Intuitive Machines, Inc. (Nasdaq: LUNR, LUNRW) has announced significant leadership appointments effective September 16, 2024. Pete McGrath, the current Senior Vice President and Chief Operating Officer, will transition to the role of Senior Vice President and Chief Financial Officer. Steven Vontur, who was serving as the Interim Chief Financial Officer, will transition to the role of Chief Accounting Officer and Controller. Additionally, Jack Fischer will transition to the position of Senior Vice President, Production and Operations.
Pete McGrath, who joined the company in 2020, brings over 35 years of experience in finance and the aerospace and defense industry. He holds an MBA from the University of Southern California * Marshall School of Business, an MS in Aerospace Engineering from California State University Long Beach, and a BS in Aerospace Engineering from the University of Southern California. Prior to joining Intuitive Machines, McGrath worked at Boeing as the Director of the Global Sales and Marketing organization in the Space Exploration Business Unit.
Steven Vontur, who joined the company in 2022, has been instrumental in taking the company public and building out the Accounting and Finance team. He holds a bachelor’s degree in business administration (accounting) from Texas A&M University and is a Certified Public Accountant in the state of Texas. Prior to his current role, he worked at KBR, Inc. and Ernst & Young LLP.
Jack Fischer, who joined Intuitive Machines in 2021, is a senior space operations leader, combat fighter pilot, astronaut, and flight test expert with 27 years of experience. He is a distinguished graduate of the U.S. Air Force Academy and a Massachusetts Institute of Technology Draper Fellow with bachelor’s and master’s degrees in astronautics. Fischer has spent 136 days in space and completed two spacewalks.
Intuitive Machines President and CEO, Steve Altemus, expressed confidence in the leadership team's ability to rise to the challenges of expanding the company's footprint in space, emphasizing the importance of developing flight systems, deploying and operating space and ground networks, and autonomously operating infrastructure in and around the Moon.
This latest move comes as Intuitive Machines, a diversified space exploration, infrastructure, and services company, recently became the first commercial company to land and operate on the lunar surface, validating its ability to provide the three service pillars required to commercialize a celestial body: delivery, data & analysis, and autonomous operations in space. As a result of these announcements, the company's shares have moved 8.8% on the market, and are now trading at a price of $5.49. Check out the company's full 8-K submission here.
