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Business/Financial

Terran Orbital’s Independent Directors Support CEO, Company’s Direction

By Cal Biesecker

Friday, October 20th, 2023

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Terran Orbital’s Independent Directors Support CEO, Company’s Direction

Terran Orbital nanosatellite. Photo: Terran Orbital

Terran Orbital’s [LLAP] independent board members last week rejected proposals by a minority shareholder group seeking the ouster of the company’s chairman and CEO and a potential sale of the satellite manufacturer. Instead, the six directors said “the Company’s current strategy remains the best course for maximizing long-term shareholder value.” They also said in an October 19 letter to shareholders that Marc Bell, Terran Orbital’s chairman and CEO, and the “entire management team” have their “continued and unqualified support.” The…

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