Dr. Stefan Tweraser becomes new CEO of Rocket Factory Augsburg

Augsburg, 22.10.2021 – Dr. Stefan Tweraser is the new Chief Executive Officer (CEO) of Rocket Factory Augsburg AG (RFA) as of October 1st 2021. The 51-year-old Austrian will support RFA in further driving the company’s growth.

 

Previously, Stefan Tweraser was responsible for the DACH region at Google, and worked at the music streaming service Deezer, at the startup Snapshot and at the renowned consulting firm McKinsey & Company. With a doctorate in economics, he thus brings with him a wealth of experience from various industries, in which he drove innovative and future-oriented developments in management positions.

 

Given the rapid technological advances, increased success in the market and strong growth in personnel, the Executive and Supervisory Board of RFA believe that now is the right time to complement and broaden the Executive Board.

 

Dr. Stefan Tweraser on his new role: “The commercial use of space will change fundamentally in the coming decade. New space-based business models are emerging and innovative launch vehicles – with a strong focus on cost and customer orientation – are a cornerstone of this positive dynamic. RFA has made great strides by combining cutting-edge technology with innovative manufacturing processes. The team has also already succeeded in developing a promising commercial pipeline. I am very excited to lead RFA – together with the Executive Board and the Supervisory Board – to the next stage of our exciting journey.”

 

Jean-Jacques Dordain, Chairman of the Supervisory Board: “We deliberately looked for someone with extensive experience in managing enterprises outside the space sector to bring new expertise and additional impetus to the next steps of RFA’s development. After a very intensive process, we asked Stefan to join RFA’s Executive Board and add to the great expertise and space experience already there. We now have the complete board we need to lead RFA – together with a great team – to a successful development and operation.”

 

Marco Fuchs, Supervisory Board member: “We are very pleased with RFA’s progress to date. Stefan’s background and leadership will be instrumental in helping RFA achieve sustainable growth.”

 

Hans Steininger, Supervisory Board member: “European and global competition in the micro launcher vehicle segment will be intense, but we plan to be a leader in this competition. Based on his experience in a wide range of industries, Stefan will lead the RFA team to exploit this potential.”

 

Jörn Spurmann, Chief Commercial Officer: “RFA is one of the fastest growing start-ups in the New Space scene. Stefan’s experience in leading large organizations is very valuable for our further development. He has great ideas and approaches on how we will maintain our rapid pace as a growing company and convince more investors of our vision.”

 

Dr. Stefan Brieschenk, Chief Operating Officer: “We are very excited that Stefan has decided to take on the position as CEO of RFA. Under his leadership, we will further professionalize RFA’s processes and structures. This will help us to transform our rapid technological progress into a sustainable business model.”

About Rocket Factory

Rocket Factory Augsburg was founded in 2018 with the mission to significantly reduce launch costs in the space industry. The company’s goal is to develop a launch vehicle prototype by the end of 2022 which can launch satellites into low Earth orbits on a weekly basis at unmatched prices. The RFA ONE launch vehicle combines three key competitive advantages: a highly cost-efficient architecture using industrial automation and lowest-possible development costs, precise in-orbit delivery by its orbital stage, and superior propulsion systems using staged-combustion.

Press Contact:

Mr. Jonas Kellner

Phone +49 821 999576-21

Email: jonas.kellner@rfa.space

 

Rocket Factory Augsburg AG

Berliner Allee 65

D-86153 Augsburg

Chairman of Supervisory Board: Jean-Jacques Dordain

Executive Board: Stefan Tweraser, Stefan Brieschenk, Jörn Spurmann

Headquarter: Augsburg

Place of jurisdiction: AG Augsburg, HRB 34251

Tax-ID: DE319402838

 

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