Virgin Galactic Picks Disney Executive for Its Next CEO

Virgin Galactic Holdings (NYSE: SPCE), the company that dreams of making space tourism an everyday entertainment for well-heeled vacationers, is bringing in an entertainment expert to help make that dream a reality.  

Late on Wednesday, the company announced that the CEO who led Virgin Galactic from start-up to IPO, George Whitesides, will step down from his post on Monday and become the company's chief space officer. Taking over the CEO's desk on July 20 will be Michael Colglazier, who until recently was Walt Disney's (NYSE: DIS) president of Disney Parks International, and before that, of Disneyland itself.  

Virgin Galactic's WhiteKnightTwo will carry its SpaceShipTwo up to 50,000 feet on the way to space. Image source: Virgin Galactic.

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Source Fool.com