Did Richard Branson Just Quit As Chairman Of Virgin Hyperloop One?
LATEST: Richard Branson, the tech and entrepreneurial mogul, has stepped down as Chairman- Virgin Hyperloop One group. The news has been reported by Reuters and Bloomberg both.
Branson announced his decision on Monday. While commenting on his latest move that has shocked many, he said that the company needs a chairman who is more involved with it. He exclaimed that he wants the company to grow and wants someone who has plans to build a completely operational Hyperloop.
Woes With Saudi Arabia
Richard Branson was in the news recently as last week, the Financial Times reported that the Kingdom of Saudi Arabia has canceled a feasibility study with their company. The country’s decision came after Branson criticized them for being involved with Jamal Khashoggi, the famous journalist who recently died away in murder!
Things Have Been Strange
Things have been a little strange as far as Branson is concerned. He is well known for his eccentric styles and appearances. He has always ventured in experiences some people cannot even think of. Moreover, he also seems a little crazy but he is the BOSS of all.
More than a year ago, his company announced that Branson will be joining the company’s board of directors. It also revealed that Richard Branson also made an undisclosed investment in the company. This led the company to rebrand itself and call itself ‘Virgin Hyperloop One”.
In a statement to Reuters, Richard Branson said that it is time for the company’s evolution and, therefore, the company needs someone who is more focused on the business plus its opportunities.
While commenting further, he said that it will not be easy for him to commit to it as he has devoted a significant portion of time to philanthropic ventures. He is also a part of many businesses in the Virgin Group itself.
For now, Virgin Group has not commented on the situation. However, this is a developing story so we will update you as we go!