Redwire Announces CFO Transition and Appointment of New Director
01 6월 2022 - 8:30PM
Business Wire
Jonathan Baliff selected to succeed Bill Read
as CFO
David Kornblatt appointed to the Board as
independent director and Audit Committee Chair
Redwire Corporation (NYSE: RDW), a leader in mission critical
space solutions and high reliability components for the next
generation space economy, today announced the appointment of
Jonathan Baliff as its new Chief Financial Officer, effective June
1, 2022. Mr. Baliff will succeed Bill Read, who is transitioning
from his role as Chief Financial Officer following Redwire’s
successful transition from being a private to a public company. In
connection with this transition, the company has increased the size
of its Board of Directors to eight, and appointed David Kornblatt
as an independent director, and to replace Mr. Baliff as Audit
Committee Chair.
Peter Cannito, Chairman and Chief Executive Officer of Redwire,
said, “Jonathan’s deep experience as a public company executive,
combined with his tremendous capital markets and M&A expertise,
is perfect for this phase in Redwire’s growth. I have enjoyed
working with Jonathan as the Chair of Redwire’s Audit Committee and
I look forward to partnering with Jonathan and David in their new
roles as we continue to execute our strategy as a public
company.”
“I am honored and excited to continue to serve Redwire at this
critical time in our growth and evolution,” said Jonathan Baliff,
incoming Chief Financial Officer. “I have worked closely with Pete
and the talented Redwire leadership team throughout the last 17
months when so much was accomplished. Our goal will be to build on
these notable accomplishments and improve, integrate, and impart
our financial and operational performance to achieve Redwire’s full
potential for all stakeholders. The financial teams will accomplish
this in close partnership with our exceptional commercial and
operations leaders who harness Redwire’s unique Heritage+Innovation
technologies to serve our client’s critical and expanding national
security, civil and commercial space infrastructure needs every
day.”
Cannito added, “On behalf of the Board and the entire Redwire
team, I’d like to thank Bill for his valuable contributions. Bill
led the establishment of Redwire’s financial organization and
successfully managed the financial analysis and integration of
eight acquisitions as well as our transition to becoming a public
company. We wish him the best in all his future endeavors.”
“I’m extremely proud of what we accomplished in a very short
time at Redwire,” said Bill Read, outgoing Chief Financial Officer.
“Taking eight different fast growing innovative space companies and
successfully bringing them together to be One Redwire is a once in
a lifetime career achievement. I’ve been fortunate to work side by
side with Jonathan for over a year now and know that he is the
right person to move Redwire forward. I look forward to watching
Redwire flourish and continue to profitably grow as the preeminent
space infrastructure company on the planet.”
Jonathan Baliff has been a leader in the aerospace, energy and
infrastructure sectors for over 25 years as both a public company
senior executive and investment and commercial banker.
Mr. Baliff has served on the Redwire Board of Directors and as
Chair of the Audit Committee since September 2021. Mr. Baliff also
serves on the Board of Directors and Risk Committee of Texas
Capital Bancshares, Inc (NYSE: TCBI).
Most recently, Mr. Baliff was the President of Genesis Park
Acquisition Corporation, the special purpose acquisition
corporation that merged with Redwire.
Previously Mr. Baliff served as Chief Executive Officer of
Bristow Group (NYSE: BRS), the world’s largest commercial
helicopter and industrial aviation company serving the energy and
government sectors. He served as Bristow’s Chief Financial Officer
from 2010 to 2014 until his appointment to Chief Executive Officer.
Prior to joining Bristow Group in 2010, Mr. Baliff was the
Executive Vice President for Strategy at NRG Energy, where he led
the development and implementation of NRG’s overall strategy.
Before joining NRG in 2008, Mr. Baliff was a Managing Director in
Credit Suisse’s Global Energy Group, where he advised energy
infrastructure companies on over $50 billion in merger and
acquisition assignments and project and corporate financings
starting in 1997. Mr. Baliff started his business career with J.P.
Morgan’s Natural Resource Group in 1995 after nearly a decade
flying F-4 Phantom fighter aircraft in the US Air Force including
the first combat missions during the first Gulf War. Mr. Baliff
will continue to serve as a director of Redwire.
Mr. Kornblatt is a director and Chair of the Audit Committee of
Universal Stainless & Alloy Products, Inc. (NASDAQ: USAP) and
brings decades of experience as a public company executive,
including employment as the chief financial officer of public
aerospace supplier Triumph Group, Inc. (NYSE: TGI), as well as
employment as the chief financial officer of each of specialty
metals producer Carpenter Technology Corporation (NSYE: CRS) and
air conditioning manufacturer York International Corporation
(previously trading under the ticker symbol “YRK”). The Board has
determined that Mr. Kornblatt is financially sophisticated and is
an “audit committee financial expert” as defined under SEC
regulations.
About Redwire Corporation
Redwire Corporation (NYSE: RDW) is a leader in mission critical
space solutions and high reliability components for the next
generation space economy, with valuable intellectual property for
solar power generation and in-space 3D printing and manufacturing.
With decades of flight heritage combined with the agile and
innovative culture of a commercial space platform, Redwire is
uniquely positioned to assist its customers in solving the complex
challenges of future space missions. For more information, please
visit www.redwirespace.com.
Forward Looking Statements
This press release may contain “forward-looking statements”
about Redwire's future expectations, plans, outlook, projections
and prospects. Such forward-looking statements can be identified by
the use of words such as “should,” “may,” “intends,” “anticipates,”
“believes,” “estimates,” “projects,” “forecasts,” “expects,”
“plans,” “proposes” and similar expressions. Although Redwire
believes that the expectations reflected in these forward-looking
statements are based on reasonable assumptions, there are a number
of risks and uncertainties that could cause actual results to
differ materially from such forward-looking statements. You are
urged to carefully review and consider any cautionary statements
and other disclosures, including the statements made under the
heading “Risk Factors” in Redwire’s Annual Report on Form 10-K for
the year ended December 31, 2021. Forward-looking statements speak
only as of the date of the document in which they are contained,
and Redwire does not undertake any duty to update any
forward-looking statements except as may be required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20220601005568/en/
Media Contact: Tere Riley Tere.Riley@redwirespace.com
321-831-0134
OR
Investors: investorrelations@redwirespace.com
Redwire (NYSE:RDW)
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