Former Boeing executive will play critical role
in scaling World View’s global remote sensing business
World View, a global leader in stratospheric exploration and
flight, today announced the appointment of Ian Thomas as Chief
Revenue Officer (CRO). Thomas brings more than 30 years of
experience scaling global businesses, including 15 years with The
Boeing Company, where he served in a variety of senior leadership
roles in the United States (U.S.) and Europe, and then led the
company’s operations, successively, in the United Kingdom, India,
Australia, and China.
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Ian Thomas (Photo: Business Wire)
“World View is proud to be at the forefront of stratospheric
exploration and as we continue to expand our global reach, it is
key that our company is helmed by leadership that embodies our
mission: to inspire, create, and explore new perspectives for a
radically improved future,” said Ryan M. Hartman, World View
President and CEO. “Ian’s extensive experience in successfully
scaling businesses in relevant markets and his ability to drive
strategic partnerships that fill a critical gap in the existing
space imaging and analytics sector will be integral for World
View’s next phase of growth.”
Thomas will lead the company’s international business
development and be responsible for expanding World View’s global
market share as the company continues to grow and diversify its
remote sensing business. Part of his focus will be to target new
industries that stand to benefit from the unique advantages offered
by remote sensing via the stratosphere and on delivering
capabilities not available with traditional satellite imaging or
fixed-wing aircraft monitoring.
Thomas led Boeing’s operations in four of the world’s largest
aerospace markets, helping secure the sale and approval of billions
of dollars of commercial airplanes and defense products and
services. Prior to his time at Boeing, he served in office of NATO
policy at the Pentagon and has written widely on U.S. and Allied
defense and security issues.
“I’m honored to join the World View team during this exciting
time of dynamic growth for the company and for the global remote
sensing market,” said Thomas. “World View’s technologies bring
critical capability to a wide range of government and industry
customers across an expanding field of use cases. I look forward to
supporting the expansion of our World View’s business and to
scaling a highly profitable global enterprise.”
Earlier this year, World View announced plans to go public
through a SPAC deal with Leo Holdings Corp. II (“Leo”) (NYSE: LHC).
The transaction values the combined company at a pro forma
enterprise value of approximately $350 million. World View plans to
use the capital to expand its global remote sensing business into
new markets, pioneering new and existing use cases in this evolving
domain and growing economy.
To learn more about World View’s expertise pioneering the
stratospheric economy, visit worldview.space.
About World View
World View Enterprises Inc. (“World View”) is a leading global
stratospheric exploration company, founded in 2012 and
headquartered in Tucson, Arizona. World View has a demonstrated
record of accomplishments in the stratospheric ballooning industry,
and is leading a new era of stratospheric exploration to take
humanity’s understanding and appreciation of Earth to inspired new
heights. With a sharper vision for a brighter future, World View
exists to inspire, create and explore new perspectives for a
radically improved future. Through its legacy remote sensing
business and Stratollite® imaging, and exciting future capabilities
with research and engineering missions and space tourism and
exploration, World View is working to ensure its ultimate
objective: honor the planet so that future generations will feel
blessed to call it home. For more information, visit
worldview.space.
About Leo Holdings Corp. II and Leo Holdings
Leo Holdings Corp. II (“Leo”), currently listed on the NYSE
under the ticker LHC, is a special purpose acquisition company
(SPAC) that seeks to invest in entrepreneurially driven growth
companies that aim to disrupt existing industries or business
models, as well businesses positioned to thrive in the evolving
digital information age where changing consumer behavior creates
the opportunity for outsized returns. Leo Holdings Corp. II is part
of a special purpose acquisition company initiative, Leo Holdings.
Leo Holdings was formed by the principals of Lion Capital, which is
led by Founder and Managing Partner, Lyndon Lea. Leo Holdings’
management team has extensive experience owning and operating
businesses on a global scale and has collaboratively worked
together for over 20 years. For more information, visit
https://leoholdings.com/.
