unexpected passing of Evan Lovell, Virgin Galactic's Board Chair, may cause short-term uncertainty for the company. However, the appointment of Raymond Mabus, Jr. as Interim Chair should help stabilize the situation. The overall impact on the stock price is expected to be neutral in the short term.
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