Ian Walder named CEO
Hyperloop One has announced that Sultan Bin Sulayem, Group Chairman and CEO of DP World, has been elected as its new Chairman, following the resignation of Sir Richard Branson.
The company that developed a full scale hyperloop system also appointed Jay Walder, a leading mass transportation and technology executive, as its new CEO.
Walder, will also join the company’s Board of Directors, will replace Rob Lloyd, who served as CEO for more than three years.
Bin Sulayem has over three decades of experience across a wide range of industries, bringing a wealth of leadership experience to the Boardroom. Following the recent financing, DP World will become Virgin Hyperloop One’s largest investor, recognising the value of hyperloop to distribute not only passengers, but time sensitive cargo at the speed of flight and the cost of trucking, a press statement from DP World noted.
