Sultan Ahmed bin Sulayem, group president and general manager of DP World, was elected as the new president of Virgin Hyperloop One, replacing Richard Branson, who gave up his role last month.
Jay Walder, former president and CEO of the New York Metropolitan Transportation Authority, was appointed President of Virgin Hyperloop One, replacing Rob Lloyd, who has been in this position for over three years.
Walder, who has extensive experience in mass transport, is also the former CEO of the MTR corporation in Hong Kong (a metro system operator in the city, as well as fast transport systems in London, Stockholm, Beijing, Shenzhen, Hangzhou, Melbourne and Sydney). He recently ran a global Motivate automotive company before selling it to Lyft.
DP World, which will become Virgin Hyperloop One of the largest investors, has been working on a new management structure for months, including the selection of the best CEO who will lead the company to the next phase of development. Virgin Hyperloop One will now try to use the new funding round to start implementing the hyperlapse from Pune to Mumbai.
"When we entered the unexplored territories to implement a completely new kind of mass transport system, we needed a leader with a deep understanding of public transport, experience in infrastructure financing, experience in project delivery and success in cooperation with government and private partners," said Bin Sulayem.
"We could not find a better candidate than Jay Walder for the next stage of the company's development and the historical development of this new industry."
Walder said it was an opportunity he can not refuse.
"I concentrated my career on using technology to develop innovation in transport, so I could not miss the opportunity to lead a company that is a pioneer of hyperlums," said Walder.
"I am looking forward to joining the company in this amazingly exciting time and working with our partners to revolutionize sustainable urban development and travel."
Jay Walder, new general director of Virgin Hyperloop One.
Walder will also join the board of Virgin Hyperloop One, and Branson's position will be taken over by Virgin & # 39; s Patrick McCall.
Virgin Hyperloop One is devising a major project in India, where the government recently announced the Pune-Mumbai project as a public infrastructure project with the international consortium DP World and Virgin Hyperloop One as the original proponent of the project.
If the government finally grants him a project license, the company expects to start construction in a test loop of 11 km in 2019. Once completed, the hyperlop may shorten travel time between Bombay and Pune from around 4 hours to 25 minutes.
To see the latest transport news from the UAE and the Gulf countries, follow us Twitter and Linkedin, like us on Facebook, and subscribe to our YouTube page, which is updated daily.