Former Cisco Systems President Rob Lloyd becomes the CEO of Hyperloop Technologies INC as the company also expands headquarters in Downtown Los Angeles. First Hyperloop video released.
Hyperloop Technologies Inc. announced today that Rob Lloyd will become the company’s CEO. Lloyd has 20 years of experience in networking technology and was recently the President of Cisco Systems. Apart from assuming the company’s top post, Lloyd is an investor in the company. He will soon be joining the board of directors.
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Hyperloop is a transportation system in which a full length tube is built between destinations. The tube has a controlled environment inside which allows people or cargo to travel at extremely fast speeds. Emily White will also be joining the company as an adviser and board observer. She was recently the COO at Snapchat. She also has spent many years at Google and Facebook.
"I'm hugely impressed by the team and the vision of this company and the brilliant team committed to making the hyperloop a reality," said Rob Lloyd, CEO, Hyperloop Technologies, Inc.
"This is an incredible opportunity to dramatically impact the trillion-dollar transportation industry – Hyperloop is the fifth mode of transport, and will be the most efficient transportation network ever seen. It's an immense global market, and the opportunity of a lifetime to lead Hyperloop Technologies Inc. into the future.”
The company employs a growing team of over 50 full time employees who occupy over 55,000 square feet. Lloyd will be tasked with developing and leveraging global relationships and partnerships at Hyperloop Technologies Inc. which is preparing to have its Test Track operational soon. The company also has plans to announce many technological developments and partnerships over the year.
"When I founded this company with Brogan BamBrogan in 2014, we knew that when the time was right we would need a world-class operator to lead it," said Shervin Pishevar, co-founder, Hyperloop Technologies Inc.
"Rob Lloyd is perfectly suited to lead this company given his incredible 20+ year track record of innovating and disrupting. Rob helped build the network that moved bits in the digital era, and now he will help change the world again by building the network that will move people and things faster than ever before possible - we are extremely lucky to have him.”
The CTO and co-founder of Hyperloop Technologies Inc., Brogan Bam stated that the amount of innovation the company is carrying out is just amazing. Hyperloop Technologies Inc. is financially backed by leading investors. These include Formation 8, Sherpa Ventures, Caspian VC, Zhen Capital and many more.
"The amount of innovation happening within the walls of our office every day is astounding," said Brogan BamBrogan, CTO and co-founder, Hyperloop Technologies Inc.
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"It’s rare as an engineer to have the chance to solve really big problems – and while building the hyperloop is a massive undertaking, it is now an engineering certainty. We have over 50 of the best and brightest engineers working fulltime, and our team of builders is growing daily. 2015 was the year hyperloop went from concept to certainty, and Rob paving the way with the necessary partnerships, capital, and resources ensures that Hyperloop becomes reality. We look forward to 2016 being our Kitty Hawk moment.”