LOS ANGELES, Jan. 18, 2017 /PRNewswire/ -- HYPERLOOP ONE today announced the promotion of Brent Callinicos to Chief Operating Officer and Chief Financial Officer of the company. Callinicos joined Hyperloop One in October as a full-time strategic advisor to the CEO and Board of Directors to help develop Hyperloop One's funding and revenue models. Today's move formalizes Brent's hands-on role as a key part of the senior leadership team and expands his oversight to Hyperloop One's fund-raising, growth-planning, acquisitions and investment opportunities.
"When Brent first joined the team in October as an advisor, I knew that he was the perfect fit to help lead our team into our next phase of growth," said Shervin Pishevar, Executive Chairman and Co-Founder, Hyperloop One. "With Brent's extensive background in building innovative and high-growth companies, such as Uber, Google and Microsoft, we're confident that his appointment to the dual role of COO and CFO will propel this company forward and help us to fully realize our vision for Hyperloop One. He is an incredible asset for us not only with fund-raising, but with team building as our company continues its march towards full-scale testing and commercial implementation of our Hyperloop."
Callinicos will continue to focus on refining Hyperloop One's business planning and project finance strategy. He will also play a major role with Hyperloop One's Series C round of financing this year as the team expects to double in size and eventually raise billions of dollars in project financing as it builds the world's first Hyperloop.
"Brent immediately provided huge credibility with the investment community, and as we continue to deepen our customer relationships in Europe, the Middle East and around the world, Brent will provide us with the management bench strength we need to stay focused on execution," says Rob Lloyd, CEO of Hyperloop One. "Our Global Challenge identified potentially billions of dollars in projects worldwide, 20 of them with government support, and developing these opportunities will be a big priority for the team."
"In my short time at Hyperloop One, I have realized that this is a company that is changing the way that the world works," said Brent Callinicos. "I've rarely seen an engineering and business team execute this quickly on an amazing global opportunity. I am excited for the challenges my new roles will bring and even more excited about working with this team to build a revolutionary mode of transportation."
Prior to joining the company, Mr. Callinicos served as the Chief Financial Officer at Uber Technologies from 2013 to 2015. Prior to Uber, Callinicos was VP, Treasurer and Chief Accountant at Google from 2007 to 2013. He also ran Google's green energy investment portfolio. He held various roles at Microsoft from 1992 to 2007, where most recently he was CFO of the Platforms and Services Division. He also served as Microsoft's Treasurer from 2000-2004. Callinicos also sits on the boards of Baidu, PVH and Rubicon Global.
For more information about Hyperloop One, please visit, www.hyperloop-one.com.
About Hyperloop One
Hyperloop One is reinventing transportation by developing the world's first Hyperloop, an integrated structure to move passengers and cargo between two points immediately, safely, efficiently, and sustainably. Our team has the world's leading experts in engineering, technology and transport project delivery, working in tandem with global partners and investors to make Hyperloop a reality, now. Headquartered in Los Angeles, the company is led by CEO Rob Lloyd and co-founded by Executive Chairman Shervin Pishevar and President of Engineering Josh Giegel. For more information, please visit www.hyperloop-one.com.
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SOURCE Hyperloop One