The senior management appointments bring the company under the direct leadership of DP World, which in April signed a MoU with Virgin Hyperloop One to be the cargo carrying arm of the company as DP World CargoSpeed.
DP World insists the mammoth project will go ahead following his departure.
DP World signed a deal in April with Virgin Hyperloop One to create a global firm that will build high-speed cargo delivery systems
DP World and Virgin Hyperloop have announced the re-branding of the system’s cargo operations as DP World Cargo Speed, but there’s more to the development than that.
According to Branson, Virgin Hyperloop is “way ahead of anybody else” in the Hyperloop race.
Virgin Galactic has conducted its latest test flight on its second commercial space craft.
Sir Richard Branson has been named as the chairman of the re-branded Virgin Hyperloop One, while DP World has committed a further US $25-million to the project during another round of funding.