ALBUQUERQUE — Eclipse Aviation founder and chief executive officer Vern Raburn has stepped down and has been replaced by the man who heads the cash-strapped jet manufacturer's European partner and is chairman of the company's board.
Roel Pieper, who also is chairman of the European Technology and Investment Research Center Aviation, or ETIRC Aviation, will take over the Albuquerque company immediately as acting CEO, Eclipse announced Monday in a news release.
The company said Pieper's leadership is part of an agreement that brings with it a new round of financing that will give the company a positive cash flow. The amount of the cash infusion was not disclosed.
"It is now time to take the company to the next level of growth and operational excellence and this is what the board has tasked me to do," Pieper said in the news release. "I will work toward this goal in the coming period."