New boss for renamed Ruag Space
Swiss space company Ruag Space has named a new chief executive as its parent company shrinks.
André Wall, the CEO of Ruag International, is to also take over the operational management of Beyond Gravity (formerly Ruag Space) from May 1.
He replaces the interim CEO, Luis de León Chardel, who is leaving the Group to pursue a new career.
Wall has been with Ruag since October 2017, first as Senior Vice President Operations, and from May 2020 Luis de León Chardel led the Space segment.
Ruag International in Zurich, Switzerland, is shrinking as it systematically implements its divestment strategy. The deal with Thales for the Simulation & Training business is due to close in the first half of 2022. Recently, the signing with Beretta Holding for the Ammotec ammunition business took place. The MRO unit in Australia is also earmarked for sale.
Ruag Aerostructures is also to be privatized in the medium term, leaving the space business as the sole focus. This has approximately 1600 employees at 12 locations in six countries (Switzerland, Sweden, Austria, Germany, USA and Finland) designing and manufacturing products for satellites and launch vehicles.
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“I would like to thank Luis de León Chardel very much for his energetic commitment. He took over the reins in a time of upheaval and unraveled the business and set the new direction in motion with a great deal of passion and leadership,” said Wall. “Thanks to his proven expertise in lean management, he has realigned the division globally and laid the foundation for transnational projects. I wish Luis de León Chardel nothing but the best for his future career.”
“I am excited to enter the space business operationally. My goal is not only to grow with Beyond Gravity, but to become the innovation engine of the industry thanks to co-creation with startups and our customers, for example with 7-meter fairings, in-orbit structures or reusable launch vehicles,” he said.
He says he is particularly keen to expand strategic partnerships, double the company’s US business and drive the industrialization of production through automation.
“The omens for growth have never been better than in the coming decade,” he said. “We expect weekly launches of rockets, the satellite business will quintuple in the next seven years driven by commercial constellations.”
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