Virgin Hyperloop One taps Citi Bike’s Jay Walder as new CEO


Virgin Hyperloop One has found a new CEO, and it’s someone who knows a thing or two about running both big and small transportation systems. Jay Walder, who recently left his position as CEO of bike-share operator Motivate, will become the new chief executive of the futuristic transportation company. Walder will replace Rob Lloyd, who served as CEO for three years.

The company also selected a new chairperson to replace Virgin Group CEO Richard Branson, who stepped down last month. Sultan Ahmed bin Sulayem, group chairman and CEO of Dubai’s DP World, was named to that position.

Walder is certainly an interesting choice with an impressive résumé. He ran New York City’s…

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