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Terran Orbital Works Out Differences With Concerned Shareholders

Cal Biesecker By
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Terran Orbital Works Out Differences With Concerned Shareholders
Marc Bell, chairman and CEO, Terran Orbital. Photo: Terran Orbital

Terran Orbital [LLAP] on Monday said it has reached agreement with a group of investors that had been seeking management and other changes, including the replacement of current CEO Marc Bell, although the only concrete change appears to be moving forward with filling a board seat that has been vacant since July 2022. The concerned investor group, which owns just over 8 percent of the satellite manufacturer, also wanted the chairman and CEO roles to be separated, and for Terran…

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