Mach Industries Appoints Gary Hobart as Chief Financial Officer
Mach Industries (NYSE:LLAP) has appointed Gary Hobart as its new Chief Financial Officer. Hobart brings over 30 years of experience in aerospace and defense executive management, investment management, and corporate finance to the role.
Prior to joining Mach Industries, Hobart served as CFO and Chief Transformation Officer at Terran Orbital, where he led the company through a successful public listing and sale to Lockheed Martin. During his tenure, he helped scale the company's backlog to over $2.8 billion, raised $500+ million in capital, and increased production capacity fivefold.
His previous experience includes 20 years as a buyside investment manager at Beach Point Capital and Trust Company of the West, specializing in private equity and special situation investing.
Mach Industries (NYSE:LLAP) ha nominato Gary Hobart nuovo Chief Financial Officer. Hobart porta con sé oltre 30 anni di esperienza nella gestione esecutiva nei settori aerospaziale e della difesa, nella gestione degli investimenti e nella finanza aziendale.
Prima di entrare in Mach Industries, Hobart è stato CFO e Chief Transformation Officer presso Terran Orbital, dove ha guidato la società attraverso una quotazione di successo e la cessione a Lockheed Martin. Durante il suo mandato ha contribuito a far crescere il portafoglio ordini a oltre 2,8 miliardi di dollari, raccolto più di 500 milioni di dollari in capitale e quintuplicato la capacità produttiva.
In precedenza ha lavorato per 20 anni come gestore di investimenti buy-side presso Beach Point Capital e Trust Company of the West, specializzandosi in private equity e investimenti in situazioni speciali.
Mach Industries (NYSE:LLAP) ha nombrado a Gary Hobart como su nuevo Director Financiero (CFO). Hobart aporta más de 30 años de experiencia en dirección ejecutiva en aeroespacial y defensa, gestión de inversiones y finanzas corporativas.
Antes de unirse a Mach Industries, Hobart fue CFO y Chief Transformation Officer en Terran Orbital, donde lideró a la empresa durante una salida a bolsa exitosa y su venta a Lockheed Martin. Durante su etapa ayudó a escalar la cartera de pedidos a más de 2.800 millones de dólares, captó más de 500 millones de dólares de capital y multiplicó por cinco la capacidad de producción.
Anteriormente pasó 20 años como gestor de inversiones buy-side en Beach Point Capital y Trust Company of the West, especializándose en private equity e inversiones en situaciones especiales.
Mach Industries (NYSE:LLAP)는 Gary Hobart를 새로운 최고재무책임자(CFO)로 임명했습니다. Hobart는 항공우주 및 방위 산업의 경영진, 자산운용 및 기업금융 분야에서 30년 이상의 경험을 보유하고 있습니다.
Mach Industries 합류 전 Hobart는 Terran Orbital에서 CFO 겸 Chief Transformation Officer로 재직하며 회사의 성공적인 상장과 Lockheed Martin으로의 매각을 이끌었습니다. 재임 기간 동안 수주 잔고를 28억 달러 이상으로 확장하고, 5억 달러 이상의 자본을 조달했으며 생산 능력을 5배로 늘렸습니다.
그 전에는 Beach Point Capital과 Trust Company of the West에서 20년간 매수 측 투자관리자로 근무하며 사모펀드 및 특수 상황 투자를 전문으로 했습니다.
Mach Industries (NYSE:LLAP) a nommé Gary Hobart comme nouveau directeur financier (CFO). Hobart apporte plus de 30 ans d’expérience en direction dans les secteurs aérospatial et de la défense, en gestion d’investissements et en finance d’entreprise.
Avant de rejoindre Mach Industries, Hobart a été CFO et Chief Transformation Officer chez Terran Orbital, où il a conduit la société lors d’une introduction en bourse réussie et de sa cession à Lockheed Martin. Au cours de son mandat, il a contribué à porter le carnet de commandes à plus de 2,8 milliards de dollars, levé plus de 500 millions de dollars de capitaux et quintuplé la capacité de production.
Auparavant, il a passé 20 ans en tant que gestionnaire d’investissements côté acheteur (buy-side) chez Beach Point Capital et Trust Company of the West, se spécialisant dans le capital-investissement et les investissements en situations spéciales.
Mach Industries (NYSE:LLAP) hat Gary Hobart zum neuen Chief Financial Officer ernannt. Hobart bringt über 30 Jahre Erfahrung in der Führungsebene der Luft- und Raumfahrt- sowie Verteidigungsbranche, im Investmentmanagement und in der Unternehmensfinanzierung mit.
Vor seinem Wechsel zu Mach Industries war Hobart CFO und Chief Transformation Officer bei Terran Orbital, wo er das Unternehmen durch einen erfolgreichen Börsengang und den Verkauf an Lockheed Martin führte. Während seiner Amtszeit half er, den Auftragsbestand auf über 2,8 Milliarden US-Dollar zu erhöhen, mehr als 500 Millionen US-Dollar an Kapital zu beschaffen und die Produktionskapazität zu verfünffachen.
Davor war er 20 Jahre als Buy-Side-Investmentmanager bei Beach Point Capital und Trust Company of the West tätig und spezialisierte sich auf Private Equity und Special-Situation-Investments.
- Appointment of seasoned CFO with 30+ years of relevant industry experience
- Strong track record of successful public listing and M&A experience through Terran Orbital
- Proven ability to scale operations and raise significant capital ($500M+)
- Deep expertise in aerospace, defense, and capital markets
- None.
30-Year finance veteran brings deep defense tech, corporate finance and manufacturing leadership experience to the executive team
"Gary's unique combination of capital markets acumen and financial leadership in defense tech makes him an invaluable addition to our team," said Ethan Thornton, Founder and CEO of Mach Industries. "His proven ability to drive growth across financial and operating divisions and navigate complex financial landscapes will be instrumental as we advance our mission to deliver cutting-edge defense solutions."
Prior to joining Mach Industries, Hobart served as Chief Financial Officer and Chief Transformation Officer at Terran Orbital Corporation (NYSE: LLAP), a leading manufacturer of small satellites for defense and intelligence applications. During his tenure, he led the company through a successful public listing in March 2022 and a strategic sale to Lockheed Martin in October 2024. Under his financial leadership, Terran Orbital scaled its backlog to over
Before Terran Orbital, Hobart spent 20 years as a buyside investment manager with Beach Point Capital, a
"Joining Mach Industries is an exciting opportunity to apply my experience in capital markets and operational scaling to a company at the forefront of defense technology," said Gary Hobart, Chief Financial Officer of Mach Industries. "I look forward to contributing to Mach's growth and its mission to enhance national security through innovation."
About Mach Industries Inc.
Founded in 2023, Mach Industries is a defense manufacturing company headquartered in
For more information, please contact:
View original content to download multimedia:https://www.prnewswire.com/news-releases/mach-industries-appoints-gary-hobart-as-chief-financial-officer-302532641.html
SOURCE Mach Industries
FAQ
Who is the new CFO of Mach Industries (NYSE:LLAP)?
What was Gary Hobart's previous role before joining Mach Industries?
What are Gary Hobart's key achievements at Terran Orbital?
What is Gary Hobart's background in investment management?
How will Gary Hobart's appointment impact Mach Industries?