Cautionary Statement Regarding Forward-Looking
Statements
Certain statements included in this Press Release that are not
historical facts are forward-looking statements for purposes of the
safe harbor provisions under the United States Private Securities
Litigation Reform Act of 1995. Forward-looking statements generally
are accompanied by words such as “believe,” “may,” “will,”
“estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,”
“would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,”
“outlook,” and similar expressions that predict or indicate future
events or trends or that are not statements of historical matters.
All statements, other than statements of present or historical fact
included in this Press Release, including regarding World View's
proposed business combination with Leo (the “Business
Combination”), Leo's ability to consummate the proposed
transactions, the anticipated benefits of the proposed transactions
and the combined company’s future financial performance, including
the combined company’s strategy, future operations, estimated
financial position, estimated revenue growth, prospects
expectations, estimated market growth, size and opportunity,
estimated development timeline and process, expected approvals from
regulators and related timing, plans and objectives of management,
and World View’s future capabilities, product and market
opportunities, ability to obtain and maintain strategic
relationships, remote sensing capabilities and growth potential,
and expectations regarding the growth of the remote sensing and
space tourism markets, among others, are forward looking
statements. These statements are based on various assumptions,
whether or not identified in this Press Release, and on the current
expectations of World View’s and Leo’s management and are not
predictions of actual performance. These forward-looking statements
are provided for illustrative purposes only and are not intended to
serve as, and must not be relied on by any investor as, a
guarantee, an assurance, a prediction or a definitive statement of
fact or probability. Actual events and circumstances are difficult
or impossible to predict and will differ from assumptions. Many
actual events and circumstances are beyond the control of World
View and Leo. These forward-looking statements are subject to a
number of risks and uncertainties, including but not limited to:
the inability of the parties to successfully or timely consummate
the Business Combination, including the risk that any required
regulatory approvals are not obtained, are delayed or are subject
to unanticipated conditions that could adversely affect the
combined company or the expected benefits of the Business
Combination is not obtained; the risk that the Business Combination
may not be completed by Leo's business combination deadline;
failure to realize the anticipated benefits of the Business
Combination; risks relating to the uncertainty of the projected
financial information with respect to World View; the occurrence of
any event, change or other circumstance that could give rise to the
termination of the definitive business combination agreement; the
effect of the announcement or pendency of the transaction on World
View’s business relationships, operating results, and business
generally; risks that the Business Combination disrupts current
plans and operations of World View; risks relating to World View’s
capital needs and ability to obtain adequate financing; the outcome
of any legal proceedings that may be instituted against World View
or against Leo related to the Business Combination or any related
agreements; the ability to maintain the listing of Leo's securities
on a national securities exchange; changes in domestic and foreign
business, market, financial, political, and legal conditions and
changes in the combined capital structure; the ability to implement
business plans, forecasts, and other expectations after the
completion of the Business Combination, and identify and realize
additional opportunities; risks related to the rollout of World
View’s business and the timing of expected business milestones; the
effects of competition on World View’s business; the risks of
operating and effectively managing growth in evolving and uncertain
macroeconomic conditions, such as high inflation and recessionary
environments; the risks to World View’s business if internal
processes and information technology systems are not properly
maintained; risks associated with World View’s operational
dependence on independent contractors and third parties; risks
associated with World View’s reliance on certain suppliers,
including recent global supply chain slowdowns and disruptions;
risks and uncertainties related to World View’s international
operations, including possible restrictions on cross border
investments which could harm World View’s financial position;
ability to achieve improved margins and cost efficiency; continuing
risks relating to the COVID 19 pandemic; and risks associated with
World View’s ability to develop its products and achieve regulatory
approvals or milestones on the timelines expected or at all. The
foregoing list of factors is not exhaustive. Please carefully
consider the foregoing factors and the other risks and
uncertainties described in the “Risk Factors” section of the final
prospectus to Leo's registration statement on Form S-1, as amended
(File No. 333-249676), the registration statement on Form S-4 to be
