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Hyperloop One announced on Saturday that Sultan bin Sulayem, Group Chairman and CEO of DP World, has been elected as its new Chairman, following the resignation of Sir Richard Branson last month.
The only company that has developed a full scale hyperloop system also appointed Jay Walder - one of the world's leading mass transportation and technology executives - as its new CEO.
Walder will also join the company's Board of Directors, Dubai Media Office announced in a series of tweets today.
He will replace Rob Lloyd, who served as CEO for more than three years.
The selection of a new senior management team will allow Hyperloop One to transition its focus from technology startup to mass transportation company beginning with the implementation of the world's first hyperloop system running from Pune to Mumbai in India, the statement added.
.@HyperloopOne the only company that has developed a full scale hyperloop system, announced that Sultan bin Sulayem, Group Chairman and CEO of DP World, has been elected as its new Chairman. pic.twitter.com/SwLc1mddzG
- Dubai Media Office (@DXBMediaOffice) November 10, 2018
Jay Walder, who is one of the world's leading mass transportation and technology executives, has been appointed as its new CEO. Walder will also join the company's Board of Directors. pic.twitter.com/KsriptQ1OS
- Dubai Media Office (@DXBMediaOffice) November 10, 2018
The selection of a new senior management team will allow @HyperloopOne to transition its focus from technology startup to mass transportation company beginning with the implementation of the world's first hyperloop system running from Pune to Mumbai in India pic.twitter.com/rRHYDrwY9aCommenting on Walder's appointment, Sulayem said: "As we enter uncharted territory in implementing an entirely new kind of mass transportation system, we needed a leader with a deep understanding of public transportation, we could not have found a more ideal candidate than Jay Walder.
- Dubai Media Office (@DXBMediaOffice) November 10, 2018
Sultan Bin Sulayem: "As we enter uncharted territory in implementing an entirely new kind of mass transportation system, we needed a leader with a deep understanding of public transportation, we could not have found a more ideal candidate than Jay Walder pic.twitter.com/EaPmAWHz9VEarlier this year, Richard Branson quit as chairman of Virgin Hyperloop One, saying the company, that plans to build a supersonic transport system in the UAE and other countries, needs a more actively involved leader, the firm had said in October.
- Dubai Media Office (@DXBMediaOffice) November 10, 2018
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