Vector has announced that James (Jim) F. Palmer, the former corporate VP and CFO of the Northrop Grumman Corporation, has been elected to Vector's Board of Directors.
A respected veteran of the aerospace community, Palmer brings with him more than 45 years of financial experience, including CFO positions at three Fortune 500 companies, and spanning large corporations such as Northrop Grumman Corporation, Visteon, Boeing Capital Corporation, a subsidiary of The Boeing Company, and McDonnell Douglas Corporation. Palmer will join other members of Vector's board of directors, which includes William Coughran from Sequoia Capital, as well as Jim Cantrell, John Garvey and Shaun Coleman from Vector.
Jim Cantrell, Vector's CEO, said that the company continually looks to add senior talent to the firm's staff, advisors and the board of directors. The opportunity to bring on a new director like Jim with a long career at the executive level of the aerospace industry, was one Vector couldn't pass up. Jim's vast experience managing and efficiently deploying capital as a CFO in his long career at Northrop, Boeing and Visteon made him an ideal match for Vector's current growth phase as the company enters sustained flight operations and work to become a dominant launch service provider.
Jim Palmer, the new member of the Vector board of directors, added that since its founding in 2016, Vector has proven itself to be a pioneer in the small satellite launch industry, both in its technological innovations and radical approach to the market, and that he is very pleased to join the Vector board and looks forward to contributing a new perspective to such a fast-growing company.