Richard Branson steps down from role as chairman of Virgin Hyperloop
DUBAI: Richard Branson is quitting as chairman of Virgin Hyperloop One
after saying the company, that plans to build a supersonic transport
system in the UAE and other countries, needs a more actively involved
leader, a statement confirmed on Monday.
“At this stage in the company’s evolution, I feel it needs a more
hands-on Chair, who can focus on the business and these opportunities,”
the statement quoted Branson as saying.
“It will be difficult for me to fulfil that commitment as I already
devote significant time to my philanthropic ventures and the many
businesses within the Virgin Group.”
Virgin Hyperloop One’s biggest shareholder, Dubai’s DP World, said the company was seeking a new chairman.
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