filed with the SEC by Leo and other documents filed or that may be
filed by Leo from time to time with the SEC. These filings identify
and address other important risks and uncertainties that could
cause actual events and results to differ materially from those
contained in the forward-looking statements. If any of these risks
materialize or our assumptions prove incorrect, actual results
could differ materially from the results implied by these
forward-looking statements. There may be additional risks that none
of Leo or World View presently know or that Leo or World View
currently believe are immaterial that could also cause actual
results to differ from those contained in the forward-looking
statements. In addition, forward-looking statements reflect Leo’s
and World View’s expectations, plans or forecasts of future events
and views as of the date of this Press Release. Leo and World View
anticipate that subsequent events and developments will cause Leo’s
and World View’s assessments to change. However, while Leo and
World View may elect to update these forward-looking statements at
some point in the future, Leo and World View specifically disclaim
any obligation to do so. These forward-looking statements should
not be relied upon as representing Leo’s and World View’s
assessments as of any date subsequent to the date of this Press
Release. Accordingly, undue reliance should not be placed upon the
forward-looking statements. Certain market data information in this
Press Release is based on the estimates of World View and Leo
management. World View and Leo obtained the industry, market and
competitive position data used throughout this Press Release from
internal estimates and research as well as from industry
publications and research, surveys and studies conducted by third
parties. World View and Leo believe their estimates to be accurate
as of the date of this Press Release. However, this information may
prove to be inaccurate because of the method by which World View or
Leo obtained some of the data for its estimates or because this
information cannot always be verified due to the limits on the
availability and reliability of raw data, the voluntary nature of
the data gathering process.
Important Information
Leo intends to file with the SEC a Registration Statement on
Form S-4 (as amended or supplemented, the “Registration
Statement”), which will include a preliminary proxy
statement/prospectus of Leo, which will be both the proxy statement
to be distributed to holders of Leo’s ordinary shares in connection
with the solicitation of proxies for the vote by Leo’s shareholders
with respect to the proposed Business Combination and related
matters as may be described in the Registration Statement, as well
as the prospectus relating to the offer and sale of the securities
to be issued in the Business Combination. After the Registration
Statement is declared effective, Leo will mail a definitive proxy
statement/prospectus and other relevant documents to its
shareholders. Leo’s shareholders and other interested persons are
advised to read, when available, the preliminary proxy
statement/prospectus, and amendments thereto, and the definitive
proxy statement/prospectus in connection with Leo’s solicitation of
proxies for its shareholders’ meeting to be held to approve the
Business Combination and related matters because the proxy
statement/prospectus will contain important information about Leo
and World View and the proposed Business Combination.
The definitive proxy statement/prospectus will be mailed to
shareholders of Leo as of a record date to be established for
voting on the proposed Business Combination and related matters.
Shareholders may obtain copies of the proxy statement/prospectus,
when available, without charge, at the SEC’s website at www.sec.gov
or by directing a request to: Leo Holdings Corp. II, 21 Grosvenor
Pl, London SW1X 7HF, United Kingdom or by emailing
brown@leo.holdings.
Participants in the Solicitation
This press release is not a solicitation of a proxy from any
investor or securityholder. However, Leo, World View and Leo
Investors II Limited Partnership and their respective directors,
officers and other members of their management and employees may be
deemed to be participants in the solicitation of proxies from Leo’s
shareholders with respect to the proposed business combination and
related matters. Investors and security holders may obtain more
detailed information regarding the names, affiliations and
interests of the directors and officers of Leo and World View in
the proxy statement/prospectus relating to the proposed business
combination when it is filed with the SEC. These documents may be
obtained free of charge from the sources indicated above.
No Offer or Solicitation
This press release is for informational purposes only and is not
intended to and shall not constitute an offer to sell or the
solicitation of an offer to sell or the solicitation of an offer to
buy or subscribe for any securities or a solicitation of any vote
of approval, nor shall there be any sale, issuance or transfer of
securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such jurisdiction. No offer of
securities shall be made except by means of a prospectus meeting
the requirements of Section 10 of the Securities Act of 1933, as
amended, and otherwise in accordance with applicable law.
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Jack Taylor PR worldview@jacktaylorpr.com
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